May 31: India’s popular pan-Asian restaurant chain, Mamagoto, founded by Azure Hospitality, has opened its first international outpost in…
May 31: India’s popular pan-Asian restaurant chain, Mamagoto, founded by Azure Hospitality, has opened its first international outpost in…
May 31: Hotel Association of Nepal (HAN) has expressed mixed reaction to the new budget unveiled recently by the finance minister for the upcoming fiscal year 2019/20.…
May 31: Explore Earth Movers Pvt Ltd, the authorized distributor of Volvo construction equipment in Nepal, has partnered with Volvo Penta, a manufacturer and supplier of engines for heavy equipment. The partnership agreement signed on Thursday, May 30, is believed to strengthen the market presence of Volvo Penta in…
May 31: The government has decided to increase the social security allowance for senior citizens by Rs 1,000 effective from fiscal year…
May 31: The “India-Nepal Business Summit” was held in Bhopal on May 30 to enhance the business relation between the two countries.…
May 31: Ever since the mountains of Nepal were opened for expedition some 114 years ago, a total of 1097 people have lost their lives in their bid to climb mountains in country, which is a home to some of the towering peaks of the world including the highest mountain – Mt…
May 31: Chairman Emeritus of Soaltee Crowne Plaza Prabhakar Shumsher Rana passed away while undergoing treatment in the United States on Thursday.…
May 31: Finance Minister Yuba Raj Khatiwada has defended the government’s decision to increase the budget for the Constituency Development Fund.…
…
May 30: The government has targeted an economic growth of 8.5 percent in the upcoming fiscal year.…
May 30: As the fallout from Google’s decision to ban Huawei gains momentum, the company held a press meet on May 28th to reassure worried customers and to outline their plans for the…
May 30: The government has allocated Rs 173 billion to the country’s transportation sector for the upcoming fiscal year…
May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country.…
May 30: The government has announced an increase in salary of civil servants for the upcoming fiscal…
May 30: The government has decided to charge an additional Rs 1 tax on all kinds of petroleum products under the heading of road development charge in fiscal year 2019/20.…
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', 'content' => '<p> May 31: Hotel Association of Nepal (HAN) has expressed mixed reaction to the new budget unveiled recently by the finance minister for the upcoming fiscal year 2019/20. HAN has appreciated the budget allocation for the tourism sector but has said that the government has not given priority to the ‘Visit Nepal Year 2020’.</p> <p> HAN claimed that the government has failed to bring budget and programmes as expected to make the Visit Nepal Year more fruitful. Nevertheless, it said that the government’s plan to develop MICE tourism, adventure tourism, agro tourism, rural tourism is praiseworthy.</p> <p> The association has also urged the government to promote traditional Nepali cuisine in flights carried by the national flag carrier of Nepal and during official functions and feasts organised by Nepal’s embassies abroad.</p> <p> It also suggested the government to implement its programme related to upgrading airports, and national highways. </p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10557', 'image' => '20190531031100_Visit-Nepal-2020-Logo.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '10804', 'article_category_id' => '266', 'title' => 'Explore Earth Movers Partners with Volvo Penta', 'sub_title' => '', 'summary' => 'May 31: Explore Earth Movers Pvt Ltd, the authorized distributor of Volvo construction equipment in Nepal, has partnered with Volvo Penta, a manufacturer and supplier of engines for heavy equipment. The partnership agreement signed on Thursday, May 30, is believed to strengthen the market presence of Volvo Penta in Nepal.', 'content' => '<p> May 31: Explore Earth Movers Pvt Ltd, the authorized distributor of Volvo construction equipment in Nepal, has partnered with Volvo Penta, a manufacturer and supplier of engines for heavy equipment. The partnership agreement signed on Thursday, May 30, is believed to strengthen the market presence of Volvo Penta in Nepal.</p> <p> With this, Explore Earth Movers has become the authorised importer and distributor of Volvo Penta in Nepal.</p> <p> Sushil Shrestha, managing director of the company, said, “We are extremely delighted to partner with Volvo Penta. With our expertise as a diversified business group, we are certain to strengthen our support to customers in Nepal.” Shrestha further said it is possible to operate passenger ships in the country.</p> <p> Explore Earth Movers is the trading company under Panchakanya Group. Shreshta said, within its short period of establishment, the company could make annual turnover of Rs 1.10 billion in last fiscal year (2017/18) with the support of Panchakanya Group.</p> <p> “With this setup, we are confident of offering enhanced sales and service support to our customers thereby increasing customers satisfaction,” said Miron Thoms, Vice President of Volvo Penta, India.</p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10556', 'image' => '20190531022559_aaa.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '10803', 'article_category_id' => '1', 'title' => 'Social Security Allowance for Senior Citizens Increased to Rs 3,000', 'sub_title' => '', 'summary' => 'May 31: The government has decided to increase the social security allowance for senior citizens by Rs 1,000 effective from fiscal year 2019/20.', 'content' => '<p> May 31: The government has decided to increase the social security allowance for senior citizens by Rs 1,000 effective from fiscal year 2019/20. The senior citizens who are above 70 years used to get Rs 2,000 which has now been increased to Rs 3,000. The increased allowance for senior citizen will come into effect from July 17.</p> <p> While presenting the budget for the upcoming fiscal year in the parliament on Wedensday, Finance Minister Yuba Raj Khatiwada informed that there are around 1.3 million senior citizens in Nepal who are above 70 years of age. With the increase in the senior citizens’ allowance, the monthly expenditure under this title will be Rs 3.90 billion while the annual expenditure will be Rs 46.80 billion.</p> <p> Likewise, the social security allowance for single women has also been increased by Rs 1,000. From July 17, they will receive Rs 2,000 as social security allowance.</p> <p> According to the government data, a total of 2,810,195 citizens are getting social security allowance in the country.</p> <p> The Social Security Act, 2017 has mentioned that senior citizens, people living below the poverty line, terminally disabled, disabled, single women, people from indigenous community, children shall be provided with social security allowance.</p> <p> According to the provisions in the Act, in order to receive the allowance senior citizens from the Dalit community and single women should be 60 years while other senior citizens need to be 70 years. Senior citizens (70 years), Dalit senior citizen (60 years), senior citizen from Karnali Province (60 years) and single women (60 years) have been receiving social security allowance.</p> <p> According to the budget announced for the fiscal year 2019/20, the government has decided to provide health insurance of up to 100,000 for senior citizens as well as single women.</p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10555', 'image' => '20190531021713_Budget.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '10808', 'article_category_id' => '1', 'title' => '“India-Nepal Business Summit” Held in Bhopal for Deepening Regional Economic Cooperation', 'sub_title' => '', 'summary' => 'May 31: The “India-Nepal Business Summit” was held in Bhopal on May 30 to enhance the business relation between the two countries. ', 'content' => '<p> May 31: The “India-Nepal Business Summit” was held in Bhopal on May 30 to enhance the business relation between the two countries. According to the organiser, the summit essentially focused on the sectors where India-Nepal co-operation can be further boosted to achieve the desired goals for Nepal’s economic development in sectors like energy, infrastructure, tourism, agriculture, food processing, skill development, start-ups and services.</p> <p> The inaugural session centered on the theme, “Roadmaps for Accelerating Inclusive Sub-regional Economic Growth”. In his welcome address, KV Rajan, chairman of India-Nepal Centre, PHDCCI laid focus on the fact that both the countries have advantage of political stability and the economic priorities thus be shaped through the strong fundamentals for reshaping the bilateral as well regional economic cooperation. </p> <p> Nepalese Ambassador to India, Nilambar Acharya, said, “It is a great pleasure to learn that after joint efforts of Embassy of Nepal in New Delhi and the PHDCCI "India-Nepal Business Summit" is being organized in this historic and beautiful city of Bhopal, the capital city of Madhya Pradesh, the heart of India, about trade, investment and business opportunities in Nepal. I am confident that the presentations to be made, panel discussions, networking and interaction sessions to be made here will be fruitful in highlighting trade, investment and other economic opportunities in Nepal.”</p> <p> Akhilesh Mishra, director general of Indian Council of Cultural Relations (ICCR), gave the keynote speech and recounted the benefits of people-to-people relations India and Nepal enjoy and that make their understanding unmatchable. He pointed out that India and Nepal have immense opportunities through their social and cultural connection and which should support the economic cooperation to stay in thriving state.</p> <p> Tirtha Poudel, Counsellor at the Embassy of Nepal, gave a presentation on the opportunities available in Nepal for institutional investment through the existing and new businesses. He reflected on the policies and possibilities Nepal relentlessly offer to the investors, especially from India.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10554', 'image' => '20190531034612_II.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '10802', 'article_category_id' => '1', 'title' => 'More than Thousand Climbers Perish in Mountains in a Century', 'sub_title' => '', 'summary' => 'May 31: Ever since the mountains of Nepal were opened for expedition some 114 years ago, a total of 1097 people have lost their lives in their bid to climb mountains in country, which is a home to some of the towering peaks of the world including the highest mountain – Mt Everest.', 'content' => '<p> May 31: Ever since the mountains of Nepal were opened for expedition some 114 years ago, a total of 1097 people have lost their lives in their bid to climb mountains in country, which is a home to some of the towering peaks of the world including the highest mountain – Mt Everest.</p> <p> The death toll includes expedition members climbing mountains above 5,000 metres. Some died while trying to climb while others died on their way back from the summit, according to government authorities.</p> <p> During this climbing season, altogether 17 climbers died on different mountains including Everest, Kanchenjunga, Makalu and Lhotse between May 14 to 27.</p> <p> The spring season is considered the best season for climbing mountains because of the favourable weather conditions. However, the number of casualties is high during this very season, according to the data provided by the Department of Tourism.</p> <p> Climbers also attempt climbing mountains during the autumn season.</p> <p> The first ever death while climbing mountain in Nepal was recorded in 1905. However, the identities of the climbers who died while climbing Mt Kanchenjunga have not been ascertained yet. The department has proper records of the deaths that occurred in expedition from 1921 onward.</p> <p> Stakeholders say that most of the casualties occur due to inadequate preparation and natural calamities.</p> <p> “The climbers are themselves to blame for the deaths,” said Phurba Tenzing Sherpa, who has climbed Everest 14 times.</p> <p> According to Sherpa, inadequate training accounts for more deaths than adverse weather condition and traffic jam on Everest.</p> <p> He says that climbers must first succeed in climbing small peaks and then only attempt climbing Everest or other high mountains.</p> <p> “Just paying the royalty is not enough. One needs proper training to climb the highest mountains,” said Sherpa.</p> <p> Santabir Lama, chairman of Nepal Mountaineering Association, also says that many climbers who want instant fame end up being killed in the unforgiving terrain of the mountains due to lack of adequate preparation.</p> <p> The government should not give climbing permits just because the foreigners are willing to pay hefty amount, argues Lama.</p> <p> “If the government sets clear criteria for climbing, it will surely bring down the death toll.”</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10553', 'image' => '20190531015151_MoFA Mt._Everest2.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '10801', 'article_category_id' => '1', 'title' => 'Renowned Businessman Prabhakar Rana No More', 'sub_title' => '', 'summary' => 'May 31: Chairman Emeritus of Soaltee Crowne Plaza Prabhakar Shumsher Rana passed away while undergoing treatment in the United States on Thursday. ', 'content' => '<p> May 31: Chairman Emeritus of Soaltee Crowne Plaza Prabhakar Shumsher Rana passed away while undergoing treatment in the United States on Thursday. He was 84.</p> <p> Rana, a renowned businessman and a “pioneer” entrepreneur in Nepal’s tourism industry, died of heart attack in a New York-based hospital, according to his family sources. He was admitted to the hospital about a year ago.</p> <p> Rana, a versatile businessman, was engaged in multiple sectors like tourism, hospitality, trade, hydropower and automobiles.</p> <p> He was also the founder of Sipradi Trading, which is the authorised distributor of Tata Motors in Nepal. He is also the chairman of Surya Nepal.</p> <p> His company owns a large portion of shares of Bhotekoshi Hydropower Project.</p> <p> According to the website of Soaltee Hotel, Rana was educated in India where he earned a Bachelor of Arts (first class with honours) degree from the esteemed Patna University.</p> <p> He was a trustee of the American Himalayan Foundation and a global member of the International Council of the Asia Society, New York.</p> <p> In recognition of his exceptional leadership and vision, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) had honoured Rana with the prestigious Lifetime Achievement Award in 2013.</p> <p> According to his family sources, his final rites will be performed in New York.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '10552', 'image' => '20190531013311_Clipboard01.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '10800', 'article_category_id' => '1', 'title' => 'Finance Minister Defends Constituency Development Fund', 'sub_title' => '', 'summary' => 'May 31: Finance Minister Yuba Raj Khatiwada has defended the government’s decision to increase the budget for the Constituency Development Fund. ', 'content' => '<p> May 31: Finance Minister Yuba Raj Khatiwada has defended the government’s decision to increase the budget for the Constituency Development Fund. The government had increased the fund provided to each elected lawmaker under the first-past-the-post category from Rs 40 million to Rs 60 million.</p> <p> “The government cannot deprive the people’s representatives from development budget,” said Khatiwada, adding, “We chose a system with elected representatives who took part in the election with the agenda of development.”</p> <p> Speaking at an interaction held at the Ministry of Finance, Minister Khatiwada said, “People’s representatives are the ones who represent the people’s desire, their mandate.”</p> <p> Finance Minister Khatiwada said that the elected lawmakers have been given the authority only to select and monitor the development projects under the local level infrastructure development partnership programme while the implementation of the projects will be done by the local levels.</p> <p> He further said that everyone must be careful not to allow the misuse of the funds allocated for the constituency development.</p> <p> “How can the people participate without the participation of their elected representatives?” questioned Khatiwada.</p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10551', 'image' => '20190531123638_finmin.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '10799', 'article_category_id' => '1', 'title' => 'Market Watch of May 30 (Thursday) ', 'sub_title' => '', 'summary' => '', 'content' => '<p style="text-align: center;"> <strong>Pic. Showing NEPSE Candle Stick Chart</strong></p> <p> <strong>Current Price (CMP): 1319.47</strong></p> <p> <strong>OHLC Update of 16<sup>th</sup> Jestha:</strong></p> <p style="margin-left: 40px;"> O: 1313.88<br /> H: 1349.38<br /> L: 1313.88<br /> C: 1319.47</p> <p> <strong>Pivot for 19<sup>th</sup> Jestha: </strong></p> <table border="1" cellpadding="0" cellspacing="0" style="width:632px;" width="632"> <tbody> <tr> <td style="width:79px;height:34px;"> <p style="text-align: center;"> <strong>S3</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>S2</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>S1</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>Pivot</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>R1</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>R2</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>R3</strong></p> </td> </tr> <tr> <td style="width:79px;height:34px;"> <p style="text-align: center;"> <strong>1,270.27</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,292.08</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,305.77</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,327.58</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,341.27</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,363.08</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,376.77</strong></p> </td> </tr> </tbody> </table> <div style="clear:both;"> </div> <p> <strong>OHLC Update of 3<sup>rd</sup> week of Jestha:</strong></p> <p style="margin-left: 40px;"> O: 1314.55<br /> H: 1349.38<br /> L: 1309.90<br /> C: 1319.47</p> <p> <strong>Pivot for the 4<sup>th</sup> Week of Jestha: </strong></p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:84px;height:28px;"> <p style="text-align: center;"> <strong>S3</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>S2</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>S1</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>Pivot</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>R1</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>R2</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>R3</strong></p> </td> </tr> <tr> <td style="width:84px;height:37px;"> <p style="text-align: center;"> <strong>1,263.64</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,286.77</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,303.12</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,326.25</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,342.6</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,365.73</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,382.08</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Pivot for Month of Jestha: </strong></p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:79px;"> <p style="text-align: center;"> <strong>S3</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>S2</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>S1</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>Pivot</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>R1</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>R2</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>R3</strong></p> </td> </tr> <tr> <td style="width:79px;"> <p style="text-align: center;"> <strong>1,082.82</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,132.34</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,223.9</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,273.42</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,364.98</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,414.5</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,506.06</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Turnover Update:</strong></p> <p style="margin-left: 40px;"> On Month of Baisakh: 1,803.05 Crores<br /> Volume of this week (29<sup>th</sup> Baisakh – 2<sup>nd</sup> Jestha): NRs. 494.93 Crores<br /> Volume of 2<sup>nd</sup> Week of Jestha: NRs. 502.44 Crores<br /> Volume of 3<sup>rd</sup> Week of Jestha: NRs. 433.14 Crores<br /> 15<sup>th</sup> Jestha: Nrs. 90.08 Crores<br /> 16<sup>th</sup> Jestha: Nrs. 152.81 Crores</p> <p> <strong>Commentary:</strong></p> <p> 1. Today market has remained positive throughout the day. Along with the market other sub indices are also positive. NEPSE Market has gained 0.43% likewise Sensitive also gained 0.44%.</p> <p> 2. NEPSE Market made its high during the first hour and the opening point was the lowest point for the day.</p> <p> 3. The volume today has increased in comparison to that of yesterday volume. </p> <p> 4. Out of 11 Sub-indices only 4 of them are positive. Today at the ending of this week there is no any noticeable gains or loss of the sub- indices.</p> <p> 5. The CMP of 16<sup>th</sup> Jestha is above the pivot of 16<sup>th</sup> Jestha and the monthly pivot but below the weekly pivot.</p> <p> 6. Both of the Sensitive and NEPSE Market had same kind of movement throughout the day.</p> <p> <strong>Top 5 Scrips by turnovers:</strong></p> <table border="1" cellpadding="0" cellspacing="0" width="602"> <tbody> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>Scrips</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>Turnover</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>Closing Price</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>SHIVM</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 17.19 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>661</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>NBL</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 16.61 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>339</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>PRVU</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 10.99 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>284</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>UPPER</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 9.22 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>293</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>NCCB</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 6.25 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>284</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Top 5 Gainers: </strong></p> <table border="1" cellpadding="0" cellspacing="0" width="602"> <tbody> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>Scrips</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>LTP</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>Point Change</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>HURJA</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>160</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>18</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>RRHP</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>104</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>8</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>NICGF</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>9.79</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>1</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>GRDBL</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>124</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>7</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>WMBF</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>92</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>5</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Top 5 Losers: </strong></p> <table border="1" cellpadding="0" cellspacing="0" width="602"> <tbody> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>Scrips</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>LTP</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>Point Change</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>PPCL</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>163</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-18</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>NMFBS</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>1,540</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-82</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>KNBL</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>162</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-8</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>BFC</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>103</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-5</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>MSMBS</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>485</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-23</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Sector Wise Summary: </strong></p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:160px;height:33px;"> <p style="text-align: center;"> <strong>Sector</strong></p> </td> <td style="width:160px;height:33px;"> <p style="text-align: center;"> <strong>Turnover Values</strong></p> </td> <td style="width:160px;height:33px;"> <p style="text-align: center;"> <strong>Turnover volume</strong></p> </td> <td style="width:160px;height:33px;"> <p style="text-align: center;"> <strong>Total Transaction</strong></p> </td> </tr> <tr> <td style="width:160px;height:29px;"> <p style="text-align: center;"> <strong>Commercial Banks</strong></p> </td> <td style="width:160px;height:29px;"> <p style="text-align: center;"> <strong>NRs. 82.01 Crores</strong></p> </td> <td style="width:160px;height:29px;"> <p style="text-align: center;"> <strong>2,759,183</strong></p> </td> <td style="width:160px;height:29px;"> <p style="text-align: center;"> <strong>6,598</strong></p> </td> </tr> <tr> <td style="width:160px;height:34px;"> <p style="text-align: center;"> <strong>Finance</strong></p> </td> <td style="width:160px;height:34px;"> <p style="text-align: center;"> <strong>NRs. 1.42 Crores</strong></p> </td> <td style="width:160px;height:34px;"> <p style="text-align: center;"> <strong>110,638</strong></p> </td> <td style="width:160px;height:34px;"> <p style="text-align: center;"> <strong>270</strong></p> </td> </tr> <tr> <td style="width:160px;"> <p style="text-align: center;"> <strong>Hotels</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>NRs. 1.93 Crores</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>43,688</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>148</strong></p> </td> </tr> <tr> <td style="width:160px;"> <p style="text-align: center;"> <strong>Manufacturing And Processing</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>NRs. 17.74 Crores</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>258,084</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>1,362</strong></p> </td> </tr> <tr> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>Others</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>NRs. 5.30 Crores</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>98,167</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>272</strong></p> </td> </tr> <tr> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>Hydro Power</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>NRs. 15.96 Crores</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>595,017</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>3,435</strong></p> </td> </tr> <tr> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>Non Life Insurance</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>NRs. 6.76 Crores</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>93,861</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>762</strong></p> </td> </tr> <tr> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>Development Banks</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>NRs. 7.45 Crores</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>393,196</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>1,053</strong></p> </td> </tr> <tr> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>Mutual Fund</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>NRs. 0.34 Crores</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>346,196</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>95</strong></p> </td> </tr> <tr> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>Promoter Share</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>NRs. 2.02 Crores</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>36,411</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>86</strong></p> </td> </tr> </tbody> </table> <p style="text-align: center;"> <img alt="" src="/app/webroot/userfiles/images/s%289%29.JPG" style="width: 745px; height: 475px;" /></p> <p style="text-align: center;"> <strong>c. Showing Sensitive Candle Stick Chart</strong></p> <p> <strong>Analysis: </strong></p> <p> 1. The CMP of 16<sup>th</sup> Jestha is below the Pivot of 19<sup>th</sup> Jestha and the volume is higher than that of the last traded volume. Analyzing this we can say that the market might enter into Bullish trend. Today at some point market showed the potential to break the prevailing choppy trend but was unsuccessful later on.</p> <p> 2.Observing the candle stick patterns of today, it is “Inverted Hammer”. Observing the candle stick patterns of past days we see the formation of “Shooting Star/ Gravestone Doji”.</p> <p> 3. An Inverted Hammer pattern forms when the buyers push the stock price higher against the sellers. The pattern reflects buying interest for technical, psychological, or fundamental reasons. When the pattern forms in a downtrend, it suggests a possible market bottom or change in trend. So, it’s one of the reversal patterns.</p> <p> 4. Market still now is in the Choppy trend ranging 1300 to 1320 in order to make new high market needs to cross 1320 or for new low it must go below 1320.</p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '10550', 'image' => '20190531112533_n.JPG', 'article_date' => '2019-05-31 00:00:00', 'homepage' => true, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '22' ) ), (int) 9 => array( 'Article' => array( 'id' => '10798', 'article_category_id' => '1', 'title' => 'Government Targets Economic Growth of 8.5 Percent', 'sub_title' => '', 'summary' => 'May 30: The government has targeted an economic growth of 8.5 percent in the upcoming fiscal year. ', 'content' => '<p> May 30: The government has targeted an economic growth of 8.5 percent in the upcoming fiscal year. Finance Minister Yuba Raj Khatiwada made the announcement while unveiling Rs 1.53 trillion budget for the FY 2019/20 at the parliament building on Wednesday, May 29.</p> <p> According to the finance minister, the government has given high priority to uplift the backward regions, groups and communities. The government has also focused on increasing productivity.</p> <p> Likewise, the government has announced Public Private Partnership for creating job opportunities and increasing income-generating opportunities.</p> <p> The budget has also given priority to health and education sectors as well as infrastructure development for drinking water facility, industries, tourism and agriculture.</p> <p> The finance minister also said that the government will ensure that the stalled projects will be resumed in the upcoming fiscal year.</p> <p> <strong>Budget for Province and Local Levels</strong></p> <p> The government has allocated equalization grants of Rs 55.30 billion for the provincial governments and Rs 89.95 for the local governments across the country.</p> <p> Likewise, the federal government will be providing conditional grants of Rs 44.55 billion to the provinces and Rs 123.87 billion to the local levels. Likewise, the supplementary grant for the provincial and local levels is Rs 10 billion.</p> <p> <strong>Sector-wise Budget</strong></p> <p> <strong><img alt="" src="/app/webroot/userfiles/images/asdfff.jpg" style="width: 545px; height: 409px;" /></strong></p> <p> The government has allocated Rs 163.76 billion for the education, science and technology sector. The budget for developing roadways, railways and waterways is Rs 163.52 billion. Likewise, the health and population sector will get Rs 68.78 billion.</p> <p> The budget allocated for drinking water and sanitation is Rs 43.46 billion.</p> <p> The Ministry of Agriculture and Livestock will get Rs 34.80 billion in the upcoming fiscal year. Likewise, the government has allocated Rs 7.69 billion for the Ministry of Land Management and Cooperatives,Rs 2.68 billion for the Ministry of Tourism, Rs 11.74 billion for the Ministry of Commerce, Industry and Supplies, and Rs 83.49 billion for the Ministry of Energy.</p> <p> Likewise, the each of the parliamentarian elected through the first-past-the-post category will get Rs 60 million under the constituency development fund.</p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10549', 'image' => '20190530023709_adf.jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '10797', 'article_category_id' => '237', 'title' => 'Huawei Allays Consumer Concerns Following Google Ban', 'sub_title' => '', 'summary' => 'May 30: As the fallout from Google’s decision to ban Huawei gains momentum, the company held a press meet on May 28th to reassure worried customers and to outline their plans for the future.', 'content' => '<p> May 30: As the fallout from Google’s decision to ban Huawei gains momentum, the company held a press meet on May 28th to reassure worried customers and to outline their plans for the future.</p> <p> Earlier this month, Google followed through on US President Donald Trump’s executive order to ban Huawei from US shores, essentially crippling future Huawei devices. Under the ban, Huawei devices will lose access to several critical Google services such as Google Play Store, Google Maps, YouTube, Gmail, among others. However, Huawei will still be able to access Google’s proprietary operating system, Android, under the Android Open Source Project.</p> <p> Understandably, this has lead to a steep decline in sales of Huawei devices across the world, and now, the fallout has found its way to Nepal as retailers report that sales of Huawei devices have dwindled.</p> <p> During the press meet, chaired by Joyas Zhu, country director, Huawei Nepal, the company reassured consumers that they are working on a Plan B.</p> <p> “We will coordinate with other companies to come up with a solution. If Huawei launches a product, the consumers don’t need to worry. We will work hard on the solution,” said Zhu.</p> <p> Also present at the meet was Pulkit Bhimsaria, director of Call Mobility, Huawei’s authorised smartphone distributor in Nepal. Bhimsaria confirmed that sales had taken a significant hit following the ban. “If you ask me as a distributor, I can honestly tell you that we have lost around 50 smartphone sales per day,” said Bhimsaria.</p> <p> However, he mentioned that not all customers are equally concerned about the ban. “Just yesterday we had two customers who bought Mate 20 Pro, they said, ‘we don’t care, and we know something better will happen soon,’” Bhimsaria added.<br /> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10548', 'image' => '20190530012600_image.jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '10796', 'article_category_id' => '1', 'title' => 'Government Allocates Rs 173 billion for Transportation', 'sub_title' => '', 'summary' => 'May 30: The government has allocated Rs 173 billion to the country’s transportation sector for the upcoming fiscal year 2019/20.', 'content' => '<p> May 30: The government has allocated Rs 173 billion to the country’s transportation sector for the upcoming fiscal year 2019/20. Finance Minister Yuba Raj Khatiwada made the announcement while unveiling the new budget on Wednesday, May 29.</p> <p> The government has allocated Rs 163 billion for the construction of roads, railways and waterways. Likewise, Rs 7.70 billion has been separated for the operation of rail and metro-rail in Kathmandu.</p> <p> <strong>Compulsory e-card for bus fare </strong></p> <p> The government is arranging electronic card (e-card) for paying bus fare by establishing Transport Authority within the next fiscal year. The new budget has also stressed on public transportation by encouraging big buses and banning the existing transport cartels. Likewise the budget has also emphasized on installing charging stations to promote electric vehicles across the country.</p> <p> In order to manage transportation, the government will also be establishing ‘test centers’ in the capitals of all seven provinces of the country. For this, Rs 1.53 billion has been allocated, said Finance Minister Khatiwada.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10547', 'image' => '20190530011559_electric bus for short destination_from sajha yatayat.jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '10795', 'article_category_id' => '1', 'title' => 'New Budget Prioritizes Industries and Businesses', 'sub_title' => '', 'summary' => 'May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. ', 'content' => '<p> May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. The government has brought a policy to promote domestic garment industry through the new budget.</p> <p> Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p> <p> The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p> <p> Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p> <p> Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p> <p> “The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p> <p> <strong>Continuous Effort but Poorly Implemented </strong></p> <p> The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented. </p> <p> <strong>Prioritising Basic Infrastructure </strong></p> <p> In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p> <p> <strong>Producing Industrialist from Iron Mine</strong></p> <p> The iron mine at Dhaubadi of Nawalparasi will start commercial production of iron from the upcoming fiscal year. Likewise, the government is also plans to unearth precious stones in Surkhet and process them, according the finance minister.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10546', 'image' => '20190530010232_sej pic (2).jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '10794', 'article_category_id' => '1', 'title' => 'Government Staffers to Get up to 20 Percent Salary Hike', 'sub_title' => '', 'summary' => 'May 30: The government has announced an increase in salary of civil servants for the upcoming fiscal year.', 'content' => '<p> May 30: The government has announced an increase in salary of civil servants for the upcoming fiscal year. While unveiling the budget on Wednesday, Finance Minister Yuba Raj Khatiwada said that the salary of government staffers will be increased by 18 to 20 percent.</p> <p> According to the finance minister, the salary of non-gazetted officers will be increased by 20 percent while that of the gazetted officers will be hiked by 18 percent.</p> <p> The civil servants had been demanding a salary hike between 15 to 25 percent.</p> <p> The finance minister said that the salary of all civil servants including government staffers, security personnel as well as teachers has been increased.</p> <p> The increase in salary will be implemented from the starting of the upcoming fiscal year.</p> <p> The current salary of the chief secretary is Rs 55,200. With the increase in salary, the chief secretary will get Rs 65,136. Likewise, the salary of government secretaries will now be Rs 60,675 and that of the joint secretaries will be Rs 47,377. Under-secretaries and section officers will now on receive Rs 40,378 and Rs 35,990 respectively. Other non-gazetted officers will get between Rs 26,000 and Rs 28,000 while the salary of officer helper will be between Rs 19,000 and Rs 26,000</p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10545', 'image' => '20190530124323_1 (2).jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '10793', 'article_category_id' => '1', 'title' => 'Prices of Petroleum Products, Luxurious Goods, Alcohols Likely to Rise', 'sub_title' => '', 'summary' => 'May 30: The government has decided to charge an additional Rs 1 tax on all kinds of petroleum products under the heading of road development charge in fiscal year 2019/20. ', 'content' => '<p> May 30: The government has decided to charge an additional Rs 1 tax on all kinds of petroleum products under the heading of road development charge in fiscal year 2019/20. The additional tax will result in the rise of the prices of petroleum products.</p> <p> Previously, the government had been collecting Rs 4 from petrol and Rs 3 tax from diesel as road development charge. </p> <p> Meanwhile, the budget announced on Wednesday, May 29, states that taxes on alcohols and luxurious goods have been increased by the government.</p> <p> The increase in customs duty is likely to raise the price of the goods in the upcoming fiscal year.</p> <p> The prices of tobacco, cigarettes and alcohols are expected to rise due to the increase in the customs duty.</p> <p> The government decided to increase the customs duty of alcoholic beverages and tobacco under its policy to increase taxes on goods that are harmful for public health.</p> <p> The tax on import of vehicles has remained unchanged and the prices of vehicles will remain as it is in the market. Likewise, the prices of the cell phones are likely to reduce. Tax on import of cell phones has been reduced to 2.5 percent in the new fiscal year budget. Previously, the government had been charging 5 percent tax on import of cell phones. </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10544', 'image' => '20190530121712_aaaa.jpg', 'article_date' => '2019-05-30 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' => '10806', 'article_category_id' => '266', 'title' => 'Mamagoto Opens its Outlet in Kathmandu', 'sub_title' => '', 'summary' => 'May 31: India’s popular pan-Asian restaurant chain, Mamagoto, founded by Azure Hospitality, has opened its first international outpost in Kathmandu.', 'content' => '<div> May 31: India’s popular pan-Asian restaurant chain, Mamagoto, founded by Azure Hospitality, has opened its first international outpost in Kathmandu.</div> <div> </div> <div> After a successful run for a decade across nine cities in India, Mamagoto said it expanded its network to Nepal.</div> <div> </div> <div> Mamagoto, which literally translates into "play with food", is a fusion pan-Asian café with a relaxed and casual atmosphere, where affordable Asian cuisine and handcrafted cocktails are available.</div> <div> </div> <div> The interiors of the 4200 square feet restaurant are carefully divided into a cozy indoor section for dining and a beautiful outdoors for lounging, with a seating capacity of 125.</div> <div> </div> <div> The menu at Mamagoto showcases dishes that are principally of Asian origins, and focuses mainly on the regional cuisines of China, Thailand and Japan (including a few popular choices from Indonesia, Burma and Malaysia).</div> <div> </div> <div> Mamagoto’s outlet based in Lazimpat was inaugurated on May 26.</div> <div> </div> <div> </div> <div> </div> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10558', 'image' => '20190531032541_Mamagoto0.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '10805', 'article_category_id' => '1', 'title' => 'Government hasn’t Prioritized Visit Nepal Year 2020: HAN', 'sub_title' => '', 'summary' => 'May 31: Hotel Association of Nepal (HAN) has expressed mixed reaction to the new budget unveiled recently by the finance minister for the upcoming fiscal year 2019/20. ', 'content' => '<p> May 31: Hotel Association of Nepal (HAN) has expressed mixed reaction to the new budget unveiled recently by the finance minister for the upcoming fiscal year 2019/20. HAN has appreciated the budget allocation for the tourism sector but has said that the government has not given priority to the ‘Visit Nepal Year 2020’.</p> <p> HAN claimed that the government has failed to bring budget and programmes as expected to make the Visit Nepal Year more fruitful. Nevertheless, it said that the government’s plan to develop MICE tourism, adventure tourism, agro tourism, rural tourism is praiseworthy.</p> <p> The association has also urged the government to promote traditional Nepali cuisine in flights carried by the national flag carrier of Nepal and during official functions and feasts organised by Nepal’s embassies abroad.</p> <p> It also suggested the government to implement its programme related to upgrading airports, and national highways. </p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10557', 'image' => '20190531031100_Visit-Nepal-2020-Logo.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '10804', 'article_category_id' => '266', 'title' => 'Explore Earth Movers Partners with Volvo Penta', 'sub_title' => '', 'summary' => 'May 31: Explore Earth Movers Pvt Ltd, the authorized distributor of Volvo construction equipment in Nepal, has partnered with Volvo Penta, a manufacturer and supplier of engines for heavy equipment. The partnership agreement signed on Thursday, May 30, is believed to strengthen the market presence of Volvo Penta in Nepal.', 'content' => '<p> May 31: Explore Earth Movers Pvt Ltd, the authorized distributor of Volvo construction equipment in Nepal, has partnered with Volvo Penta, a manufacturer and supplier of engines for heavy equipment. The partnership agreement signed on Thursday, May 30, is believed to strengthen the market presence of Volvo Penta in Nepal.</p> <p> With this, Explore Earth Movers has become the authorised importer and distributor of Volvo Penta in Nepal.</p> <p> Sushil Shrestha, managing director of the company, said, “We are extremely delighted to partner with Volvo Penta. With our expertise as a diversified business group, we are certain to strengthen our support to customers in Nepal.” Shrestha further said it is possible to operate passenger ships in the country.</p> <p> Explore Earth Movers is the trading company under Panchakanya Group. Shreshta said, within its short period of establishment, the company could make annual turnover of Rs 1.10 billion in last fiscal year (2017/18) with the support of Panchakanya Group.</p> <p> “With this setup, we are confident of offering enhanced sales and service support to our customers thereby increasing customers satisfaction,” said Miron Thoms, Vice President of Volvo Penta, India.</p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10556', 'image' => '20190531022559_aaa.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '10803', 'article_category_id' => '1', 'title' => 'Social Security Allowance for Senior Citizens Increased to Rs 3,000', 'sub_title' => '', 'summary' => 'May 31: The government has decided to increase the social security allowance for senior citizens by Rs 1,000 effective from fiscal year 2019/20.', 'content' => '<p> May 31: The government has decided to increase the social security allowance for senior citizens by Rs 1,000 effective from fiscal year 2019/20. The senior citizens who are above 70 years used to get Rs 2,000 which has now been increased to Rs 3,000. The increased allowance for senior citizen will come into effect from July 17.</p> <p> While presenting the budget for the upcoming fiscal year in the parliament on Wedensday, Finance Minister Yuba Raj Khatiwada informed that there are around 1.3 million senior citizens in Nepal who are above 70 years of age. With the increase in the senior citizens’ allowance, the monthly expenditure under this title will be Rs 3.90 billion while the annual expenditure will be Rs 46.80 billion.</p> <p> Likewise, the social security allowance for single women has also been increased by Rs 1,000. From July 17, they will receive Rs 2,000 as social security allowance.</p> <p> According to the government data, a total of 2,810,195 citizens are getting social security allowance in the country.</p> <p> The Social Security Act, 2017 has mentioned that senior citizens, people living below the poverty line, terminally disabled, disabled, single women, people from indigenous community, children shall be provided with social security allowance.</p> <p> According to the provisions in the Act, in order to receive the allowance senior citizens from the Dalit community and single women should be 60 years while other senior citizens need to be 70 years. Senior citizens (70 years), Dalit senior citizen (60 years), senior citizen from Karnali Province (60 years) and single women (60 years) have been receiving social security allowance.</p> <p> According to the budget announced for the fiscal year 2019/20, the government has decided to provide health insurance of up to 100,000 for senior citizens as well as single women.</p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10555', 'image' => '20190531021713_Budget.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '10808', 'article_category_id' => '1', 'title' => '“India-Nepal Business Summit” Held in Bhopal for Deepening Regional Economic Cooperation', 'sub_title' => '', 'summary' => 'May 31: The “India-Nepal Business Summit” was held in Bhopal on May 30 to enhance the business relation between the two countries. ', 'content' => '<p> May 31: The “India-Nepal Business Summit” was held in Bhopal on May 30 to enhance the business relation between the two countries. According to the organiser, the summit essentially focused on the sectors where India-Nepal co-operation can be further boosted to achieve the desired goals for Nepal’s economic development in sectors like energy, infrastructure, tourism, agriculture, food processing, skill development, start-ups and services.</p> <p> The inaugural session centered on the theme, “Roadmaps for Accelerating Inclusive Sub-regional Economic Growth”. In his welcome address, KV Rajan, chairman of India-Nepal Centre, PHDCCI laid focus on the fact that both the countries have advantage of political stability and the economic priorities thus be shaped through the strong fundamentals for reshaping the bilateral as well regional economic cooperation. </p> <p> Nepalese Ambassador to India, Nilambar Acharya, said, “It is a great pleasure to learn that after joint efforts of Embassy of Nepal in New Delhi and the PHDCCI "India-Nepal Business Summit" is being organized in this historic and beautiful city of Bhopal, the capital city of Madhya Pradesh, the heart of India, about trade, investment and business opportunities in Nepal. I am confident that the presentations to be made, panel discussions, networking and interaction sessions to be made here will be fruitful in highlighting trade, investment and other economic opportunities in Nepal.”</p> <p> Akhilesh Mishra, director general of Indian Council of Cultural Relations (ICCR), gave the keynote speech and recounted the benefits of people-to-people relations India and Nepal enjoy and that make their understanding unmatchable. He pointed out that India and Nepal have immense opportunities through their social and cultural connection and which should support the economic cooperation to stay in thriving state.</p> <p> Tirtha Poudel, Counsellor at the Embassy of Nepal, gave a presentation on the opportunities available in Nepal for institutional investment through the existing and new businesses. He reflected on the policies and possibilities Nepal relentlessly offer to the investors, especially from India.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10554', 'image' => '20190531034612_II.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '10802', 'article_category_id' => '1', 'title' => 'More than Thousand Climbers Perish in Mountains in a Century', 'sub_title' => '', 'summary' => 'May 31: Ever since the mountains of Nepal were opened for expedition some 114 years ago, a total of 1097 people have lost their lives in their bid to climb mountains in country, which is a home to some of the towering peaks of the world including the highest mountain – Mt Everest.', 'content' => '<p> May 31: Ever since the mountains of Nepal were opened for expedition some 114 years ago, a total of 1097 people have lost their lives in their bid to climb mountains in country, which is a home to some of the towering peaks of the world including the highest mountain – Mt Everest.</p> <p> The death toll includes expedition members climbing mountains above 5,000 metres. Some died while trying to climb while others died on their way back from the summit, according to government authorities.</p> <p> During this climbing season, altogether 17 climbers died on different mountains including Everest, Kanchenjunga, Makalu and Lhotse between May 14 to 27.</p> <p> The spring season is considered the best season for climbing mountains because of the favourable weather conditions. However, the number of casualties is high during this very season, according to the data provided by the Department of Tourism.</p> <p> Climbers also attempt climbing mountains during the autumn season.</p> <p> The first ever death while climbing mountain in Nepal was recorded in 1905. However, the identities of the climbers who died while climbing Mt Kanchenjunga have not been ascertained yet. The department has proper records of the deaths that occurred in expedition from 1921 onward.</p> <p> Stakeholders say that most of the casualties occur due to inadequate preparation and natural calamities.</p> <p> “The climbers are themselves to blame for the deaths,” said Phurba Tenzing Sherpa, who has climbed Everest 14 times.</p> <p> According to Sherpa, inadequate training accounts for more deaths than adverse weather condition and traffic jam on Everest.</p> <p> He says that climbers must first succeed in climbing small peaks and then only attempt climbing Everest or other high mountains.</p> <p> “Just paying the royalty is not enough. One needs proper training to climb the highest mountains,” said Sherpa.</p> <p> Santabir Lama, chairman of Nepal Mountaineering Association, also says that many climbers who want instant fame end up being killed in the unforgiving terrain of the mountains due to lack of adequate preparation.</p> <p> The government should not give climbing permits just because the foreigners are willing to pay hefty amount, argues Lama.</p> <p> “If the government sets clear criteria for climbing, it will surely bring down the death toll.”</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10553', 'image' => '20190531015151_MoFA Mt._Everest2.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '10801', 'article_category_id' => '1', 'title' => 'Renowned Businessman Prabhakar Rana No More', 'sub_title' => '', 'summary' => 'May 31: Chairman Emeritus of Soaltee Crowne Plaza Prabhakar Shumsher Rana passed away while undergoing treatment in the United States on Thursday. ', 'content' => '<p> May 31: Chairman Emeritus of Soaltee Crowne Plaza Prabhakar Shumsher Rana passed away while undergoing treatment in the United States on Thursday. He was 84.</p> <p> Rana, a renowned businessman and a “pioneer” entrepreneur in Nepal’s tourism industry, died of heart attack in a New York-based hospital, according to his family sources. He was admitted to the hospital about a year ago.</p> <p> Rana, a versatile businessman, was engaged in multiple sectors like tourism, hospitality, trade, hydropower and automobiles.</p> <p> He was also the founder of Sipradi Trading, which is the authorised distributor of Tata Motors in Nepal. He is also the chairman of Surya Nepal.</p> <p> His company owns a large portion of shares of Bhotekoshi Hydropower Project.</p> <p> According to the website of Soaltee Hotel, Rana was educated in India where he earned a Bachelor of Arts (first class with honours) degree from the esteemed Patna University.</p> <p> He was a trustee of the American Himalayan Foundation and a global member of the International Council of the Asia Society, New York.</p> <p> In recognition of his exceptional leadership and vision, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) had honoured Rana with the prestigious Lifetime Achievement Award in 2013.</p> <p> According to his family sources, his final rites will be performed in New York.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '10552', 'image' => '20190531013311_Clipboard01.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '10800', 'article_category_id' => '1', 'title' => 'Finance Minister Defends Constituency Development Fund', 'sub_title' => '', 'summary' => 'May 31: Finance Minister Yuba Raj Khatiwada has defended the government’s decision to increase the budget for the Constituency Development Fund. ', 'content' => '<p> May 31: Finance Minister Yuba Raj Khatiwada has defended the government’s decision to increase the budget for the Constituency Development Fund. The government had increased the fund provided to each elected lawmaker under the first-past-the-post category from Rs 40 million to Rs 60 million.</p> <p> “The government cannot deprive the people’s representatives from development budget,” said Khatiwada, adding, “We chose a system with elected representatives who took part in the election with the agenda of development.”</p> <p> Speaking at an interaction held at the Ministry of Finance, Minister Khatiwada said, “People’s representatives are the ones who represent the people’s desire, their mandate.”</p> <p> Finance Minister Khatiwada said that the elected lawmakers have been given the authority only to select and monitor the development projects under the local level infrastructure development partnership programme while the implementation of the projects will be done by the local levels.</p> <p> He further said that everyone must be careful not to allow the misuse of the funds allocated for the constituency development.</p> <p> “How can the people participate without the participation of their elected representatives?” questioned Khatiwada.</p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10551', 'image' => '20190531123638_finmin.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '10799', 'article_category_id' => '1', 'title' => 'Market Watch of May 30 (Thursday) ', 'sub_title' => '', 'summary' => '', 'content' => '<p style="text-align: center;"> <strong>Pic. Showing NEPSE Candle Stick Chart</strong></p> <p> <strong>Current Price (CMP): 1319.47</strong></p> <p> <strong>OHLC Update of 16<sup>th</sup> Jestha:</strong></p> <p style="margin-left: 40px;"> O: 1313.88<br /> H: 1349.38<br /> L: 1313.88<br /> C: 1319.47</p> <p> <strong>Pivot for 19<sup>th</sup> Jestha: </strong></p> <table border="1" cellpadding="0" cellspacing="0" style="width:632px;" width="632"> <tbody> <tr> <td style="width:79px;height:34px;"> <p style="text-align: center;"> <strong>S3</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>S2</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>S1</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>Pivot</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>R1</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>R2</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>R3</strong></p> </td> </tr> <tr> <td style="width:79px;height:34px;"> <p style="text-align: center;"> <strong>1,270.27</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,292.08</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,305.77</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,327.58</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,341.27</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,363.08</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,376.77</strong></p> </td> </tr> </tbody> </table> <div style="clear:both;"> </div> <p> <strong>OHLC Update of 3<sup>rd</sup> week of Jestha:</strong></p> <p style="margin-left: 40px;"> O: 1314.55<br /> H: 1349.38<br /> L: 1309.90<br /> C: 1319.47</p> <p> <strong>Pivot for the 4<sup>th</sup> Week of Jestha: </strong></p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:84px;height:28px;"> <p style="text-align: center;"> <strong>S3</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>S2</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>S1</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>Pivot</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>R1</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>R2</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>R3</strong></p> </td> </tr> <tr> <td style="width:84px;height:37px;"> <p style="text-align: center;"> <strong>1,263.64</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,286.77</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,303.12</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,326.25</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,342.6</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,365.73</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,382.08</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Pivot for Month of Jestha: </strong></p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:79px;"> <p style="text-align: center;"> <strong>S3</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>S2</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>S1</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>Pivot</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>R1</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>R2</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>R3</strong></p> </td> </tr> <tr> <td style="width:79px;"> <p style="text-align: center;"> <strong>1,082.82</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,132.34</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,223.9</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,273.42</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,364.98</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,414.5</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,506.06</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Turnover Update:</strong></p> <p style="margin-left: 40px;"> On Month of Baisakh: 1,803.05 Crores<br /> Volume of this week (29<sup>th</sup> Baisakh – 2<sup>nd</sup> Jestha): NRs. 494.93 Crores<br /> Volume of 2<sup>nd</sup> Week of Jestha: NRs. 502.44 Crores<br /> Volume of 3<sup>rd</sup> Week of Jestha: NRs. 433.14 Crores<br /> 15<sup>th</sup> Jestha: Nrs. 90.08 Crores<br /> 16<sup>th</sup> Jestha: Nrs. 152.81 Crores</p> <p> <strong>Commentary:</strong></p> <p> 1. Today market has remained positive throughout the day. Along with the market other sub indices are also positive. NEPSE Market has gained 0.43% likewise Sensitive also gained 0.44%.</p> <p> 2. NEPSE Market made its high during the first hour and the opening point was the lowest point for the day.</p> <p> 3. The volume today has increased in comparison to that of yesterday volume. </p> <p> 4. Out of 11 Sub-indices only 4 of them are positive. Today at the ending of this week there is no any noticeable gains or loss of the sub- indices.</p> <p> 5. The CMP of 16<sup>th</sup> Jestha is above the pivot of 16<sup>th</sup> Jestha and the monthly pivot but below the weekly pivot.</p> <p> 6. Both of the Sensitive and NEPSE Market had same kind of movement throughout the day.</p> <p> <strong>Top 5 Scrips by turnovers:</strong></p> <table border="1" cellpadding="0" cellspacing="0" width="602"> <tbody> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>Scrips</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>Turnover</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>Closing Price</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>SHIVM</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 17.19 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>661</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>NBL</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 16.61 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>339</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>PRVU</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 10.99 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>284</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>UPPER</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 9.22 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>293</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>NCCB</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 6.25 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>284</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Top 5 Gainers: </strong></p> <table border="1" cellpadding="0" cellspacing="0" width="602"> <tbody> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>Scrips</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>LTP</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>Point Change</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>HURJA</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>160</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>18</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>RRHP</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>104</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>8</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>NICGF</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>9.79</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>1</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>GRDBL</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>124</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>7</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>WMBF</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>92</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>5</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Top 5 Losers: </strong></p> <table border="1" cellpadding="0" cellspacing="0" width="602"> <tbody> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>Scrips</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>LTP</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>Point Change</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>PPCL</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>163</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-18</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>NMFBS</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>1,540</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-82</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>KNBL</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>162</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-8</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>BFC</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>103</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-5</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>MSMBS</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>485</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-23</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Sector Wise Summary: </strong></p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:160px;height:33px;"> <p style="text-align: center;"> <strong>Sector</strong></p> </td> <td style="width:160px;height:33px;"> <p style="text-align: center;"> <strong>Turnover Values</strong></p> </td> <td style="width:160px;height:33px;"> <p style="text-align: center;"> <strong>Turnover volume</strong></p> </td> <td style="width:160px;height:33px;"> <p style="text-align: center;"> <strong>Total Transaction</strong></p> </td> </tr> <tr> <td style="width:160px;height:29px;"> <p style="text-align: center;"> <strong>Commercial Banks</strong></p> </td> <td style="width:160px;height:29px;"> <p style="text-align: center;"> <strong>NRs. 82.01 Crores</strong></p> </td> <td style="width:160px;height:29px;"> <p style="text-align: center;"> <strong>2,759,183</strong></p> </td> <td style="width:160px;height:29px;"> <p style="text-align: center;"> <strong>6,598</strong></p> </td> </tr> <tr> <td style="width:160px;height:34px;"> <p style="text-align: center;"> <strong>Finance</strong></p> </td> <td style="width:160px;height:34px;"> <p style="text-align: center;"> <strong>NRs. 1.42 Crores</strong></p> </td> <td style="width:160px;height:34px;"> <p style="text-align: center;"> <strong>110,638</strong></p> </td> <td style="width:160px;height:34px;"> <p style="text-align: center;"> <strong>270</strong></p> </td> </tr> <tr> <td style="width:160px;"> <p style="text-align: center;"> <strong>Hotels</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>NRs. 1.93 Crores</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>43,688</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>148</strong></p> </td> </tr> <tr> <td style="width:160px;"> <p style="text-align: center;"> <strong>Manufacturing And Processing</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>NRs. 17.74 Crores</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>258,084</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>1,362</strong></p> </td> </tr> <tr> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>Others</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>NRs. 5.30 Crores</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>98,167</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>272</strong></p> </td> </tr> <tr> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>Hydro Power</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>NRs. 15.96 Crores</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>595,017</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>3,435</strong></p> </td> </tr> <tr> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>Non Life Insurance</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>NRs. 6.76 Crores</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>93,861</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>762</strong></p> </td> </tr> <tr> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>Development Banks</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>NRs. 7.45 Crores</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>393,196</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>1,053</strong></p> </td> </tr> <tr> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>Mutual Fund</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>NRs. 0.34 Crores</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>346,196</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>95</strong></p> </td> </tr> <tr> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>Promoter Share</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>NRs. 2.02 Crores</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>36,411</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>86</strong></p> </td> </tr> </tbody> </table> <p style="text-align: center;"> <img alt="" src="/app/webroot/userfiles/images/s%289%29.JPG" style="width: 745px; height: 475px;" /></p> <p style="text-align: center;"> <strong>c. Showing Sensitive Candle Stick Chart</strong></p> <p> <strong>Analysis: </strong></p> <p> 1. The CMP of 16<sup>th</sup> Jestha is below the Pivot of 19<sup>th</sup> Jestha and the volume is higher than that of the last traded volume. Analyzing this we can say that the market might enter into Bullish trend. Today at some point market showed the potential to break the prevailing choppy trend but was unsuccessful later on.</p> <p> 2.Observing the candle stick patterns of today, it is “Inverted Hammer”. Observing the candle stick patterns of past days we see the formation of “Shooting Star/ Gravestone Doji”.</p> <p> 3. An Inverted Hammer pattern forms when the buyers push the stock price higher against the sellers. The pattern reflects buying interest for technical, psychological, or fundamental reasons. When the pattern forms in a downtrend, it suggests a possible market bottom or change in trend. So, it’s one of the reversal patterns.</p> <p> 4. Market still now is in the Choppy trend ranging 1300 to 1320 in order to make new high market needs to cross 1320 or for new low it must go below 1320.</p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '10550', 'image' => '20190531112533_n.JPG', 'article_date' => '2019-05-31 00:00:00', 'homepage' => true, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '22' ) ), (int) 9 => array( 'Article' => array( 'id' => '10798', 'article_category_id' => '1', 'title' => 'Government Targets Economic Growth of 8.5 Percent', 'sub_title' => '', 'summary' => 'May 30: The government has targeted an economic growth of 8.5 percent in the upcoming fiscal year. ', 'content' => '<p> May 30: The government has targeted an economic growth of 8.5 percent in the upcoming fiscal year. Finance Minister Yuba Raj Khatiwada made the announcement while unveiling Rs 1.53 trillion budget for the FY 2019/20 at the parliament building on Wednesday, May 29.</p> <p> According to the finance minister, the government has given high priority to uplift the backward regions, groups and communities. The government has also focused on increasing productivity.</p> <p> Likewise, the government has announced Public Private Partnership for creating job opportunities and increasing income-generating opportunities.</p> <p> The budget has also given priority to health and education sectors as well as infrastructure development for drinking water facility, industries, tourism and agriculture.</p> <p> The finance minister also said that the government will ensure that the stalled projects will be resumed in the upcoming fiscal year.</p> <p> <strong>Budget for Province and Local Levels</strong></p> <p> The government has allocated equalization grants of Rs 55.30 billion for the provincial governments and Rs 89.95 for the local governments across the country.</p> <p> Likewise, the federal government will be providing conditional grants of Rs 44.55 billion to the provinces and Rs 123.87 billion to the local levels. Likewise, the supplementary grant for the provincial and local levels is Rs 10 billion.</p> <p> <strong>Sector-wise Budget</strong></p> <p> <strong><img alt="" src="/app/webroot/userfiles/images/asdfff.jpg" style="width: 545px; height: 409px;" /></strong></p> <p> The government has allocated Rs 163.76 billion for the education, science and technology sector. The budget for developing roadways, railways and waterways is Rs 163.52 billion. Likewise, the health and population sector will get Rs 68.78 billion.</p> <p> The budget allocated for drinking water and sanitation is Rs 43.46 billion.</p> <p> The Ministry of Agriculture and Livestock will get Rs 34.80 billion in the upcoming fiscal year. Likewise, the government has allocated Rs 7.69 billion for the Ministry of Land Management and Cooperatives,Rs 2.68 billion for the Ministry of Tourism, Rs 11.74 billion for the Ministry of Commerce, Industry and Supplies, and Rs 83.49 billion for the Ministry of Energy.</p> <p> Likewise, the each of the parliamentarian elected through the first-past-the-post category will get Rs 60 million under the constituency development fund.</p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10549', 'image' => '20190530023709_adf.jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '10797', 'article_category_id' => '237', 'title' => 'Huawei Allays Consumer Concerns Following Google Ban', 'sub_title' => '', 'summary' => 'May 30: As the fallout from Google’s decision to ban Huawei gains momentum, the company held a press meet on May 28th to reassure worried customers and to outline their plans for the future.', 'content' => '<p> May 30: As the fallout from Google’s decision to ban Huawei gains momentum, the company held a press meet on May 28th to reassure worried customers and to outline their plans for the future.</p> <p> Earlier this month, Google followed through on US President Donald Trump’s executive order to ban Huawei from US shores, essentially crippling future Huawei devices. Under the ban, Huawei devices will lose access to several critical Google services such as Google Play Store, Google Maps, YouTube, Gmail, among others. However, Huawei will still be able to access Google’s proprietary operating system, Android, under the Android Open Source Project.</p> <p> Understandably, this has lead to a steep decline in sales of Huawei devices across the world, and now, the fallout has found its way to Nepal as retailers report that sales of Huawei devices have dwindled.</p> <p> During the press meet, chaired by Joyas Zhu, country director, Huawei Nepal, the company reassured consumers that they are working on a Plan B.</p> <p> “We will coordinate with other companies to come up with a solution. If Huawei launches a product, the consumers don’t need to worry. We will work hard on the solution,” said Zhu.</p> <p> Also present at the meet was Pulkit Bhimsaria, director of Call Mobility, Huawei’s authorised smartphone distributor in Nepal. Bhimsaria confirmed that sales had taken a significant hit following the ban. “If you ask me as a distributor, I can honestly tell you that we have lost around 50 smartphone sales per day,” said Bhimsaria.</p> <p> However, he mentioned that not all customers are equally concerned about the ban. “Just yesterday we had two customers who bought Mate 20 Pro, they said, ‘we don’t care, and we know something better will happen soon,’” Bhimsaria added.<br /> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10548', 'image' => '20190530012600_image.jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '10796', 'article_category_id' => '1', 'title' => 'Government Allocates Rs 173 billion for Transportation', 'sub_title' => '', 'summary' => 'May 30: The government has allocated Rs 173 billion to the country’s transportation sector for the upcoming fiscal year 2019/20.', 'content' => '<p> May 30: The government has allocated Rs 173 billion to the country’s transportation sector for the upcoming fiscal year 2019/20. Finance Minister Yuba Raj Khatiwada made the announcement while unveiling the new budget on Wednesday, May 29.</p> <p> The government has allocated Rs 163 billion for the construction of roads, railways and waterways. Likewise, Rs 7.70 billion has been separated for the operation of rail and metro-rail in Kathmandu.</p> <p> <strong>Compulsory e-card for bus fare </strong></p> <p> The government is arranging electronic card (e-card) for paying bus fare by establishing Transport Authority within the next fiscal year. The new budget has also stressed on public transportation by encouraging big buses and banning the existing transport cartels. Likewise the budget has also emphasized on installing charging stations to promote electric vehicles across the country.</p> <p> In order to manage transportation, the government will also be establishing ‘test centers’ in the capitals of all seven provinces of the country. For this, Rs 1.53 billion has been allocated, said Finance Minister Khatiwada.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10547', 'image' => '20190530011559_electric bus for short destination_from sajha yatayat.jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '10795', 'article_category_id' => '1', 'title' => 'New Budget Prioritizes Industries and Businesses', 'sub_title' => '', 'summary' => 'May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. ', 'content' => '<p> May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. The government has brought a policy to promote domestic garment industry through the new budget.</p> <p> Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p> <p> The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p> <p> Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p> <p> Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p> <p> “The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p> <p> <strong>Continuous Effort but Poorly Implemented </strong></p> <p> The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented. </p> <p> <strong>Prioritising Basic Infrastructure </strong></p> <p> In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p> <p> <strong>Producing Industrialist from Iron Mine</strong></p> <p> The iron mine at Dhaubadi of Nawalparasi will start commercial production of iron from the upcoming fiscal year. Likewise, the government is also plans to unearth precious stones in Surkhet and process them, according the finance minister.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10546', 'image' => '20190530010232_sej pic (2).jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '10794', 'article_category_id' => '1', 'title' => 'Government Staffers to Get up to 20 Percent Salary Hike', 'sub_title' => '', 'summary' => 'May 30: The government has announced an increase in salary of civil servants for the upcoming fiscal year.', 'content' => '<p> May 30: The government has announced an increase in salary of civil servants for the upcoming fiscal year. While unveiling the budget on Wednesday, Finance Minister Yuba Raj Khatiwada said that the salary of government staffers will be increased by 18 to 20 percent.</p> <p> According to the finance minister, the salary of non-gazetted officers will be increased by 20 percent while that of the gazetted officers will be hiked by 18 percent.</p> <p> The civil servants had been demanding a salary hike between 15 to 25 percent.</p> <p> The finance minister said that the salary of all civil servants including government staffers, security personnel as well as teachers has been increased.</p> <p> The increase in salary will be implemented from the starting of the upcoming fiscal year.</p> <p> The current salary of the chief secretary is Rs 55,200. With the increase in salary, the chief secretary will get Rs 65,136. Likewise, the salary of government secretaries will now be Rs 60,675 and that of the joint secretaries will be Rs 47,377. Under-secretaries and section officers will now on receive Rs 40,378 and Rs 35,990 respectively. Other non-gazetted officers will get between Rs 26,000 and Rs 28,000 while the salary of officer helper will be between Rs 19,000 and Rs 26,000</p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10545', 'image' => '20190530124323_1 (2).jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '10793', 'article_category_id' => '1', 'title' => 'Prices of Petroleum Products, Luxurious Goods, Alcohols Likely to Rise', 'sub_title' => '', 'summary' => 'May 30: The government has decided to charge an additional Rs 1 tax on all kinds of petroleum products under the heading of road development charge in fiscal year 2019/20. ', 'content' => '<p> May 30: The government has decided to charge an additional Rs 1 tax on all kinds of petroleum products under the heading of road development charge in fiscal year 2019/20. The additional tax will result in the rise of the prices of petroleum products.</p> <p> Previously, the government had been collecting Rs 4 from petrol and Rs 3 tax from diesel as road development charge. </p> <p> Meanwhile, the budget announced on Wednesday, May 29, states that taxes on alcohols and luxurious goods have been increased by the government.</p> <p> The increase in customs duty is likely to raise the price of the goods in the upcoming fiscal year.</p> <p> The prices of tobacco, cigarettes and alcohols are expected to rise due to the increase in the customs duty.</p> <p> The government decided to increase the customs duty of alcoholic beverages and tobacco under its policy to increase taxes on goods that are harmful for public health.</p> <p> The tax on import of vehicles has remained unchanged and the prices of vehicles will remain as it is in the market. Likewise, the prices of the cell phones are likely to reduce. Tax on import of cell phones has been reduced to 2.5 percent in the new fiscal year budget. Previously, the government had been charging 5 percent tax on import of cell phones. </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10544', 'image' => '20190530121712_aaaa.jpg', 'article_date' => '2019-05-30 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
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '10806', 'article_category_id' => '266', 'title' => 'Mamagoto Opens its Outlet in Kathmandu', 'sub_title' => '', 'summary' => 'May 31: India’s popular pan-Asian restaurant chain, Mamagoto, founded by Azure Hospitality, has opened its first international outpost in Kathmandu.', 'content' => '<div> May 31: India’s popular pan-Asian restaurant chain, Mamagoto, founded by Azure Hospitality, has opened its first international outpost in Kathmandu.</div> <div> </div> <div> After a successful run for a decade across nine cities in India, Mamagoto said it expanded its network to Nepal.</div> <div> </div> <div> Mamagoto, which literally translates into "play with food", is a fusion pan-Asian café with a relaxed and casual atmosphere, where affordable Asian cuisine and handcrafted cocktails are available.</div> <div> </div> <div> The interiors of the 4200 square feet restaurant are carefully divided into a cozy indoor section for dining and a beautiful outdoors for lounging, with a seating capacity of 125.</div> <div> </div> <div> The menu at Mamagoto showcases dishes that are principally of Asian origins, and focuses mainly on the regional cuisines of China, Thailand and Japan (including a few popular choices from Indonesia, Burma and Malaysia).</div> <div> </div> <div> Mamagoto’s outlet based in Lazimpat was inaugurated on May 26.</div> <div> </div> <div> </div> <div> </div> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10558', 'image' => '20190531032541_Mamagoto0.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '10805', 'article_category_id' => '1', 'title' => 'Government hasn’t Prioritized Visit Nepal Year 2020: HAN', 'sub_title' => '', 'summary' => 'May 31: Hotel Association of Nepal (HAN) has expressed mixed reaction to the new budget unveiled recently by the finance minister for the upcoming fiscal year 2019/20. ', 'content' => '<p> May 31: Hotel Association of Nepal (HAN) has expressed mixed reaction to the new budget unveiled recently by the finance minister for the upcoming fiscal year 2019/20. HAN has appreciated the budget allocation for the tourism sector but has said that the government has not given priority to the ‘Visit Nepal Year 2020’.</p> <p> HAN claimed that the government has failed to bring budget and programmes as expected to make the Visit Nepal Year more fruitful. Nevertheless, it said that the government’s plan to develop MICE tourism, adventure tourism, agro tourism, rural tourism is praiseworthy.</p> <p> The association has also urged the government to promote traditional Nepali cuisine in flights carried by the national flag carrier of Nepal and during official functions and feasts organised by Nepal’s embassies abroad.</p> <p> It also suggested the government to implement its programme related to upgrading airports, and national highways. </p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10557', 'image' => '20190531031100_Visit-Nepal-2020-Logo.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '10804', 'article_category_id' => '266', 'title' => 'Explore Earth Movers Partners with Volvo Penta', 'sub_title' => '', 'summary' => 'May 31: Explore Earth Movers Pvt Ltd, the authorized distributor of Volvo construction equipment in Nepal, has partnered with Volvo Penta, a manufacturer and supplier of engines for heavy equipment. The partnership agreement signed on Thursday, May 30, is believed to strengthen the market presence of Volvo Penta in Nepal.', 'content' => '<p> May 31: Explore Earth Movers Pvt Ltd, the authorized distributor of Volvo construction equipment in Nepal, has partnered with Volvo Penta, a manufacturer and supplier of engines for heavy equipment. The partnership agreement signed on Thursday, May 30, is believed to strengthen the market presence of Volvo Penta in Nepal.</p> <p> With this, Explore Earth Movers has become the authorised importer and distributor of Volvo Penta in Nepal.</p> <p> Sushil Shrestha, managing director of the company, said, “We are extremely delighted to partner with Volvo Penta. With our expertise as a diversified business group, we are certain to strengthen our support to customers in Nepal.” Shrestha further said it is possible to operate passenger ships in the country.</p> <p> Explore Earth Movers is the trading company under Panchakanya Group. Shreshta said, within its short period of establishment, the company could make annual turnover of Rs 1.10 billion in last fiscal year (2017/18) with the support of Panchakanya Group.</p> <p> “With this setup, we are confident of offering enhanced sales and service support to our customers thereby increasing customers satisfaction,” said Miron Thoms, Vice President of Volvo Penta, India.</p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10556', 'image' => '20190531022559_aaa.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '10803', 'article_category_id' => '1', 'title' => 'Social Security Allowance for Senior Citizens Increased to Rs 3,000', 'sub_title' => '', 'summary' => 'May 31: The government has decided to increase the social security allowance for senior citizens by Rs 1,000 effective from fiscal year 2019/20.', 'content' => '<p> May 31: The government has decided to increase the social security allowance for senior citizens by Rs 1,000 effective from fiscal year 2019/20. The senior citizens who are above 70 years used to get Rs 2,000 which has now been increased to Rs 3,000. The increased allowance for senior citizen will come into effect from July 17.</p> <p> While presenting the budget for the upcoming fiscal year in the parliament on Wedensday, Finance Minister Yuba Raj Khatiwada informed that there are around 1.3 million senior citizens in Nepal who are above 70 years of age. With the increase in the senior citizens’ allowance, the monthly expenditure under this title will be Rs 3.90 billion while the annual expenditure will be Rs 46.80 billion.</p> <p> Likewise, the social security allowance for single women has also been increased by Rs 1,000. From July 17, they will receive Rs 2,000 as social security allowance.</p> <p> According to the government data, a total of 2,810,195 citizens are getting social security allowance in the country.</p> <p> The Social Security Act, 2017 has mentioned that senior citizens, people living below the poverty line, terminally disabled, disabled, single women, people from indigenous community, children shall be provided with social security allowance.</p> <p> According to the provisions in the Act, in order to receive the allowance senior citizens from the Dalit community and single women should be 60 years while other senior citizens need to be 70 years. Senior citizens (70 years), Dalit senior citizen (60 years), senior citizen from Karnali Province (60 years) and single women (60 years) have been receiving social security allowance.</p> <p> According to the budget announced for the fiscal year 2019/20, the government has decided to provide health insurance of up to 100,000 for senior citizens as well as single women.</p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10555', 'image' => '20190531021713_Budget.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '10808', 'article_category_id' => '1', 'title' => '“India-Nepal Business Summit” Held in Bhopal for Deepening Regional Economic Cooperation', 'sub_title' => '', 'summary' => 'May 31: The “India-Nepal Business Summit” was held in Bhopal on May 30 to enhance the business relation between the two countries. ', 'content' => '<p> May 31: The “India-Nepal Business Summit” was held in Bhopal on May 30 to enhance the business relation between the two countries. According to the organiser, the summit essentially focused on the sectors where India-Nepal co-operation can be further boosted to achieve the desired goals for Nepal’s economic development in sectors like energy, infrastructure, tourism, agriculture, food processing, skill development, start-ups and services.</p> <p> The inaugural session centered on the theme, “Roadmaps for Accelerating Inclusive Sub-regional Economic Growth”. In his welcome address, KV Rajan, chairman of India-Nepal Centre, PHDCCI laid focus on the fact that both the countries have advantage of political stability and the economic priorities thus be shaped through the strong fundamentals for reshaping the bilateral as well regional economic cooperation. </p> <p> Nepalese Ambassador to India, Nilambar Acharya, said, “It is a great pleasure to learn that after joint efforts of Embassy of Nepal in New Delhi and the PHDCCI "India-Nepal Business Summit" is being organized in this historic and beautiful city of Bhopal, the capital city of Madhya Pradesh, the heart of India, about trade, investment and business opportunities in Nepal. I am confident that the presentations to be made, panel discussions, networking and interaction sessions to be made here will be fruitful in highlighting trade, investment and other economic opportunities in Nepal.”</p> <p> Akhilesh Mishra, director general of Indian Council of Cultural Relations (ICCR), gave the keynote speech and recounted the benefits of people-to-people relations India and Nepal enjoy and that make their understanding unmatchable. He pointed out that India and Nepal have immense opportunities through their social and cultural connection and which should support the economic cooperation to stay in thriving state.</p> <p> Tirtha Poudel, Counsellor at the Embassy of Nepal, gave a presentation on the opportunities available in Nepal for institutional investment through the existing and new businesses. He reflected on the policies and possibilities Nepal relentlessly offer to the investors, especially from India.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10554', 'image' => '20190531034612_II.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '10802', 'article_category_id' => '1', 'title' => 'More than Thousand Climbers Perish in Mountains in a Century', 'sub_title' => '', 'summary' => 'May 31: Ever since the mountains of Nepal were opened for expedition some 114 years ago, a total of 1097 people have lost their lives in their bid to climb mountains in country, which is a home to some of the towering peaks of the world including the highest mountain – Mt Everest.', 'content' => '<p> May 31: Ever since the mountains of Nepal were opened for expedition some 114 years ago, a total of 1097 people have lost their lives in their bid to climb mountains in country, which is a home to some of the towering peaks of the world including the highest mountain – Mt Everest.</p> <p> The death toll includes expedition members climbing mountains above 5,000 metres. Some died while trying to climb while others died on their way back from the summit, according to government authorities.</p> <p> During this climbing season, altogether 17 climbers died on different mountains including Everest, Kanchenjunga, Makalu and Lhotse between May 14 to 27.</p> <p> The spring season is considered the best season for climbing mountains because of the favourable weather conditions. However, the number of casualties is high during this very season, according to the data provided by the Department of Tourism.</p> <p> Climbers also attempt climbing mountains during the autumn season.</p> <p> The first ever death while climbing mountain in Nepal was recorded in 1905. However, the identities of the climbers who died while climbing Mt Kanchenjunga have not been ascertained yet. The department has proper records of the deaths that occurred in expedition from 1921 onward.</p> <p> Stakeholders say that most of the casualties occur due to inadequate preparation and natural calamities.</p> <p> “The climbers are themselves to blame for the deaths,” said Phurba Tenzing Sherpa, who has climbed Everest 14 times.</p> <p> According to Sherpa, inadequate training accounts for more deaths than adverse weather condition and traffic jam on Everest.</p> <p> He says that climbers must first succeed in climbing small peaks and then only attempt climbing Everest or other high mountains.</p> <p> “Just paying the royalty is not enough. One needs proper training to climb the highest mountains,” said Sherpa.</p> <p> Santabir Lama, chairman of Nepal Mountaineering Association, also says that many climbers who want instant fame end up being killed in the unforgiving terrain of the mountains due to lack of adequate preparation.</p> <p> The government should not give climbing permits just because the foreigners are willing to pay hefty amount, argues Lama.</p> <p> “If the government sets clear criteria for climbing, it will surely bring down the death toll.”</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10553', 'image' => '20190531015151_MoFA Mt._Everest2.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '10801', 'article_category_id' => '1', 'title' => 'Renowned Businessman Prabhakar Rana No More', 'sub_title' => '', 'summary' => 'May 31: Chairman Emeritus of Soaltee Crowne Plaza Prabhakar Shumsher Rana passed away while undergoing treatment in the United States on Thursday. ', 'content' => '<p> May 31: Chairman Emeritus of Soaltee Crowne Plaza Prabhakar Shumsher Rana passed away while undergoing treatment in the United States on Thursday. He was 84.</p> <p> Rana, a renowned businessman and a “pioneer” entrepreneur in Nepal’s tourism industry, died of heart attack in a New York-based hospital, according to his family sources. He was admitted to the hospital about a year ago.</p> <p> Rana, a versatile businessman, was engaged in multiple sectors like tourism, hospitality, trade, hydropower and automobiles.</p> <p> He was also the founder of Sipradi Trading, which is the authorised distributor of Tata Motors in Nepal. He is also the chairman of Surya Nepal.</p> <p> His company owns a large portion of shares of Bhotekoshi Hydropower Project.</p> <p> According to the website of Soaltee Hotel, Rana was educated in India where he earned a Bachelor of Arts (first class with honours) degree from the esteemed Patna University.</p> <p> He was a trustee of the American Himalayan Foundation and a global member of the International Council of the Asia Society, New York.</p> <p> In recognition of his exceptional leadership and vision, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) had honoured Rana with the prestigious Lifetime Achievement Award in 2013.</p> <p> According to his family sources, his final rites will be performed in New York.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '10552', 'image' => '20190531013311_Clipboard01.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '10800', 'article_category_id' => '1', 'title' => 'Finance Minister Defends Constituency Development Fund', 'sub_title' => '', 'summary' => 'May 31: Finance Minister Yuba Raj Khatiwada has defended the government’s decision to increase the budget for the Constituency Development Fund. ', 'content' => '<p> May 31: Finance Minister Yuba Raj Khatiwada has defended the government’s decision to increase the budget for the Constituency Development Fund. The government had increased the fund provided to each elected lawmaker under the first-past-the-post category from Rs 40 million to Rs 60 million.</p> <p> “The government cannot deprive the people’s representatives from development budget,” said Khatiwada, adding, “We chose a system with elected representatives who took part in the election with the agenda of development.”</p> <p> Speaking at an interaction held at the Ministry of Finance, Minister Khatiwada said, “People’s representatives are the ones who represent the people’s desire, their mandate.”</p> <p> Finance Minister Khatiwada said that the elected lawmakers have been given the authority only to select and monitor the development projects under the local level infrastructure development partnership programme while the implementation of the projects will be done by the local levels.</p> <p> He further said that everyone must be careful not to allow the misuse of the funds allocated for the constituency development.</p> <p> “How can the people participate without the participation of their elected representatives?” questioned Khatiwada.</p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10551', 'image' => '20190531123638_finmin.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '10799', 'article_category_id' => '1', 'title' => 'Market Watch of May 30 (Thursday) ', 'sub_title' => '', 'summary' => '', 'content' => '<p style="text-align: center;"> <strong>Pic. Showing NEPSE Candle Stick Chart</strong></p> <p> <strong>Current Price (CMP): 1319.47</strong></p> <p> <strong>OHLC Update of 16<sup>th</sup> Jestha:</strong></p> <p style="margin-left: 40px;"> O: 1313.88<br /> H: 1349.38<br /> L: 1313.88<br /> C: 1319.47</p> <p> <strong>Pivot for 19<sup>th</sup> Jestha: </strong></p> <table border="1" cellpadding="0" cellspacing="0" style="width:632px;" width="632"> <tbody> <tr> <td style="width:79px;height:34px;"> <p style="text-align: center;"> <strong>S3</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>S2</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>S1</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>Pivot</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>R1</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>R2</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>R3</strong></p> </td> </tr> <tr> <td style="width:79px;height:34px;"> <p style="text-align: center;"> <strong>1,270.27</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,292.08</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,305.77</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,327.58</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,341.27</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,363.08</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,376.77</strong></p> </td> </tr> </tbody> </table> <div style="clear:both;"> </div> <p> <strong>OHLC Update of 3<sup>rd</sup> week of Jestha:</strong></p> <p style="margin-left: 40px;"> O: 1314.55<br /> H: 1349.38<br /> L: 1309.90<br /> C: 1319.47</p> <p> <strong>Pivot for the 4<sup>th</sup> Week of Jestha: </strong></p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:84px;height:28px;"> <p style="text-align: center;"> <strong>S3</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>S2</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>S1</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>Pivot</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>R1</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>R2</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>R3</strong></p> </td> </tr> <tr> <td style="width:84px;height:37px;"> <p style="text-align: center;"> <strong>1,263.64</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,286.77</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,303.12</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,326.25</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,342.6</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,365.73</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,382.08</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Pivot for Month of Jestha: </strong></p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:79px;"> <p style="text-align: center;"> <strong>S3</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>S2</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>S1</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>Pivot</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>R1</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>R2</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>R3</strong></p> </td> </tr> <tr> <td style="width:79px;"> <p style="text-align: center;"> <strong>1,082.82</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,132.34</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,223.9</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,273.42</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,364.98</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,414.5</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,506.06</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Turnover Update:</strong></p> <p style="margin-left: 40px;"> On Month of Baisakh: 1,803.05 Crores<br /> Volume of this week (29<sup>th</sup> Baisakh – 2<sup>nd</sup> Jestha): NRs. 494.93 Crores<br /> Volume of 2<sup>nd</sup> Week of Jestha: NRs. 502.44 Crores<br /> Volume of 3<sup>rd</sup> Week of Jestha: NRs. 433.14 Crores<br /> 15<sup>th</sup> Jestha: Nrs. 90.08 Crores<br /> 16<sup>th</sup> Jestha: Nrs. 152.81 Crores</p> <p> <strong>Commentary:</strong></p> <p> 1. Today market has remained positive throughout the day. Along with the market other sub indices are also positive. NEPSE Market has gained 0.43% likewise Sensitive also gained 0.44%.</p> <p> 2. NEPSE Market made its high during the first hour and the opening point was the lowest point for the day.</p> <p> 3. The volume today has increased in comparison to that of yesterday volume. </p> <p> 4. Out of 11 Sub-indices only 4 of them are positive. Today at the ending of this week there is no any noticeable gains or loss of the sub- indices.</p> <p> 5. The CMP of 16<sup>th</sup> Jestha is above the pivot of 16<sup>th</sup> Jestha and the monthly pivot but below the weekly pivot.</p> <p> 6. Both of the Sensitive and NEPSE Market had same kind of movement throughout the day.</p> <p> <strong>Top 5 Scrips by turnovers:</strong></p> <table border="1" cellpadding="0" cellspacing="0" width="602"> <tbody> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>Scrips</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>Turnover</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>Closing Price</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>SHIVM</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 17.19 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>661</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>NBL</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 16.61 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>339</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>PRVU</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 10.99 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>284</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>UPPER</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 9.22 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>293</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>NCCB</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 6.25 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>284</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Top 5 Gainers: </strong></p> <table border="1" cellpadding="0" cellspacing="0" width="602"> <tbody> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>Scrips</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>LTP</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>Point Change</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>HURJA</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>160</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>18</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>RRHP</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>104</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>8</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>NICGF</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>9.79</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>1</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>GRDBL</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>124</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>7</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>WMBF</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>92</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>5</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Top 5 Losers: </strong></p> <table border="1" cellpadding="0" cellspacing="0" width="602"> <tbody> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>Scrips</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>LTP</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>Point Change</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>PPCL</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>163</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-18</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>NMFBS</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>1,540</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-82</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>KNBL</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>162</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-8</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>BFC</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>103</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-5</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>MSMBS</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>485</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-23</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Sector Wise Summary: </strong></p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:160px;height:33px;"> <p style="text-align: center;"> <strong>Sector</strong></p> </td> <td style="width:160px;height:33px;"> <p style="text-align: center;"> <strong>Turnover Values</strong></p> </td> <td style="width:160px;height:33px;"> <p style="text-align: center;"> <strong>Turnover volume</strong></p> </td> <td style="width:160px;height:33px;"> <p style="text-align: center;"> <strong>Total Transaction</strong></p> </td> </tr> <tr> <td style="width:160px;height:29px;"> <p style="text-align: center;"> <strong>Commercial Banks</strong></p> </td> <td style="width:160px;height:29px;"> <p style="text-align: center;"> <strong>NRs. 82.01 Crores</strong></p> </td> <td style="width:160px;height:29px;"> <p style="text-align: center;"> <strong>2,759,183</strong></p> </td> <td style="width:160px;height:29px;"> <p style="text-align: center;"> <strong>6,598</strong></p> </td> </tr> <tr> <td style="width:160px;height:34px;"> <p style="text-align: center;"> <strong>Finance</strong></p> </td> <td style="width:160px;height:34px;"> <p style="text-align: center;"> <strong>NRs. 1.42 Crores</strong></p> </td> <td style="width:160px;height:34px;"> <p style="text-align: center;"> <strong>110,638</strong></p> </td> <td style="width:160px;height:34px;"> <p style="text-align: center;"> <strong>270</strong></p> </td> </tr> <tr> <td style="width:160px;"> <p style="text-align: center;"> <strong>Hotels</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>NRs. 1.93 Crores</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>43,688</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>148</strong></p> </td> </tr> <tr> <td style="width:160px;"> <p style="text-align: center;"> <strong>Manufacturing And Processing</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>NRs. 17.74 Crores</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>258,084</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>1,362</strong></p> </td> </tr> <tr> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>Others</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>NRs. 5.30 Crores</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>98,167</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>272</strong></p> </td> </tr> <tr> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>Hydro Power</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>NRs. 15.96 Crores</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>595,017</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>3,435</strong></p> </td> </tr> <tr> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>Non Life Insurance</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>NRs. 6.76 Crores</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>93,861</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>762</strong></p> </td> </tr> <tr> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>Development Banks</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>NRs. 7.45 Crores</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>393,196</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>1,053</strong></p> </td> </tr> <tr> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>Mutual Fund</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>NRs. 0.34 Crores</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>346,196</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>95</strong></p> </td> </tr> <tr> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>Promoter Share</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>NRs. 2.02 Crores</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>36,411</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>86</strong></p> </td> </tr> </tbody> </table> <p style="text-align: center;"> <img alt="" src="/app/webroot/userfiles/images/s%289%29.JPG" style="width: 745px; height: 475px;" /></p> <p style="text-align: center;"> <strong>c. Showing Sensitive Candle Stick Chart</strong></p> <p> <strong>Analysis: </strong></p> <p> 1. The CMP of 16<sup>th</sup> Jestha is below the Pivot of 19<sup>th</sup> Jestha and the volume is higher than that of the last traded volume. Analyzing this we can say that the market might enter into Bullish trend. Today at some point market showed the potential to break the prevailing choppy trend but was unsuccessful later on.</p> <p> 2.Observing the candle stick patterns of today, it is “Inverted Hammer”. Observing the candle stick patterns of past days we see the formation of “Shooting Star/ Gravestone Doji”.</p> <p> 3. An Inverted Hammer pattern forms when the buyers push the stock price higher against the sellers. The pattern reflects buying interest for technical, psychological, or fundamental reasons. When the pattern forms in a downtrend, it suggests a possible market bottom or change in trend. So, it’s one of the reversal patterns.</p> <p> 4. Market still now is in the Choppy trend ranging 1300 to 1320 in order to make new high market needs to cross 1320 or for new low it must go below 1320.</p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '10550', 'image' => '20190531112533_n.JPG', 'article_date' => '2019-05-31 00:00:00', 'homepage' => true, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '22' ) ), (int) 9 => array( 'Article' => array( 'id' => '10798', 'article_category_id' => '1', 'title' => 'Government Targets Economic Growth of 8.5 Percent', 'sub_title' => '', 'summary' => 'May 30: The government has targeted an economic growth of 8.5 percent in the upcoming fiscal year. ', 'content' => '<p> May 30: The government has targeted an economic growth of 8.5 percent in the upcoming fiscal year. Finance Minister Yuba Raj Khatiwada made the announcement while unveiling Rs 1.53 trillion budget for the FY 2019/20 at the parliament building on Wednesday, May 29.</p> <p> According to the finance minister, the government has given high priority to uplift the backward regions, groups and communities. The government has also focused on increasing productivity.</p> <p> Likewise, the government has announced Public Private Partnership for creating job opportunities and increasing income-generating opportunities.</p> <p> The budget has also given priority to health and education sectors as well as infrastructure development for drinking water facility, industries, tourism and agriculture.</p> <p> The finance minister also said that the government will ensure that the stalled projects will be resumed in the upcoming fiscal year.</p> <p> <strong>Budget for Province and Local Levels</strong></p> <p> The government has allocated equalization grants of Rs 55.30 billion for the provincial governments and Rs 89.95 for the local governments across the country.</p> <p> Likewise, the federal government will be providing conditional grants of Rs 44.55 billion to the provinces and Rs 123.87 billion to the local levels. Likewise, the supplementary grant for the provincial and local levels is Rs 10 billion.</p> <p> <strong>Sector-wise Budget</strong></p> <p> <strong><img alt="" src="/app/webroot/userfiles/images/asdfff.jpg" style="width: 545px; height: 409px;" /></strong></p> <p> The government has allocated Rs 163.76 billion for the education, science and technology sector. The budget for developing roadways, railways and waterways is Rs 163.52 billion. Likewise, the health and population sector will get Rs 68.78 billion.</p> <p> The budget allocated for drinking water and sanitation is Rs 43.46 billion.</p> <p> The Ministry of Agriculture and Livestock will get Rs 34.80 billion in the upcoming fiscal year. Likewise, the government has allocated Rs 7.69 billion for the Ministry of Land Management and Cooperatives,Rs 2.68 billion for the Ministry of Tourism, Rs 11.74 billion for the Ministry of Commerce, Industry and Supplies, and Rs 83.49 billion for the Ministry of Energy.</p> <p> Likewise, the each of the parliamentarian elected through the first-past-the-post category will get Rs 60 million under the constituency development fund.</p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10549', 'image' => '20190530023709_adf.jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '10797', 'article_category_id' => '237', 'title' => 'Huawei Allays Consumer Concerns Following Google Ban', 'sub_title' => '', 'summary' => 'May 30: As the fallout from Google’s decision to ban Huawei gains momentum, the company held a press meet on May 28th to reassure worried customers and to outline their plans for the future.', 'content' => '<p> May 30: As the fallout from Google’s decision to ban Huawei gains momentum, the company held a press meet on May 28th to reassure worried customers and to outline their plans for the future.</p> <p> Earlier this month, Google followed through on US President Donald Trump’s executive order to ban Huawei from US shores, essentially crippling future Huawei devices. Under the ban, Huawei devices will lose access to several critical Google services such as Google Play Store, Google Maps, YouTube, Gmail, among others. However, Huawei will still be able to access Google’s proprietary operating system, Android, under the Android Open Source Project.</p> <p> Understandably, this has lead to a steep decline in sales of Huawei devices across the world, and now, the fallout has found its way to Nepal as retailers report that sales of Huawei devices have dwindled.</p> <p> During the press meet, chaired by Joyas Zhu, country director, Huawei Nepal, the company reassured consumers that they are working on a Plan B.</p> <p> “We will coordinate with other companies to come up with a solution. If Huawei launches a product, the consumers don’t need to worry. We will work hard on the solution,” said Zhu.</p> <p> Also present at the meet was Pulkit Bhimsaria, director of Call Mobility, Huawei’s authorised smartphone distributor in Nepal. Bhimsaria confirmed that sales had taken a significant hit following the ban. “If you ask me as a distributor, I can honestly tell you that we have lost around 50 smartphone sales per day,” said Bhimsaria.</p> <p> However, he mentioned that not all customers are equally concerned about the ban. “Just yesterday we had two customers who bought Mate 20 Pro, they said, ‘we don’t care, and we know something better will happen soon,’” Bhimsaria added.<br /> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10548', 'image' => '20190530012600_image.jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '10796', 'article_category_id' => '1', 'title' => 'Government Allocates Rs 173 billion for Transportation', 'sub_title' => '', 'summary' => 'May 30: The government has allocated Rs 173 billion to the country’s transportation sector for the upcoming fiscal year 2019/20.', 'content' => '<p> May 30: The government has allocated Rs 173 billion to the country’s transportation sector for the upcoming fiscal year 2019/20. Finance Minister Yuba Raj Khatiwada made the announcement while unveiling the new budget on Wednesday, May 29.</p> <p> The government has allocated Rs 163 billion for the construction of roads, railways and waterways. Likewise, Rs 7.70 billion has been separated for the operation of rail and metro-rail in Kathmandu.</p> <p> <strong>Compulsory e-card for bus fare </strong></p> <p> The government is arranging electronic card (e-card) for paying bus fare by establishing Transport Authority within the next fiscal year. The new budget has also stressed on public transportation by encouraging big buses and banning the existing transport cartels. Likewise the budget has also emphasized on installing charging stations to promote electric vehicles across the country.</p> <p> In order to manage transportation, the government will also be establishing ‘test centers’ in the capitals of all seven provinces of the country. For this, Rs 1.53 billion has been allocated, said Finance Minister Khatiwada.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10547', 'image' => '20190530011559_electric bus for short destination_from sajha yatayat.jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '10795', 'article_category_id' => '1', 'title' => 'New Budget Prioritizes Industries and Businesses', 'sub_title' => '', 'summary' => 'May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. ', 'content' => '<p> May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. The government has brought a policy to promote domestic garment industry through the new budget.</p> <p> Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p> <p> The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p> <p> Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p> <p> Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p> <p> “The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p> <p> <strong>Continuous Effort but Poorly Implemented </strong></p> <p> The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented. </p> <p> <strong>Prioritising Basic Infrastructure </strong></p> <p> In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p> <p> <strong>Producing Industrialist from Iron Mine</strong></p> <p> The iron mine at Dhaubadi of Nawalparasi will start commercial production of iron from the upcoming fiscal year. Likewise, the government is also plans to unearth precious stones in Surkhet and process them, according the finance minister.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10546', 'image' => '20190530010232_sej pic (2).jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '10794', 'article_category_id' => '1', 'title' => 'Government Staffers to Get up to 20 Percent Salary Hike', 'sub_title' => '', 'summary' => 'May 30: The government has announced an increase in salary of civil servants for the upcoming fiscal year.', 'content' => '<p> May 30: The government has announced an increase in salary of civil servants for the upcoming fiscal year. While unveiling the budget on Wednesday, Finance Minister Yuba Raj Khatiwada said that the salary of government staffers will be increased by 18 to 20 percent.</p> <p> According to the finance minister, the salary of non-gazetted officers will be increased by 20 percent while that of the gazetted officers will be hiked by 18 percent.</p> <p> The civil servants had been demanding a salary hike between 15 to 25 percent.</p> <p> The finance minister said that the salary of all civil servants including government staffers, security personnel as well as teachers has been increased.</p> <p> The increase in salary will be implemented from the starting of the upcoming fiscal year.</p> <p> The current salary of the chief secretary is Rs 55,200. With the increase in salary, the chief secretary will get Rs 65,136. Likewise, the salary of government secretaries will now be Rs 60,675 and that of the joint secretaries will be Rs 47,377. Under-secretaries and section officers will now on receive Rs 40,378 and Rs 35,990 respectively. Other non-gazetted officers will get between Rs 26,000 and Rs 28,000 while the salary of officer helper will be between Rs 19,000 and Rs 26,000</p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10545', 'image' => '20190530124323_1 (2).jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '10793', 'article_category_id' => '1', 'title' => 'Prices of Petroleum Products, Luxurious Goods, Alcohols Likely to Rise', 'sub_title' => '', 'summary' => 'May 30: The government has decided to charge an additional Rs 1 tax on all kinds of petroleum products under the heading of road development charge in fiscal year 2019/20. ', 'content' => '<p> May 30: The government has decided to charge an additional Rs 1 tax on all kinds of petroleum products under the heading of road development charge in fiscal year 2019/20. The additional tax will result in the rise of the prices of petroleum products.</p> <p> Previously, the government had been collecting Rs 4 from petrol and Rs 3 tax from diesel as road development charge. </p> <p> Meanwhile, the budget announced on Wednesday, May 29, states that taxes on alcohols and luxurious goods have been increased by the government.</p> <p> The increase in customs duty is likely to raise the price of the goods in the upcoming fiscal year.</p> <p> The prices of tobacco, cigarettes and alcohols are expected to rise due to the increase in the customs duty.</p> <p> The government decided to increase the customs duty of alcoholic beverages and tobacco under its policy to increase taxes on goods that are harmful for public health.</p> <p> The tax on import of vehicles has remained unchanged and the prices of vehicles will remain as it is in the market. Likewise, the prices of the cell phones are likely to reduce. Tax on import of cell phones has been reduced to 2.5 percent in the new fiscal year budget. Previously, the government had been charging 5 percent tax on import of cell phones. </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10544', 'image' => '20190530121712_aaaa.jpg', 'article_date' => '2019-05-30 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
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 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '10806', 'article_category_id' => '266', 'title' => 'Mamagoto Opens its Outlet in Kathmandu', 'sub_title' => '', 'summary' => 'May 31: India’s popular pan-Asian restaurant chain, Mamagoto, founded by Azure Hospitality, has opened its first international outpost in Kathmandu.', 'content' => '<div> May 31: India’s popular pan-Asian restaurant chain, Mamagoto, founded by Azure Hospitality, has opened its first international outpost in Kathmandu.</div> <div> </div> <div> After a successful run for a decade across nine cities in India, Mamagoto said it expanded its network to Nepal.</div> <div> </div> <div> Mamagoto, which literally translates into "play with food", is a fusion pan-Asian café with a relaxed and casual atmosphere, where affordable Asian cuisine and handcrafted cocktails are available.</div> <div> </div> <div> The interiors of the 4200 square feet restaurant are carefully divided into a cozy indoor section for dining and a beautiful outdoors for lounging, with a seating capacity of 125.</div> <div> </div> <div> The menu at Mamagoto showcases dishes that are principally of Asian origins, and focuses mainly on the regional cuisines of China, Thailand and Japan (including a few popular choices from Indonesia, Burma and Malaysia).</div> <div> </div> <div> Mamagoto’s outlet based in Lazimpat was inaugurated on May 26.</div> <div> </div> <div> </div> <div> </div> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10558', 'image' => '20190531032541_Mamagoto0.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '10805', 'article_category_id' => '1', 'title' => 'Government hasn’t Prioritized Visit Nepal Year 2020: HAN', 'sub_title' => '', 'summary' => 'May 31: Hotel Association of Nepal (HAN) has expressed mixed reaction to the new budget unveiled recently by the finance minister for the upcoming fiscal year 2019/20. ', 'content' => '<p> May 31: Hotel Association of Nepal (HAN) has expressed mixed reaction to the new budget unveiled recently by the finance minister for the upcoming fiscal year 2019/20. HAN has appreciated the budget allocation for the tourism sector but has said that the government has not given priority to the ‘Visit Nepal Year 2020’.</p> <p> HAN claimed that the government has failed to bring budget and programmes as expected to make the Visit Nepal Year more fruitful. Nevertheless, it said that the government’s plan to develop MICE tourism, adventure tourism, agro tourism, rural tourism is praiseworthy.</p> <p> The association has also urged the government to promote traditional Nepali cuisine in flights carried by the national flag carrier of Nepal and during official functions and feasts organised by Nepal’s embassies abroad.</p> <p> It also suggested the government to implement its programme related to upgrading airports, and national highways. </p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10557', 'image' => '20190531031100_Visit-Nepal-2020-Logo.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '10804', 'article_category_id' => '266', 'title' => 'Explore Earth Movers Partners with Volvo Penta', 'sub_title' => '', 'summary' => 'May 31: Explore Earth Movers Pvt Ltd, the authorized distributor of Volvo construction equipment in Nepal, has partnered with Volvo Penta, a manufacturer and supplier of engines for heavy equipment. The partnership agreement signed on Thursday, May 30, is believed to strengthen the market presence of Volvo Penta in Nepal.', 'content' => '<p> May 31: Explore Earth Movers Pvt Ltd, the authorized distributor of Volvo construction equipment in Nepal, has partnered with Volvo Penta, a manufacturer and supplier of engines for heavy equipment. The partnership agreement signed on Thursday, May 30, is believed to strengthen the market presence of Volvo Penta in Nepal.</p> <p> With this, Explore Earth Movers has become the authorised importer and distributor of Volvo Penta in Nepal.</p> <p> Sushil Shrestha, managing director of the company, said, “We are extremely delighted to partner with Volvo Penta. With our expertise as a diversified business group, we are certain to strengthen our support to customers in Nepal.” Shrestha further said it is possible to operate passenger ships in the country.</p> <p> Explore Earth Movers is the trading company under Panchakanya Group. Shreshta said, within its short period of establishment, the company could make annual turnover of Rs 1.10 billion in last fiscal year (2017/18) with the support of Panchakanya Group.</p> <p> “With this setup, we are confident of offering enhanced sales and service support to our customers thereby increasing customers satisfaction,” said Miron Thoms, Vice President of Volvo Penta, India.</p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10556', 'image' => '20190531022559_aaa.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '10803', 'article_category_id' => '1', 'title' => 'Social Security Allowance for Senior Citizens Increased to Rs 3,000', 'sub_title' => '', 'summary' => 'May 31: The government has decided to increase the social security allowance for senior citizens by Rs 1,000 effective from fiscal year 2019/20.', 'content' => '<p> May 31: The government has decided to increase the social security allowance for senior citizens by Rs 1,000 effective from fiscal year 2019/20. The senior citizens who are above 70 years used to get Rs 2,000 which has now been increased to Rs 3,000. The increased allowance for senior citizen will come into effect from July 17.</p> <p> While presenting the budget for the upcoming fiscal year in the parliament on Wedensday, Finance Minister Yuba Raj Khatiwada informed that there are around 1.3 million senior citizens in Nepal who are above 70 years of age. With the increase in the senior citizens’ allowance, the monthly expenditure under this title will be Rs 3.90 billion while the annual expenditure will be Rs 46.80 billion.</p> <p> Likewise, the social security allowance for single women has also been increased by Rs 1,000. From July 17, they will receive Rs 2,000 as social security allowance.</p> <p> According to the government data, a total of 2,810,195 citizens are getting social security allowance in the country.</p> <p> The Social Security Act, 2017 has mentioned that senior citizens, people living below the poverty line, terminally disabled, disabled, single women, people from indigenous community, children shall be provided with social security allowance.</p> <p> According to the provisions in the Act, in order to receive the allowance senior citizens from the Dalit community and single women should be 60 years while other senior citizens need to be 70 years. Senior citizens (70 years), Dalit senior citizen (60 years), senior citizen from Karnali Province (60 years) and single women (60 years) have been receiving social security allowance.</p> <p> According to the budget announced for the fiscal year 2019/20, the government has decided to provide health insurance of up to 100,000 for senior citizens as well as single women.</p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10555', 'image' => '20190531021713_Budget.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '10808', 'article_category_id' => '1', 'title' => '“India-Nepal Business Summit” Held in Bhopal for Deepening Regional Economic Cooperation', 'sub_title' => '', 'summary' => 'May 31: The “India-Nepal Business Summit” was held in Bhopal on May 30 to enhance the business relation between the two countries. ', 'content' => '<p> May 31: The “India-Nepal Business Summit” was held in Bhopal on May 30 to enhance the business relation between the two countries. According to the organiser, the summit essentially focused on the sectors where India-Nepal co-operation can be further boosted to achieve the desired goals for Nepal’s economic development in sectors like energy, infrastructure, tourism, agriculture, food processing, skill development, start-ups and services.</p> <p> The inaugural session centered on the theme, “Roadmaps for Accelerating Inclusive Sub-regional Economic Growth”. In his welcome address, KV Rajan, chairman of India-Nepal Centre, PHDCCI laid focus on the fact that both the countries have advantage of political stability and the economic priorities thus be shaped through the strong fundamentals for reshaping the bilateral as well regional economic cooperation. </p> <p> Nepalese Ambassador to India, Nilambar Acharya, said, “It is a great pleasure to learn that after joint efforts of Embassy of Nepal in New Delhi and the PHDCCI "India-Nepal Business Summit" is being organized in this historic and beautiful city of Bhopal, the capital city of Madhya Pradesh, the heart of India, about trade, investment and business opportunities in Nepal. I am confident that the presentations to be made, panel discussions, networking and interaction sessions to be made here will be fruitful in highlighting trade, investment and other economic opportunities in Nepal.”</p> <p> Akhilesh Mishra, director general of Indian Council of Cultural Relations (ICCR), gave the keynote speech and recounted the benefits of people-to-people relations India and Nepal enjoy and that make their understanding unmatchable. He pointed out that India and Nepal have immense opportunities through their social and cultural connection and which should support the economic cooperation to stay in thriving state.</p> <p> Tirtha Poudel, Counsellor at the Embassy of Nepal, gave a presentation on the opportunities available in Nepal for institutional investment through the existing and new businesses. He reflected on the policies and possibilities Nepal relentlessly offer to the investors, especially from India.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10554', 'image' => '20190531034612_II.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '10802', 'article_category_id' => '1', 'title' => 'More than Thousand Climbers Perish in Mountains in a Century', 'sub_title' => '', 'summary' => 'May 31: Ever since the mountains of Nepal were opened for expedition some 114 years ago, a total of 1097 people have lost their lives in their bid to climb mountains in country, which is a home to some of the towering peaks of the world including the highest mountain – Mt Everest.', 'content' => '<p> May 31: Ever since the mountains of Nepal were opened for expedition some 114 years ago, a total of 1097 people have lost their lives in their bid to climb mountains in country, which is a home to some of the towering peaks of the world including the highest mountain – Mt Everest.</p> <p> The death toll includes expedition members climbing mountains above 5,000 metres. Some died while trying to climb while others died on their way back from the summit, according to government authorities.</p> <p> During this climbing season, altogether 17 climbers died on different mountains including Everest, Kanchenjunga, Makalu and Lhotse between May 14 to 27.</p> <p> The spring season is considered the best season for climbing mountains because of the favourable weather conditions. However, the number of casualties is high during this very season, according to the data provided by the Department of Tourism.</p> <p> Climbers also attempt climbing mountains during the autumn season.</p> <p> The first ever death while climbing mountain in Nepal was recorded in 1905. However, the identities of the climbers who died while climbing Mt Kanchenjunga have not been ascertained yet. The department has proper records of the deaths that occurred in expedition from 1921 onward.</p> <p> Stakeholders say that most of the casualties occur due to inadequate preparation and natural calamities.</p> <p> “The climbers are themselves to blame for the deaths,” said Phurba Tenzing Sherpa, who has climbed Everest 14 times.</p> <p> According to Sherpa, inadequate training accounts for more deaths than adverse weather condition and traffic jam on Everest.</p> <p> He says that climbers must first succeed in climbing small peaks and then only attempt climbing Everest or other high mountains.</p> <p> “Just paying the royalty is not enough. One needs proper training to climb the highest mountains,” said Sherpa.</p> <p> Santabir Lama, chairman of Nepal Mountaineering Association, also says that many climbers who want instant fame end up being killed in the unforgiving terrain of the mountains due to lack of adequate preparation.</p> <p> The government should not give climbing permits just because the foreigners are willing to pay hefty amount, argues Lama.</p> <p> “If the government sets clear criteria for climbing, it will surely bring down the death toll.”</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10553', 'image' => '20190531015151_MoFA Mt._Everest2.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '10801', 'article_category_id' => '1', 'title' => 'Renowned Businessman Prabhakar Rana No More', 'sub_title' => '', 'summary' => 'May 31: Chairman Emeritus of Soaltee Crowne Plaza Prabhakar Shumsher Rana passed away while undergoing treatment in the United States on Thursday. ', 'content' => '<p> May 31: Chairman Emeritus of Soaltee Crowne Plaza Prabhakar Shumsher Rana passed away while undergoing treatment in the United States on Thursday. He was 84.</p> <p> Rana, a renowned businessman and a “pioneer” entrepreneur in Nepal’s tourism industry, died of heart attack in a New York-based hospital, according to his family sources. He was admitted to the hospital about a year ago.</p> <p> Rana, a versatile businessman, was engaged in multiple sectors like tourism, hospitality, trade, hydropower and automobiles.</p> <p> He was also the founder of Sipradi Trading, which is the authorised distributor of Tata Motors in Nepal. He is also the chairman of Surya Nepal.</p> <p> His company owns a large portion of shares of Bhotekoshi Hydropower Project.</p> <p> According to the website of Soaltee Hotel, Rana was educated in India where he earned a Bachelor of Arts (first class with honours) degree from the esteemed Patna University.</p> <p> He was a trustee of the American Himalayan Foundation and a global member of the International Council of the Asia Society, New York.</p> <p> In recognition of his exceptional leadership and vision, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) had honoured Rana with the prestigious Lifetime Achievement Award in 2013.</p> <p> According to his family sources, his final rites will be performed in New York.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '10552', 'image' => '20190531013311_Clipboard01.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '10800', 'article_category_id' => '1', 'title' => 'Finance Minister Defends Constituency Development Fund', 'sub_title' => '', 'summary' => 'May 31: Finance Minister Yuba Raj Khatiwada has defended the government’s decision to increase the budget for the Constituency Development Fund. ', 'content' => '<p> May 31: Finance Minister Yuba Raj Khatiwada has defended the government’s decision to increase the budget for the Constituency Development Fund. The government had increased the fund provided to each elected lawmaker under the first-past-the-post category from Rs 40 million to Rs 60 million.</p> <p> “The government cannot deprive the people’s representatives from development budget,” said Khatiwada, adding, “We chose a system with elected representatives who took part in the election with the agenda of development.”</p> <p> Speaking at an interaction held at the Ministry of Finance, Minister Khatiwada said, “People’s representatives are the ones who represent the people’s desire, their mandate.”</p> <p> Finance Minister Khatiwada said that the elected lawmakers have been given the authority only to select and monitor the development projects under the local level infrastructure development partnership programme while the implementation of the projects will be done by the local levels.</p> <p> He further said that everyone must be careful not to allow the misuse of the funds allocated for the constituency development.</p> <p> “How can the people participate without the participation of their elected representatives?” questioned Khatiwada.</p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '10551', 'image' => '20190531123638_finmin.jpg', 'article_date' => '2019-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '10799', 'article_category_id' => '1', 'title' => 'Market Watch of May 30 (Thursday) ', 'sub_title' => '', 'summary' => '', 'content' => '<p style="text-align: center;"> <strong>Pic. Showing NEPSE Candle Stick Chart</strong></p> <p> <strong>Current Price (CMP): 1319.47</strong></p> <p> <strong>OHLC Update of 16<sup>th</sup> Jestha:</strong></p> <p style="margin-left: 40px;"> O: 1313.88<br /> H: 1349.38<br /> L: 1313.88<br /> C: 1319.47</p> <p> <strong>Pivot for 19<sup>th</sup> Jestha: </strong></p> <table border="1" cellpadding="0" cellspacing="0" style="width:632px;" width="632"> <tbody> <tr> <td style="width:79px;height:34px;"> <p style="text-align: center;"> <strong>S3</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>S2</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>S1</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>Pivot</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>R1</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>R2</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>R3</strong></p> </td> </tr> <tr> <td style="width:79px;height:34px;"> <p style="text-align: center;"> <strong>1,270.27</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,292.08</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,305.77</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,327.58</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,341.27</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,363.08</strong></p> </td> <td style="width:92px;height:34px;"> <p style="text-align: center;"> <strong>1,376.77</strong></p> </td> </tr> </tbody> </table> <div style="clear:both;"> </div> <p> <strong>OHLC Update of 3<sup>rd</sup> week of Jestha:</strong></p> <p style="margin-left: 40px;"> O: 1314.55<br /> H: 1349.38<br /> L: 1309.90<br /> C: 1319.47</p> <p> <strong>Pivot for the 4<sup>th</sup> Week of Jestha: </strong></p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:84px;height:28px;"> <p style="text-align: center;"> <strong>S3</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>S2</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>S1</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>Pivot</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>R1</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>R2</strong></p> </td> <td style="width:91px;height:28px;"> <p style="text-align: center;"> <strong>R3</strong></p> </td> </tr> <tr> <td style="width:84px;height:37px;"> <p style="text-align: center;"> <strong>1,263.64</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,286.77</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,303.12</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,326.25</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,342.6</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,365.73</strong></p> </td> <td style="width:91px;height:37px;"> <p style="text-align: center;"> <strong>1,382.08</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Pivot for Month of Jestha: </strong></p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:79px;"> <p style="text-align: center;"> <strong>S3</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>S2</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>S1</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>Pivot</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>R1</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>R2</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>R3</strong></p> </td> </tr> <tr> <td style="width:79px;"> <p style="text-align: center;"> <strong>1,082.82</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,132.34</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,223.9</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,273.42</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,364.98</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,414.5</strong></p> </td> <td style="width:91px;"> <p style="text-align: center;"> <strong>1,506.06</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Turnover Update:</strong></p> <p style="margin-left: 40px;"> On Month of Baisakh: 1,803.05 Crores<br /> Volume of this week (29<sup>th</sup> Baisakh – 2<sup>nd</sup> Jestha): NRs. 494.93 Crores<br /> Volume of 2<sup>nd</sup> Week of Jestha: NRs. 502.44 Crores<br /> Volume of 3<sup>rd</sup> Week of Jestha: NRs. 433.14 Crores<br /> 15<sup>th</sup> Jestha: Nrs. 90.08 Crores<br /> 16<sup>th</sup> Jestha: Nrs. 152.81 Crores</p> <p> <strong>Commentary:</strong></p> <p> 1. Today market has remained positive throughout the day. Along with the market other sub indices are also positive. NEPSE Market has gained 0.43% likewise Sensitive also gained 0.44%.</p> <p> 2. NEPSE Market made its high during the first hour and the opening point was the lowest point for the day.</p> <p> 3. The volume today has increased in comparison to that of yesterday volume. </p> <p> 4. Out of 11 Sub-indices only 4 of them are positive. Today at the ending of this week there is no any noticeable gains or loss of the sub- indices.</p> <p> 5. The CMP of 16<sup>th</sup> Jestha is above the pivot of 16<sup>th</sup> Jestha and the monthly pivot but below the weekly pivot.</p> <p> 6. Both of the Sensitive and NEPSE Market had same kind of movement throughout the day.</p> <p> <strong>Top 5 Scrips by turnovers:</strong></p> <table border="1" cellpadding="0" cellspacing="0" width="602"> <tbody> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>Scrips</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>Turnover</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>Closing Price</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>SHIVM</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 17.19 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>661</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>NBL</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 16.61 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>339</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>PRVU</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 10.99 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>284</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>UPPER</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 9.22 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>293</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>NCCB</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>NRs. 6.25 Crores</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>284</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Top 5 Gainers: </strong></p> <table border="1" cellpadding="0" cellspacing="0" width="602"> <tbody> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>Scrips</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>LTP</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>Point Change</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>HURJA</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>160</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>18</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>RRHP</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>104</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>8</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>NICGF</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>9.79</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>1</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>GRDBL</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>124</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>7</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>WMBF</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>92</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>5</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Top 5 Losers: </strong></p> <table border="1" cellpadding="0" cellspacing="0" width="602"> <tbody> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>Scrips</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>LTP</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>Point Change</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>PPCL</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>163</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-18</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>NMFBS</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>1,540</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-82</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>KNBL</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>162</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-8</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>BFC</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>103</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-5</strong></p> </td> </tr> <tr> <td style="width:200px;"> <p style="text-align: center;"> <strong>MSMBS</strong></p> </td> <td style="width:202px;"> <p style="text-align: center;"> <strong>485</strong></p> </td> <td style="width:199px;"> <p style="text-align: center;"> <strong>-23</strong></p> </td> </tr> </tbody> </table> <p> </p> <p> <strong>Sector Wise Summary: </strong></p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:160px;height:33px;"> <p style="text-align: center;"> <strong>Sector</strong></p> </td> <td style="width:160px;height:33px;"> <p style="text-align: center;"> <strong>Turnover Values</strong></p> </td> <td style="width:160px;height:33px;"> <p style="text-align: center;"> <strong>Turnover volume</strong></p> </td> <td style="width:160px;height:33px;"> <p style="text-align: center;"> <strong>Total Transaction</strong></p> </td> </tr> <tr> <td style="width:160px;height:29px;"> <p style="text-align: center;"> <strong>Commercial Banks</strong></p> </td> <td style="width:160px;height:29px;"> <p style="text-align: center;"> <strong>NRs. 82.01 Crores</strong></p> </td> <td style="width:160px;height:29px;"> <p style="text-align: center;"> <strong>2,759,183</strong></p> </td> <td style="width:160px;height:29px;"> <p style="text-align: center;"> <strong>6,598</strong></p> </td> </tr> <tr> <td style="width:160px;height:34px;"> <p style="text-align: center;"> <strong>Finance</strong></p> </td> <td style="width:160px;height:34px;"> <p style="text-align: center;"> <strong>NRs. 1.42 Crores</strong></p> </td> <td style="width:160px;height:34px;"> <p style="text-align: center;"> <strong>110,638</strong></p> </td> <td style="width:160px;height:34px;"> <p style="text-align: center;"> <strong>270</strong></p> </td> </tr> <tr> <td style="width:160px;"> <p style="text-align: center;"> <strong>Hotels</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>NRs. 1.93 Crores</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>43,688</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>148</strong></p> </td> </tr> <tr> <td style="width:160px;"> <p style="text-align: center;"> <strong>Manufacturing And Processing</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>NRs. 17.74 Crores</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>258,084</strong></p> </td> <td style="width:160px;"> <p style="text-align: center;"> <strong>1,362</strong></p> </td> </tr> <tr> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>Others</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>NRs. 5.30 Crores</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>98,167</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>272</strong></p> </td> </tr> <tr> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>Hydro Power</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>NRs. 15.96 Crores</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>595,017</strong></p> </td> <td style="width:160px;height:36px;"> <p style="text-align: center;"> <strong>3,435</strong></p> </td> </tr> <tr> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>Non Life Insurance</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>NRs. 6.76 Crores</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>93,861</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>762</strong></p> </td> </tr> <tr> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>Development Banks</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>NRs. 7.45 Crores</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>393,196</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>1,053</strong></p> </td> </tr> <tr> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>Mutual Fund</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>NRs. 0.34 Crores</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>346,196</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>95</strong></p> </td> </tr> <tr> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>Promoter Share</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>NRs. 2.02 Crores</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>36,411</strong></p> </td> <td style="width:160px;height:41px;"> <p style="text-align: center;"> <strong>86</strong></p> </td> </tr> </tbody> </table> <p style="text-align: center;"> <img alt="" src="/app/webroot/userfiles/images/s%289%29.JPG" style="width: 745px; height: 475px;" /></p> <p style="text-align: center;"> <strong>c. Showing Sensitive Candle Stick Chart</strong></p> <p> <strong>Analysis: </strong></p> <p> 1. The CMP of 16<sup>th</sup> Jestha is below the Pivot of 19<sup>th</sup> Jestha and the volume is higher than that of the last traded volume. Analyzing this we can say that the market might enter into Bullish trend. Today at some point market showed the potential to break the prevailing choppy trend but was unsuccessful later on.</p> <p> 2.Observing the candle stick patterns of today, it is “Inverted Hammer”. Observing the candle stick patterns of past days we see the formation of “Shooting Star/ Gravestone Doji”.</p> <p> 3. An Inverted Hammer pattern forms when the buyers push the stock price higher against the sellers. The pattern reflects buying interest for technical, psychological, or fundamental reasons. When the pattern forms in a downtrend, it suggests a possible market bottom or change in trend. So, it’s one of the reversal patterns.</p> <p> 4. Market still now is in the Choppy trend ranging 1300 to 1320 in order to make new high market needs to cross 1320 or for new low it must go below 1320.</p> <p> </p> ', 'published' => true, 'created' => '2019-05-31', 'modified' => '2019-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '10550', 'image' => '20190531112533_n.JPG', 'article_date' => '2019-05-31 00:00:00', 'homepage' => true, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '22' ) ), (int) 9 => array( 'Article' => array( 'id' => '10798', 'article_category_id' => '1', 'title' => 'Government Targets Economic Growth of 8.5 Percent', 'sub_title' => '', 'summary' => 'May 30: The government has targeted an economic growth of 8.5 percent in the upcoming fiscal year. ', 'content' => '<p> May 30: The government has targeted an economic growth of 8.5 percent in the upcoming fiscal year. Finance Minister Yuba Raj Khatiwada made the announcement while unveiling Rs 1.53 trillion budget for the FY 2019/20 at the parliament building on Wednesday, May 29.</p> <p> According to the finance minister, the government has given high priority to uplift the backward regions, groups and communities. The government has also focused on increasing productivity.</p> <p> Likewise, the government has announced Public Private Partnership for creating job opportunities and increasing income-generating opportunities.</p> <p> The budget has also given priority to health and education sectors as well as infrastructure development for drinking water facility, industries, tourism and agriculture.</p> <p> The finance minister also said that the government will ensure that the stalled projects will be resumed in the upcoming fiscal year.</p> <p> <strong>Budget for Province and Local Levels</strong></p> <p> The government has allocated equalization grants of Rs 55.30 billion for the provincial governments and Rs 89.95 for the local governments across the country.</p> <p> Likewise, the federal government will be providing conditional grants of Rs 44.55 billion to the provinces and Rs 123.87 billion to the local levels. Likewise, the supplementary grant for the provincial and local levels is Rs 10 billion.</p> <p> <strong>Sector-wise Budget</strong></p> <p> <strong><img alt="" src="/app/webroot/userfiles/images/asdfff.jpg" style="width: 545px; height: 409px;" /></strong></p> <p> The government has allocated Rs 163.76 billion for the education, science and technology sector. The budget for developing roadways, railways and waterways is Rs 163.52 billion. Likewise, the health and population sector will get Rs 68.78 billion.</p> <p> The budget allocated for drinking water and sanitation is Rs 43.46 billion.</p> <p> The Ministry of Agriculture and Livestock will get Rs 34.80 billion in the upcoming fiscal year. Likewise, the government has allocated Rs 7.69 billion for the Ministry of Land Management and Cooperatives,Rs 2.68 billion for the Ministry of Tourism, Rs 11.74 billion for the Ministry of Commerce, Industry and Supplies, and Rs 83.49 billion for the Ministry of Energy.</p> <p> Likewise, the each of the parliamentarian elected through the first-past-the-post category will get Rs 60 million under the constituency development fund.</p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10549', 'image' => '20190530023709_adf.jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '10797', 'article_category_id' => '237', 'title' => 'Huawei Allays Consumer Concerns Following Google Ban', 'sub_title' => '', 'summary' => 'May 30: As the fallout from Google’s decision to ban Huawei gains momentum, the company held a press meet on May 28th to reassure worried customers and to outline their plans for the future.', 'content' => '<p> May 30: As the fallout from Google’s decision to ban Huawei gains momentum, the company held a press meet on May 28th to reassure worried customers and to outline their plans for the future.</p> <p> Earlier this month, Google followed through on US President Donald Trump’s executive order to ban Huawei from US shores, essentially crippling future Huawei devices. Under the ban, Huawei devices will lose access to several critical Google services such as Google Play Store, Google Maps, YouTube, Gmail, among others. However, Huawei will still be able to access Google’s proprietary operating system, Android, under the Android Open Source Project.</p> <p> Understandably, this has lead to a steep decline in sales of Huawei devices across the world, and now, the fallout has found its way to Nepal as retailers report that sales of Huawei devices have dwindled.</p> <p> During the press meet, chaired by Joyas Zhu, country director, Huawei Nepal, the company reassured consumers that they are working on a Plan B.</p> <p> “We will coordinate with other companies to come up with a solution. If Huawei launches a product, the consumers don’t need to worry. We will work hard on the solution,” said Zhu.</p> <p> Also present at the meet was Pulkit Bhimsaria, director of Call Mobility, Huawei’s authorised smartphone distributor in Nepal. Bhimsaria confirmed that sales had taken a significant hit following the ban. “If you ask me as a distributor, I can honestly tell you that we have lost around 50 smartphone sales per day,” said Bhimsaria.</p> <p> However, he mentioned that not all customers are equally concerned about the ban. “Just yesterday we had two customers who bought Mate 20 Pro, they said, ‘we don’t care, and we know something better will happen soon,’” Bhimsaria added.<br /> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10548', 'image' => '20190530012600_image.jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '10796', 'article_category_id' => '1', 'title' => 'Government Allocates Rs 173 billion for Transportation', 'sub_title' => '', 'summary' => 'May 30: The government has allocated Rs 173 billion to the country’s transportation sector for the upcoming fiscal year 2019/20.', 'content' => '<p> May 30: The government has allocated Rs 173 billion to the country’s transportation sector for the upcoming fiscal year 2019/20. Finance Minister Yuba Raj Khatiwada made the announcement while unveiling the new budget on Wednesday, May 29.</p> <p> The government has allocated Rs 163 billion for the construction of roads, railways and waterways. Likewise, Rs 7.70 billion has been separated for the operation of rail and metro-rail in Kathmandu.</p> <p> <strong>Compulsory e-card for bus fare </strong></p> <p> The government is arranging electronic card (e-card) for paying bus fare by establishing Transport Authority within the next fiscal year. The new budget has also stressed on public transportation by encouraging big buses and banning the existing transport cartels. Likewise the budget has also emphasized on installing charging stations to promote electric vehicles across the country.</p> <p> In order to manage transportation, the government will also be establishing ‘test centers’ in the capitals of all seven provinces of the country. For this, Rs 1.53 billion has been allocated, said Finance Minister Khatiwada.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10547', 'image' => '20190530011559_electric bus for short destination_from sajha yatayat.jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '10795', 'article_category_id' => '1', 'title' => 'New Budget Prioritizes Industries and Businesses', 'sub_title' => '', 'summary' => 'May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. ', 'content' => '<p> May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. The government has brought a policy to promote domestic garment industry through the new budget.</p> <p> Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p> <p> The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p> <p> Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p> <p> Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p> <p> “The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p> <p> <strong>Continuous Effort but Poorly Implemented </strong></p> <p> The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented. </p> <p> <strong>Prioritising Basic Infrastructure </strong></p> <p> In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p> <p> <strong>Producing Industrialist from Iron Mine</strong></p> <p> The iron mine at Dhaubadi of Nawalparasi will start commercial production of iron from the upcoming fiscal year. Likewise, the government is also plans to unearth precious stones in Surkhet and process them, according the finance minister.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10546', 'image' => '20190530010232_sej pic (2).jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '10794', 'article_category_id' => '1', 'title' => 'Government Staffers to Get up to 20 Percent Salary Hike', 'sub_title' => '', 'summary' => 'May 30: The government has announced an increase in salary of civil servants for the upcoming fiscal year.', 'content' => '<p> May 30: The government has announced an increase in salary of civil servants for the upcoming fiscal year. While unveiling the budget on Wednesday, Finance Minister Yuba Raj Khatiwada said that the salary of government staffers will be increased by 18 to 20 percent.</p> <p> According to the finance minister, the salary of non-gazetted officers will be increased by 20 percent while that of the gazetted officers will be hiked by 18 percent.</p> <p> The civil servants had been demanding a salary hike between 15 to 25 percent.</p> <p> The finance minister said that the salary of all civil servants including government staffers, security personnel as well as teachers has been increased.</p> <p> The increase in salary will be implemented from the starting of the upcoming fiscal year.</p> <p> The current salary of the chief secretary is Rs 55,200. With the increase in salary, the chief secretary will get Rs 65,136. Likewise, the salary of government secretaries will now be Rs 60,675 and that of the joint secretaries will be Rs 47,377. Under-secretaries and section officers will now on receive Rs 40,378 and Rs 35,990 respectively. Other non-gazetted officers will get between Rs 26,000 and Rs 28,000 while the salary of officer helper will be between Rs 19,000 and Rs 26,000</p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10545', 'image' => '20190530124323_1 (2).jpg', 'article_date' => '2019-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '10793', 'article_category_id' => '1', 'title' => 'Prices of Petroleum Products, Luxurious Goods, Alcohols Likely to Rise', 'sub_title' => '', 'summary' => 'May 30: The government has decided to charge an additional Rs 1 tax on all kinds of petroleum products under the heading of road development charge in fiscal year 2019/20. ', 'content' => '<p> May 30: The government has decided to charge an additional Rs 1 tax on all kinds of petroleum products under the heading of road development charge in fiscal year 2019/20. The additional tax will result in the rise of the prices of petroleum products.</p> <p> Previously, the government had been collecting Rs 4 from petrol and Rs 3 tax from diesel as road development charge. </p> <p> Meanwhile, the budget announced on Wednesday, May 29, states that taxes on alcohols and luxurious goods have been increased by the government.</p> <p> The increase in customs duty is likely to raise the price of the goods in the upcoming fiscal year.</p> <p> The prices of tobacco, cigarettes and alcohols are expected to rise due to the increase in the customs duty.</p> <p> The government decided to increase the customs duty of alcoholic beverages and tobacco under its policy to increase taxes on goods that are harmful for public health.</p> <p> The tax on import of vehicles has remained unchanged and the prices of vehicles will remain as it is in the market. Likewise, the prices of the cell phones are likely to reduce. Tax on import of cell phones has been reduced to 2.5 percent in the new fiscal year budget. Previously, the government had been charging 5 percent tax on import of cell phones. </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-05-30', 'modified' => '2019-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '10544', 'image' => '20190530121712_aaaa.jpg', 'article_date' => '2019-05-30 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
