November 19: Textile manufactures of Nepal have called off their protest against the government decision to remove value added tax (VAT) exemption on…
November 19: Textile manufactures of Nepal have called off their protest against the government decision to remove value added tax (VAT) exemption on…
November 19: A high-level delegation of European Development Bank is preparing to visit Nepal this week to discuss about investing in renewable and clean…
November 19: World Bank’s vice president for South Asia Region, Hartwig Schafer, reiterated the World Bank’s commitment to support Nepal in its ambitious transition to federalism, as he concluded a five-day visit to the country on Sunday, November…
November 19: Sipradi Trading, the sole distributor of Tata motors in Nepal, has signed an agreement with Shikhar Insurance Company for cashless…
November 18: Multinational company Surya Nepal has become the highest tax payer for the third…
November 18: Textile manufacturers of Nepal shut down their factories across the nation on Saturday to protest against the government decision to remove value added tax (VAT) exemption on…
November 18: Growing fiscal anarchism if shifted to province and local level will be disastrous, experts pointed out during an interaction program held in Kathmandu on November…
November 18: King’s College is all set to host its third annual international conference on entrepreneurship in Dhangadhi of Sudurpaschim Province from November…
November 18: Nepal can boost sustainable investment and accelerate productivity with a comprehensive growth strategy that focuses on enabling the private sector and removing constraints to competitiveness by focusing on five priority sectors—tourism, agribusiness, education, health, and information technology, according to a new study by the World Bank and…
November 18: Minister for Culture, Tourism and Civil Aviation Rabindra Adhikari inaugurated Shree Saraswati Tika Higher Secondary School, in Lekhnath Municipality built with Indian assistance worth Rs 37.1…
November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South…
November 18: Norvic International Hospital has been conferred the ‘Business Excellence in Health Care’ award, a global recognition from the World Confederation of Businesses (WORLDCOB), Texas, USA during the Bizz Award…
November 16: Finance Minister Yubaraj Khatiwada reaffirmed Nepal’s commitment to maintain transparency in aid during the annual meeting of the International Aid Transparency Initiative’s (IATI) Technical Advisory Group (TAG) in Kathmandu from November 13 to…
November 16: OPPO officially started the sales of its much-awaited A7 smartphone from Thursday, November 15.…
November 16: Nepali tea manufacturers are all set to participate in the 6th Mumbai World Tea Coffee Expo 2018 to be held in Mumbai, India from November 29 to December…
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The protest was called off after Finance Minister Yuba Raj Khatiwada requested for 10 days time to resolve the problem.</p> <p>The textile manufacturers had announced of the protest from Saturday saying that they have not been getting positive response from the discussion with the government regarding the Value Added Tax (VAT) debate. The government had announced to cancel the 13 percent VAT refund it had been providing during the budget speech in response to which the manufacturers had claimed that it was hard for them to sustain in the competitive market.</p> <p>The government had called the protestors for discussion on Sunday, November 18. The indefinite protest by textile manufacturers against the government had direct affected 50,000 employees and around 200,000 family members. </p> <p>Sailendra Lal Pradhan, president of Nepal Textile Industries Association (NTIA), informed NBA that the meeting was positive. He said, “The finance minister was positive at the meeting. He has asked for some time to have discussion in the parliament. We are hopeful.”</p> <p>Textile manufacturers of Nepal had shut down their factories across the nation on Saturday to protest against the government decision to remove value added tax (VAT) exemption on textiles.</p> <p>The decision came into effect from the starting of the current fiscal year.</p> <p>The textile manufacturers shut down a total of 250 industries across the nation to pressurize the government to roll back the decision to cancel VAT exemption on textiles.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-11-19', 'modified' => '2018-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '9229', 'image' => '20181119020626_yub raj khatiwada (3).jpg', 'article_date' => '2018-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '9450', 'article_category_id' => '161', 'title' => 'European Investment Bank visit to highlight engagement in Nepal', 'sub_title' => '', 'summary' => 'November 19: A high-level delegation of European Development Bank is preparing to visit Nepal this week to discuss about investing in renewable and clean energy.', 'content' => '<p>November 19: A high-level delegation of European Development Bank is preparing to visit Nepal this week to discuss about investing in renewable and clean energy.</p> <p>Issuing a joint the bank and the European Union said that Andrew McDowell, vice president of the European Investment Bank responsible for South Asia and global energy activity, accompanied by a high-level delegation, will make a four-day visit to Nepal at the start of a South Asia regional visit this week.</p> <p>“Nepal has shown how investment in renewable energy can both transform access to electricity and harness clean power sources to benefit rural communities. The European Investment Bank is committed to supporting transformational climate related investment across Asia and my team and I look forward to discussing how the European Union’s Bank can strengthen engagement in Nepal in the years ahead,” the statement quoted McDowell as saying.</p> <p>During his visit, McDowell will meet Prime Minister KP Oli and other ministers, diplomats and business representatives to discuss future European Investment Bank engagement in Nepal.</p> <p>He will also attend a ground-breaking ceremony to formally mark the start of construction of the Chilime-Trishuli transmission line by the Nepal Electricity Authority. The project is partly financed by the European Investment Bank under its largest single project in Nepal.</p> <p>The European Investment Bank, which is owned directly by the 28 European Union member states, supports investment in 160 countries worldwide and activity in Asia focuses on support for climate related investment.</p> <p>The European Investment Bank has provided more than 190 million euros for energy investment across Nepal over the last five years.</p> <p>“The European Union and Nepal recognise the challenges of a changing climate and the importance of new climate related investment. This week’s visit by the delegation from the European Investment Bank, the EU Bank, will allow future investment to be considered and recent support for rural electrification in Trishuli to be seen at first hand,” said Veronica Cody, ambassador and head of the European Union Delegation to Nepal.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-19', 'modified' => '2018-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '9228', 'image' => '20181119014925_eu_flag.jpg', 'article_date' => '2018-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '9448', 'article_category_id' => '220', 'title' => 'World Bank Committed to Support Nepal’s Development Goals', 'sub_title' => '', 'summary' => 'November 19: World Bank’s vice president for South Asia Region, Hartwig Schafer, reiterated the World Bank’s commitment to support Nepal in its ambitious transition to federalism, as he concluded a five-day visit to the country on Sunday, November 18.', 'content' => '<p>November 19: World Bank’s vice president for South Asia Region, Hartwig Schafer, reiterated the World Bank’s commitment to support Nepal in its ambitious transition to federalism, as he concluded a five-day visit to the country on Sunday, November 18.</p> <p>During his meeting with Prime Minister KP Sharma Oli, Schafer congratulated the government’s visionary goal of reaching middle-income country status by 2030. The World Bank said in a statement that Schafer also reaffirmed the World Bank’s commitment to support government priorities, and to help the country raise additional finance from a broader range of sources.</p> <p>In his meeting with Finance Minister Dr Yuba Raj Khatiwada, Schafer also discussed further support to the federalism transition, as well as the planned International Investors’ Conference in 2019 in support of Nepal’s agenda to crowd in private finance for development.</p> <p>“With a stable government that has prioritized broad-based reforms and private sector-driven growth, I am positive that Nepal can achieve higher growth rates for the next several years. To sustain such growth, we want to help Nepal mobilize investments from sources that go beyond traditional development finance. We call this approach Maximizing Finance for Development. Private sector investment will only come if there is a transparent, conducive policy environment,” he said, adding, “Nepal is one of the first countries where we are approaching this in a systematic way with the World Bank, IFC and MIGA coming in and helping to provide a platform for private investments in the energy, technology, and other sectors. This will also create jobs for more and more Nepalis, which is the need of the hour.”</p> <p>The Vice President also had a joint field visit with Finance Minister Khatiwada and Minister for Energy, Water Resources and Irrigation Barsha Man Pun to discuss the potential of tourism, hydropower and private sector investment in the country. The team visited Solukhumbu and Sankhuwasabha districts before seeing houses being rebuilt after the earthquake in the Majhi settlement of Gaikhura in Manthali Municipality, Ramechhap. </p> <p>In Kathmandu, Schafer participated in the launch of a joint report of the World Bank Group entitled “Country Private Sector Diagnostic: Creating Markets in Nepal”. He was also part of the signing of two agreements between the Government of Nepal and the World Bank. The agreements, totaling US$ 155.7 million, will be invested in the construction and maintenance of safe, resilient and cost-effective bridges in Nepal, and in improving food security of vulnerable households and communities.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-19', 'modified' => '2018-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '9227', 'image' => '20181119125729_VP Hart Schafer in front of Boudhanath.jpg', 'article_date' => '2018-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '9449', 'article_category_id' => '264', 'title' => 'Sipradi Trading’s Cashless Insurance Anchor', 'sub_title' => 'Sipradi Trading and Shikhar Insurance sign agreement on Cashless Insurance', 'summary' => 'November 19: Sipradi Trading, the sole distributor of Tata motors in Nepal, has signed an agreement with Shikhar Insurance Company for cashless insurance.', 'content' => '<p>November 19: Sipradi Trading, the sole distributor of Tata motors in Nepal, has signed an agreement with Shikhar Insurance Company for cashless insurance.</p> <p>According to a statement issued by Sipradi Trading, Rajan Babu Shrestha, CEO of Sipradi Trading, and Deep Prasad Pandey, CEO of Shikhar Insurance, signed the agreement on behalf of their respective organisations amid a recent event held at the head office of Shikhar Insurance.</p> <p>Sipradi Trading claimed that this cashless insurance is a first of its kind in Nepal.</p> <p>Under this scheme, customers of Tata vehicles can claim insurance claim in case their vehicle meets with an accident.</p> <p>Both the companies claimed that such arrangements will prove beneficial in providing fast, easily accessible and hassle-free services to their customers.</p> <p>Sipradi Trading said it also plans to collaborate with other insurance companies in the near future with a motive of providing this kind of service to more customers.</p> <p>“New technologies and ever evolving experiments like progressive insurance were discussed during the event. The benefit of collaboration between multiple companies was also a major focus of the event,” the statement said.</p> ', 'published' => true, 'created' => '2018-11-19', 'modified' => '2018-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '9226', 'image' => '20181119010644_CashlessInsurance_officialSigning00.jpg', 'article_date' => '2018-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '9447', 'article_category_id' => '1', 'title' => 'Surya Nepal, Siddhartha Rana highest taxpayers', 'sub_title' => '', 'summary' => 'November 18: Multinational company Surya Nepal has become the highest tax payer for the third time.', 'content' => '<p>November 18: Multinational company Surya Nepal has become the highest tax payer for the third time. Likewise, Siddhartha Shumsher Rana was the highest taxpayer under the individual category for the last fiscal year. Rana, who has hotel, trekking and various other businesses, has been the highest tax payer for the past five years.</p> <p>Surya Nepal and Rana were honoured by the Inland Revenue Department on the occasion of the 7th National Tax Day on Saturday.</p> <p>Finance Minister Dr Yuvraj Khatiwada honoured the taxpayers in various 15 categories.</p> <p>The government said that the highest taxpayers were honoured to promote taxpaying culture.</p> <p>Others companies to be honored during the programme are Dabur Nepal, Himal Power Ltd, Agriculture and Livestock Probiotic Industry, the Chhimek Cooperatives, Nabil Bank, Nepal Punarbeema (Re-Insurance) Company, Nobel Medical College, F1 Soft Information and Taragaon Regency Hotel.</p> <p> </p> <p style="text-align:justify"><strong>List of Winners Category</strong></p> <p style="text-align:justify">Surya Nepal Income Tax</p> <p style="text-align:justify">Ghorahi Cement Excise Duty</p> <p style="text-align:justify">Dabur Nepal Importer</p> <p style="text-align:justify">Himal Power Ltd Industry</p> <p style="text-align:justify">Pro-biotic Industry (Nimbus) Agriculture and Livestock</p> <p style="text-align:justify">Chhimek Cooperatives Finance Company</p> <p style="text-align:justify">Nabil Bank BFI</p> <p style="text-align:justify">Nobel Medical College Health Institution</p> <p style="text-align:justify">Nepal Punarbeema (Re-Insurance) Company Insurance</p> <p style="text-align:justify">F1 Soft Information IT</p> <p style="text-align:justify">Taragaon Regency Hotel Tourism</p> <p style="text-align:justify">Sipradi Trading Business</p> <p style="text-align:justify">Nepal Investment Pvt Ltd Annual transaction of Rs 400 million</p> <p style="text-align:justify">Nepse Annual transaction between Rs 400 to 800 million</p> <p style="text-align:justify">Siddhartha Shumsher Rana Individual</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-28', 'keywords' => '', 'description' => '', 'sortorder' => '9225', 'image' => '20181118041939_Clipboard01-18.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '9446', 'article_category_id' => '1', 'title' => 'Textile Industries Shut Across Nation', 'sub_title' => '', 'summary' => 'November 18: Textile manufacturers of Nepal shut down their factories across the nation on Saturday to protest against the government decision to remove value added tax (VAT) exemption on textiles.', 'content' => '<p>November 18: Textile manufacturers of Nepal shut down their factories across the nation on Saturday to protest against the government decision to remove value added tax (VAT) exemption on textiles.</p> <p>The government had announced to cancel the VAT refund system during the budget speech. The decision came into effect from the starting of the current fiscal year.</p> <p>The textile manufacturers shut down a total of 250 industries across the nation to pressurize the government to roll back the decision to cancel VAT exemption on textiles.</p> <p>A total of 50,000 employees and their families will be directly affected from the indefinite protest by the textile manufactures against the government.</p> <p>Organizing a press meet in Kathmandu on Saturday, textile manufacturers said they will go for stern protest if their demands are not addressed by November 23.</p> <p>Addressing the meet, Sailendra Pradhan, president of Nepal Textile Industries Association (NTIA), said that the textile manufactures had urged the government to roll back its decision.</p> <p>“As the government was reluctant to address our demands, we textile manufacturers had no option left than to shut down the factories,” he said, adding that it has been very difficult to compete with foreign textiles, and the decision has further hit the sector.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9224', 'image' => '20181118041106_kapada-1.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '9444', 'article_category_id' => '1', 'title' => 'Experts Warn Against Growing Fiscal Anarchism', 'sub_title' => '', 'summary' => 'November 18: Growing fiscal anarchism if shifted to province and local level will be disastrous, experts pointed out during an interaction program held in Kathmandu on November 16.', 'content' => '<p>November 18: Growing fiscal anarchism if shifted to province and local level will be disastrous, experts pointed out during an interaction program held in Kathmandu on November 16.</p> <p>The programme ‘Public Expenditure System in Federal Structure: Opportunities and Challenges’ was jointly organized by Public Expenditure Review Commission (PERC) and South Asia Watch on Trade, Economics and Environment (SAWTEE) to discuss the complexities of public expenditure in the fledgling federal system, especially in the context of agricultural development.</p> <p>Dr Dilli Raj Khanal, chairman of PERC pointed out that one of the biggest reasons for the mismanaged public expenditure was the tendency of starting projects without proper readiness in terms of planning, which created complications during implementation leading to unspent budget allocation.</p> <p>Therefore he emphasized on spending substantial amount of time on planning and preparedness which would then ensure effective implementation.</p> <p>Dr Posh Raj Pandey, executive director of SAWTEE, also cautioned that Nepal’s current expenditure allocation had been growing since some time and increased number of administrative units would further add to it. He pointed out that growing fiscal anarchism were shown by tendency of allocating budget without figuring out the sources of funds and projects being launched without completing necessary pre-requisites. Lack of preparation causes projects to suffer cost and time over-run making the administration inefficient, he said. He cautioned that lack of accountability in maintaining budgetary discipline may lead to provincial and local level governments replicating similar tendencies compromising their absorptive capacity.</p> <p>He further added that the constitutional provisions of creating overlap between the responsibilities of different tiers of government may be a potential source of conflict. Similarly the imposition of export or business taxes in agricultural produce and the tendency to use agriculture related conditional grants to other sectors may hinder agricultural development. </p> <p>Referring to mismatched project prioritization and budget allocation, Balananda Poudel, former secretary and chairman of Local Bodies Restructuring Commission said that government needed to effectively implement medium-term expenditure framework even at provincial and local levels. He urged PERC to become proactive in questioning government and its entities at all levels on their expenditure policy and patterns to instill a sense of accountability. </p> <p>Participants included representatives of federal and provincial governments, including secretaries, joint secretaries; representatives of municipal and rural councils also shared their experiences. They emphasized that the lack of sufficient personnel and procedural confusion had created problem in service delivery thus creating inefficiency. Similarly, they also urged the federal government to set up a centralized and uniform accounting and reporting information technology for efficient and integrated system.</p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9223', 'image' => '20181118103416_sawtee public expenditure.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '9445', 'article_category_id' => '249', 'title' => 'King’s College to host Int’l Conference in Dhangadhi', 'sub_title' => '', 'summary' => 'November 18: King’s College is all set to host its third annual international conference on entrepreneurship in Dhangadhi of Sudurpaschim Province from November 22-24.', 'content' => '<p>November 18: King’s College is all set to host its third annual international conference on entrepreneurship in Dhangadhi of Sudurpaschim Province from November 22-24.</p> <p>The college believes that the “Entrepreneurship and Economic Growth in Federal Nepal” conference will help to foster dialogue and initiate action in entrepreneurship ecosystem of all provinces.</p> <p>“With the country adopting the federal model, we believe the spirit of entrepreneurship should not limit to Kathmandu but have equal share for the people across the nation,” informed Narottam Aryal, principal of King’s College, adding, “As an academic institute, we, therefore, want to provide a global platform to debate, build on good practice and seek noble solutions to flourish entrepreneurial ecosystem in the country and thus contribute to economic growth.”</p> <p>Coordinator of the conference Chittaranjan Pandey said that the conference will support all stakeholders involved in the process of current transition from the centralized government to the local levels. He further informed that the conference aims to touch upon some of the key issues that are crucial for driving entrepreneurial initiatives under Nepal’s decentralized economy.</p> <p>The sub-themes of the conference include Federal, Provincial and Local Policies; Social Entrepreneurship; Technology, Innovation and Entrepreneurship; Private Sector and Entrepreneurship; and Vision 2030, SDGs and Entrepreneurship.</p> <p>Issuing a press statement, the college informed that the conference will include plenary and parallel sessions, presentations and discussions of academic research, policy-driven and reflective papers, networking opportunities for the future, showcase of entrepreneurial ventures, social Interactions and awards for two best papers.</p> <p>The college will host the conference in collaboration with Dhangadhi Sub-Metropolitan City and with the support of Sudurpaschim provincal government. Representatives from the government, private sector, entrepreneurs, academia, development partners and students, among others will participate in the three-day event.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9222', 'image' => '20181118034835_aaaa.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '9442', 'article_category_id' => '144', 'title' => 'Nepal Can Boost Growth by Bolstering Private Sector: World Bank/IFC Study', 'sub_title' => '', 'summary' => 'November 18: Nepal can boost sustainable investment and accelerate productivity with a comprehensive growth strategy that focuses on enabling the private sector and removing constraints to competitiveness by focusing on five priority sectors—tourism, agribusiness, education, health, and information technology, according to a new study by the World Bank and IFC.', 'content' => '<p>November 18: Nepal can boost sustainable investment and accelerate productivity with a comprehensive growth strategy that focuses on enabling the private sector and removing constraints to competitiveness by focusing on five priority sectors—tourism, agribusiness, education, health, and information technology, according to a new study by the World Bank and IFC.</p> <p>The two institutions’ first joint Country Private Sector Diagnostic for Nepal found that institutional challenges and a demanding geography have made it difficult for Nepal to build on its unique advantages. These obstacles can be overcome with a new approach that focuses on strengthening institutions, infrastructure, and connectivity, while removing investment barriers, reads a joint statement issued by the two institutions.</p> <p>Prepared in close consultation with the government and other stakeholders, the report, Creating Markets in Nepal, assesses opportunities and provides recommendations and policy reforms that could enable the growth of a competitive private sector.</p> <p> “Cross-cutting constraints need to be addressed to attract private investment and expertise,” the statement quoted Nena Stoiljkovic, IFC Regional Vice President for Asia, as saying. “Simpler regulations, better infrastructure, stronger institutions, and more developed human capital can open the doors to investment.”</p> <p>In recent years, Nepal has made considerable progress in reducing poverty—from 46 percent in 1996 to 15 percent in 2011—but remains one of Asia’s poorest and slowest-growing economies, the report said.</p> <p>According to the World Bank, over the past 20 years, Nepal’s real GDP growth rate has hovered around 4 percent per year, 2.5 percentage points below the South Asian average. Remittances from Nepalese working abroad play a significant role in the country’s economy, accounting for 26 percent of the GDP in 2017, but can fluctuate greatly because of shifts in global economic conditions.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9220', 'image' => '20181118033448_CPSD 1.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 9 => array( 'Article' => array( 'id' => '9441', 'article_category_id' => '249', 'title' => 'India Builds 3 Educational Institutions in Kaski District', 'sub_title' => '', 'summary' => 'November 18: Minister for Culture, Tourism and Civil Aviation Rabindra Adhikari inaugurated Shree Saraswati Tika Higher Secondary School, in Lekhnath Municipality built with Indian assistance worth Rs 37.1 million.', 'content' => '<p>November 18: Minister for Culture, Tourism and Civil Aviation Rabindra Adhikari inaugurated Shree Saraswati Tika Higher Secondary School, in Lekhnath Municipality built with Indian assistance worth Rs 37.1 million.</p> <p>Issuing a statement, the Indian Embassy in Kathmandu said that the School is affiliated to the National Examination Board (NEB) and offers plus two (10+2) programs, and has about 1100 students of which about 45 percent are girls.</p> <p>Likewise, the Indian Embassy said that other two educational institutions – Shree Laxmi Adarsha Multiple Campus and Gupteshwar Mahadev Multiple Campus – were also built with Indian assistance of Rs 48.40 million and 41.10 million respectively.</p> <p>The embassy expressed its belief that the newly built infrastructures would not only boost the learning environment of students but also enhance access to education to students of Kaski, Syangia, Parbat, Myagdi, and Tanahun districts.</p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9219', 'image' => '20181118101559_india.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '9440', 'article_category_id' => '230', 'title' => 'OYO Hotels appoints Aditya Ghosh as CEO for South Asia', 'sub_title' => '', 'summary' => 'November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South Asia.', 'content' => '<p>November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South Asia. Issuing a statement, OYO said that his appointment will be effective from December 1.</p> <p>“This appointment comes as a part of the company’s efforts to continue to invest in and attract world-class leadership, in the wake of its focus to drive accelerated growth in its home markets - India and China,” the statement said.</p> <p>According to the hotel, Ghosh is a proven professional with over 21 years of experience and is entrusted with the responsibility to oversee and grow OYO Hotels business in South Asia, which will include, India, Nepal, and the other upcoming markets in the region.</p> <p>He will focus on continuing to drive growth while delivering high-quality customer experience and sustained yields for asset owners.</p> <p>Commenting on the appointment, Ritesh Agarwal, founder and group CEO of OYO Hotels and Homes, said, ‘’In the last five years, OYO Hotels and Homes expanded its global footprints to over 500+ cities in seven countries, from Indonesia to the UK, with China and India as home markets. As we grow our business, we feel it is essential to continue to invest in building one of the most influential leadership teams and bringing in professionals with an entrepreneurial mindset and from diverse backgrounds, that can help lead the next wave of growth at OYO Hotels.”</p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9218', 'image' => '20181118100515_Aditya Ghosh, CEO India and SA, OYO.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '9439', 'article_category_id' => '223', 'title' => 'Norvic bags Business Excellence in Health Care Award', 'sub_title' => '', 'summary' => 'November 18: Norvic International Hospital has been conferred the ‘Business Excellence in Health Care’ award, a global recognition from the World Confederation of Businesses (WORLDCOB), Texas, USA during the Bizz Award ceremony.', 'content' => '<p>November 18: Norvic International Hospital has been conferred the ‘Business Excellence in Health Care’ award, a global recognition from the World Confederation of Businesses (WORLDCOB), Texas, USA during the Bizz Award ceremony.</p> <p>Deputy Prime Minister and the Minister for Health and Population Upendra Yadav handed over the award to the Managing Director of Norvic, Megha Chaudhary, amidst an award ceremony in Kathmandu on Friday November 16.</p> <p>Norvic said in a statement that it has also been awarded with the elite membership of the global recognition body, the WORLDCOB. The membership was conferred to the chairman of the hospital Basant Chaudhary.</p> <p>The Bizz Award ceremony gathers and recognizes leading businesses from different regions globally that contribute to the growth of their economy with ethnical practices, reads the statement. The Bizz Award was created by WORLDCOB to offer global business leaders a range of benefits that further enhances their image.</p> <p>While delivering her welcome note, Megha Chaudhary said during the award ceremony that Norvic would work optimum hard to further modernize its services.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9217', 'image' => '20181118095120_PVJD8572.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '9438', 'article_category_id' => '73', 'title' => 'Nepal reaffirms commitment to maintain transparency in aid', 'sub_title' => '', 'summary' => 'November 16: Finance Minister Yubaraj Khatiwada reaffirmed Nepal’s commitment to maintain transparency in aid during the annual meeting of the International Aid Transparency Initiative’s (IATI) Technical Advisory Group (TAG) in Kathmandu from November 13 to 15.', 'content' => '<p>November 16: Finance Minister Yubaraj Khatiwada reaffirmed Nepal’s commitment to maintain transparency in aid during the annual meeting of the International Aid Transparency Initiative’s (IATI) Technical Advisory Group (TAG) in Kathmandu from November 13 to 15.</p> <p>More than 160 expert practitioners from governments, development partners, the private sector and civil society met to discuss increasing the transparency of external resources to partner countries like Nepal during the meeting held for the first time in Asia.</p> <p>IATI was established to support partner countries by improving the availability of data on aid flows, enabling more effective planning and management of national budgets. At the same time, publishing data to IATI allows development partners to meet their own commitments on transparency, and for civil society and the media to hold governments to accountable for the use of resources, the organisers said in a statement.</p> <p>Delivering his remarks to TAG members, Minister Khatiwada underscored the importance of partner countries and noted that this data is crucial to maximise the impact of all development resources and meet the country’s own development priorities.</p> <p>The statement said that international development cooperation is a key component of the overall development financing landscape in Nepal. In the fiscal year 2017-2018, over USD 1.5 billion of aid was disbursed in Nepal, and in recent years, aid has accounted for about 25 percent of the national budget annually.</p> <p>The National Planning Commission estimates that to achieve the Sustainable Development Goals, aid flow to Nepal must double from 2016 levels.</p> <p>UNDP Country Director Renaud Meyer and Rurik Marsden, chief of DFID Nepal, also attended the meeting, signaling strong support for IATI from the multi-lateral and development partner communities.</p> <p>Renaud Meyer noted in his opening remarks that ‘the success of IATI reflects its relevance as well as the consensus that accurate and transparent development data is critical for action at the country level’.</p> <p>Started as a ‘coalition of the willing’ of 14 development partners in 2008, IATI has now over 90 members and close to 900 publishers who have recognised the importance of high-quality funding data in support of sustainable development. More than 1.1 million development projects are now published and regularly updated according to the global reporting standard known as the IATI Standard.</p> <p>As Coordinator of the IATI Secretariat, the United Nations Development Programme will continue to advocate for and support increased use of IATI data at the county level for maximum sustainable development and impactful responses to poverty and crises.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-16', 'modified' => '2018-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '9216', 'image' => '20181116033312_yub raj khatiwada (1).jpg', 'article_date' => '2018-11-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '9433', 'article_category_id' => '56', 'title' => 'OPPO A7 Available in Market', 'sub_title' => 'First sales event fully charged up with Swastima Khadka's presence', 'summary' => 'November 16: OPPO officially started the sales of its much-awaited A7 smartphone from Thursday, November 15. ', 'content' => '<p>November 16: OPPO officially started the sales of its much-awaited A7 smartphone from Thursday, November 15. Organizing a grand sales event at OPPO's official showroom at Pako, Newroad, the pre-bookers were handed over with the OPPO A7 with autographs of its newly appointed brand ambassador Swastima Khadka, a popular Nepali actress.</p> <p> Hyped as bigger battery phone, the company said that the OPPO A7 is believed to upraise the legacy of A series to newer height with powerful battery, premium design and AI enabled cameras.</p> <p>With powerful batteries and affordable pricing, the A series has been among OPPO’s best-selling smartphones since its launch, according to the company.</p> <p>The Chinese company said that the all-new OPPO A7, equipped with a 16 Megapixel front camera with AI 2.0 and a 13MP+2MP dual rear cameras and a 4230 mAh battery is expected to fulfill the needs of the customers. The new smartphone is priced at Rs 35,790.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-16', 'modified' => '2018-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '9215', 'image' => '20181116010140_New_1481.jpg', 'article_date' => '2018-11-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '9434', 'article_category_id' => '37', 'title' => 'Nepal to participate in Tea and Coffee Expo in India', 'sub_title' => '', 'summary' => 'November 16: Nepali tea manufacturers are all set to participate in the 6th Mumbai World Tea Coffee Expo 2018 to be held in Mumbai, India from November 29 to December 1.', 'content' => '<p>November 16: Nepali tea manufacturers are all set to participate in the 6th Mumbai World Tea Coffee Expo 2018 to be held in Mumbai, India from November 29 to December 1.</p> <p>The organisers claimed that global companies are converging for the expo with India growing leaps and bounds in the tea and coffee sector – both in terms of production and consumption as well as innovation.</p> <p>According to the organisers, WTCE marks South Asia’s largest dedicated annual business gathering of the tea, coffee and related segments. The expo offers huge potential for appointing distributors, bulk deals, joint ventures, franchising, networking, meeting government officials, marketing alliances and overall branding, reads a statement issued by Sentinel Exhibitions Asia Pvt Ltd, the organiser.</p> <p>With 70+ exhibitors from seven countries including government pavilions and anticipated 4000+ trade visitors from across the world, companies participating at WTCE 2018 can expand their foothold in the market or enter newer markets, according to the organiser.</p> <p>“The show has become the ideal launch pad for new products especially for SMEs who don’t have large budgets,” the statement said.</p> <p>The 2018 edition shall feature tea and coffee brands/products, machineries, innovative technologies, flavours, ingredients, sugar/sweeteners, vending solutions, packaging, certifications, boards etc from Indonesia, Japan, Sri Lanka, Vietnam, Australia, Nepal and India.</p> ', 'published' => true, 'created' => '2018-11-16', 'modified' => '2018-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '9214', 'image' => '20181116014039_pre.jpg', 'article_date' => '2018-11-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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' => '9452', 'article_category_id' => '1', 'title' => 'Textile Manufacturers’ Protest Called Off', 'sub_title' => '', 'summary' => 'November 19: Textile manufactures of Nepal have called off their protest against the government decision to remove value added tax (VAT) exemption on textiles.', 'content' => '<p>November 19: Textile manufactures of Nepal have called off their protest against the government decision to remove value added tax (VAT) exemption on textiles. The protest was called off after Finance Minister Yuba Raj Khatiwada requested for 10 days time to resolve the problem.</p> <p>The textile manufacturers had announced of the protest from Saturday saying that they have not been getting positive response from the discussion with the government regarding the Value Added Tax (VAT) debate. The government had announced to cancel the 13 percent VAT refund it had been providing during the budget speech in response to which the manufacturers had claimed that it was hard for them to sustain in the competitive market.</p> <p>The government had called the protestors for discussion on Sunday, November 18. The indefinite protest by textile manufacturers against the government had direct affected 50,000 employees and around 200,000 family members. </p> <p>Sailendra Lal Pradhan, president of Nepal Textile Industries Association (NTIA), informed NBA that the meeting was positive. He said, “The finance minister was positive at the meeting. He has asked for some time to have discussion in the parliament. We are hopeful.”</p> <p>Textile manufacturers of Nepal had shut down their factories across the nation on Saturday to protest against the government decision to remove value added tax (VAT) exemption on textiles.</p> <p>The decision came into effect from the starting of the current fiscal year.</p> <p>The textile manufacturers shut down a total of 250 industries across the nation to pressurize the government to roll back the decision to cancel VAT exemption on textiles.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-11-19', 'modified' => '2018-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '9229', 'image' => '20181119020626_yub raj khatiwada (3).jpg', 'article_date' => '2018-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '9450', 'article_category_id' => '161', 'title' => 'European Investment Bank visit to highlight engagement in Nepal', 'sub_title' => '', 'summary' => 'November 19: A high-level delegation of European Development Bank is preparing to visit Nepal this week to discuss about investing in renewable and clean energy.', 'content' => '<p>November 19: A high-level delegation of European Development Bank is preparing to visit Nepal this week to discuss about investing in renewable and clean energy.</p> <p>Issuing a joint the bank and the European Union said that Andrew McDowell, vice president of the European Investment Bank responsible for South Asia and global energy activity, accompanied by a high-level delegation, will make a four-day visit to Nepal at the start of a South Asia regional visit this week.</p> <p>“Nepal has shown how investment in renewable energy can both transform access to electricity and harness clean power sources to benefit rural communities. The European Investment Bank is committed to supporting transformational climate related investment across Asia and my team and I look forward to discussing how the European Union’s Bank can strengthen engagement in Nepal in the years ahead,” the statement quoted McDowell as saying.</p> <p>During his visit, McDowell will meet Prime Minister KP Oli and other ministers, diplomats and business representatives to discuss future European Investment Bank engagement in Nepal.</p> <p>He will also attend a ground-breaking ceremony to formally mark the start of construction of the Chilime-Trishuli transmission line by the Nepal Electricity Authority. The project is partly financed by the European Investment Bank under its largest single project in Nepal.</p> <p>The European Investment Bank, which is owned directly by the 28 European Union member states, supports investment in 160 countries worldwide and activity in Asia focuses on support for climate related investment.</p> <p>The European Investment Bank has provided more than 190 million euros for energy investment across Nepal over the last five years.</p> <p>“The European Union and Nepal recognise the challenges of a changing climate and the importance of new climate related investment. This week’s visit by the delegation from the European Investment Bank, the EU Bank, will allow future investment to be considered and recent support for rural electrification in Trishuli to be seen at first hand,” said Veronica Cody, ambassador and head of the European Union Delegation to Nepal.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-19', 'modified' => '2018-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '9228', 'image' => '20181119014925_eu_flag.jpg', 'article_date' => '2018-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '9448', 'article_category_id' => '220', 'title' => 'World Bank Committed to Support Nepal’s Development Goals', 'sub_title' => '', 'summary' => 'November 19: World Bank’s vice president for South Asia Region, Hartwig Schafer, reiterated the World Bank’s commitment to support Nepal in its ambitious transition to federalism, as he concluded a five-day visit to the country on Sunday, November 18.', 'content' => '<p>November 19: World Bank’s vice president for South Asia Region, Hartwig Schafer, reiterated the World Bank’s commitment to support Nepal in its ambitious transition to federalism, as he concluded a five-day visit to the country on Sunday, November 18.</p> <p>During his meeting with Prime Minister KP Sharma Oli, Schafer congratulated the government’s visionary goal of reaching middle-income country status by 2030. The World Bank said in a statement that Schafer also reaffirmed the World Bank’s commitment to support government priorities, and to help the country raise additional finance from a broader range of sources.</p> <p>In his meeting with Finance Minister Dr Yuba Raj Khatiwada, Schafer also discussed further support to the federalism transition, as well as the planned International Investors’ Conference in 2019 in support of Nepal’s agenda to crowd in private finance for development.</p> <p>“With a stable government that has prioritized broad-based reforms and private sector-driven growth, I am positive that Nepal can achieve higher growth rates for the next several years. To sustain such growth, we want to help Nepal mobilize investments from sources that go beyond traditional development finance. We call this approach Maximizing Finance for Development. Private sector investment will only come if there is a transparent, conducive policy environment,” he said, adding, “Nepal is one of the first countries where we are approaching this in a systematic way with the World Bank, IFC and MIGA coming in and helping to provide a platform for private investments in the energy, technology, and other sectors. This will also create jobs for more and more Nepalis, which is the need of the hour.”</p> <p>The Vice President also had a joint field visit with Finance Minister Khatiwada and Minister for Energy, Water Resources and Irrigation Barsha Man Pun to discuss the potential of tourism, hydropower and private sector investment in the country. The team visited Solukhumbu and Sankhuwasabha districts before seeing houses being rebuilt after the earthquake in the Majhi settlement of Gaikhura in Manthali Municipality, Ramechhap. </p> <p>In Kathmandu, Schafer participated in the launch of a joint report of the World Bank Group entitled “Country Private Sector Diagnostic: Creating Markets in Nepal”. He was also part of the signing of two agreements between the Government of Nepal and the World Bank. The agreements, totaling US$ 155.7 million, will be invested in the construction and maintenance of safe, resilient and cost-effective bridges in Nepal, and in improving food security of vulnerable households and communities.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-19', 'modified' => '2018-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '9227', 'image' => '20181119125729_VP Hart Schafer in front of Boudhanath.jpg', 'article_date' => '2018-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '9449', 'article_category_id' => '264', 'title' => 'Sipradi Trading’s Cashless Insurance Anchor', 'sub_title' => 'Sipradi Trading and Shikhar Insurance sign agreement on Cashless Insurance', 'summary' => 'November 19: Sipradi Trading, the sole distributor of Tata motors in Nepal, has signed an agreement with Shikhar Insurance Company for cashless insurance.', 'content' => '<p>November 19: Sipradi Trading, the sole distributor of Tata motors in Nepal, has signed an agreement with Shikhar Insurance Company for cashless insurance.</p> <p>According to a statement issued by Sipradi Trading, Rajan Babu Shrestha, CEO of Sipradi Trading, and Deep Prasad Pandey, CEO of Shikhar Insurance, signed the agreement on behalf of their respective organisations amid a recent event held at the head office of Shikhar Insurance.</p> <p>Sipradi Trading claimed that this cashless insurance is a first of its kind in Nepal.</p> <p>Under this scheme, customers of Tata vehicles can claim insurance claim in case their vehicle meets with an accident.</p> <p>Both the companies claimed that such arrangements will prove beneficial in providing fast, easily accessible and hassle-free services to their customers.</p> <p>Sipradi Trading said it also plans to collaborate with other insurance companies in the near future with a motive of providing this kind of service to more customers.</p> <p>“New technologies and ever evolving experiments like progressive insurance were discussed during the event. The benefit of collaboration between multiple companies was also a major focus of the event,” the statement said.</p> ', 'published' => true, 'created' => '2018-11-19', 'modified' => '2018-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '9226', 'image' => '20181119010644_CashlessInsurance_officialSigning00.jpg', 'article_date' => '2018-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '9447', 'article_category_id' => '1', 'title' => 'Surya Nepal, Siddhartha Rana highest taxpayers', 'sub_title' => '', 'summary' => 'November 18: Multinational company Surya Nepal has become the highest tax payer for the third time.', 'content' => '<p>November 18: Multinational company Surya Nepal has become the highest tax payer for the third time. Likewise, Siddhartha Shumsher Rana was the highest taxpayer under the individual category for the last fiscal year. Rana, who has hotel, trekking and various other businesses, has been the highest tax payer for the past five years.</p> <p>Surya Nepal and Rana were honoured by the Inland Revenue Department on the occasion of the 7th National Tax Day on Saturday.</p> <p>Finance Minister Dr Yuvraj Khatiwada honoured the taxpayers in various 15 categories.</p> <p>The government said that the highest taxpayers were honoured to promote taxpaying culture.</p> <p>Others companies to be honored during the programme are Dabur Nepal, Himal Power Ltd, Agriculture and Livestock Probiotic Industry, the Chhimek Cooperatives, Nabil Bank, Nepal Punarbeema (Re-Insurance) Company, Nobel Medical College, F1 Soft Information and Taragaon Regency Hotel.</p> <p> </p> <p style="text-align:justify"><strong>List of Winners Category</strong></p> <p style="text-align:justify">Surya Nepal Income Tax</p> <p style="text-align:justify">Ghorahi Cement Excise Duty</p> <p style="text-align:justify">Dabur Nepal Importer</p> <p style="text-align:justify">Himal Power Ltd Industry</p> <p style="text-align:justify">Pro-biotic Industry (Nimbus) Agriculture and Livestock</p> <p style="text-align:justify">Chhimek Cooperatives Finance Company</p> <p style="text-align:justify">Nabil Bank BFI</p> <p style="text-align:justify">Nobel Medical College Health Institution</p> <p style="text-align:justify">Nepal Punarbeema (Re-Insurance) Company Insurance</p> <p style="text-align:justify">F1 Soft Information IT</p> <p style="text-align:justify">Taragaon Regency Hotel Tourism</p> <p style="text-align:justify">Sipradi Trading Business</p> <p style="text-align:justify">Nepal Investment Pvt Ltd Annual transaction of Rs 400 million</p> <p style="text-align:justify">Nepse Annual transaction between Rs 400 to 800 million</p> <p style="text-align:justify">Siddhartha Shumsher Rana Individual</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-28', 'keywords' => '', 'description' => '', 'sortorder' => '9225', 'image' => '20181118041939_Clipboard01-18.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '9446', 'article_category_id' => '1', 'title' => 'Textile Industries Shut Across Nation', 'sub_title' => '', 'summary' => 'November 18: Textile manufacturers of Nepal shut down their factories across the nation on Saturday to protest against the government decision to remove value added tax (VAT) exemption on textiles.', 'content' => '<p>November 18: Textile manufacturers of Nepal shut down their factories across the nation on Saturday to protest against the government decision to remove value added tax (VAT) exemption on textiles.</p> <p>The government had announced to cancel the VAT refund system during the budget speech. The decision came into effect from the starting of the current fiscal year.</p> <p>The textile manufacturers shut down a total of 250 industries across the nation to pressurize the government to roll back the decision to cancel VAT exemption on textiles.</p> <p>A total of 50,000 employees and their families will be directly affected from the indefinite protest by the textile manufactures against the government.</p> <p>Organizing a press meet in Kathmandu on Saturday, textile manufacturers said they will go for stern protest if their demands are not addressed by November 23.</p> <p>Addressing the meet, Sailendra Pradhan, president of Nepal Textile Industries Association (NTIA), said that the textile manufactures had urged the government to roll back its decision.</p> <p>“As the government was reluctant to address our demands, we textile manufacturers had no option left than to shut down the factories,” he said, adding that it has been very difficult to compete with foreign textiles, and the decision has further hit the sector.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9224', 'image' => '20181118041106_kapada-1.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '9444', 'article_category_id' => '1', 'title' => 'Experts Warn Against Growing Fiscal Anarchism', 'sub_title' => '', 'summary' => 'November 18: Growing fiscal anarchism if shifted to province and local level will be disastrous, experts pointed out during an interaction program held in Kathmandu on November 16.', 'content' => '<p>November 18: Growing fiscal anarchism if shifted to province and local level will be disastrous, experts pointed out during an interaction program held in Kathmandu on November 16.</p> <p>The programme ‘Public Expenditure System in Federal Structure: Opportunities and Challenges’ was jointly organized by Public Expenditure Review Commission (PERC) and South Asia Watch on Trade, Economics and Environment (SAWTEE) to discuss the complexities of public expenditure in the fledgling federal system, especially in the context of agricultural development.</p> <p>Dr Dilli Raj Khanal, chairman of PERC pointed out that one of the biggest reasons for the mismanaged public expenditure was the tendency of starting projects without proper readiness in terms of planning, which created complications during implementation leading to unspent budget allocation.</p> <p>Therefore he emphasized on spending substantial amount of time on planning and preparedness which would then ensure effective implementation.</p> <p>Dr Posh Raj Pandey, executive director of SAWTEE, also cautioned that Nepal’s current expenditure allocation had been growing since some time and increased number of administrative units would further add to it. He pointed out that growing fiscal anarchism were shown by tendency of allocating budget without figuring out the sources of funds and projects being launched without completing necessary pre-requisites. Lack of preparation causes projects to suffer cost and time over-run making the administration inefficient, he said. He cautioned that lack of accountability in maintaining budgetary discipline may lead to provincial and local level governments replicating similar tendencies compromising their absorptive capacity.</p> <p>He further added that the constitutional provisions of creating overlap between the responsibilities of different tiers of government may be a potential source of conflict. Similarly the imposition of export or business taxes in agricultural produce and the tendency to use agriculture related conditional grants to other sectors may hinder agricultural development. </p> <p>Referring to mismatched project prioritization and budget allocation, Balananda Poudel, former secretary and chairman of Local Bodies Restructuring Commission said that government needed to effectively implement medium-term expenditure framework even at provincial and local levels. He urged PERC to become proactive in questioning government and its entities at all levels on their expenditure policy and patterns to instill a sense of accountability. </p> <p>Participants included representatives of federal and provincial governments, including secretaries, joint secretaries; representatives of municipal and rural councils also shared their experiences. They emphasized that the lack of sufficient personnel and procedural confusion had created problem in service delivery thus creating inefficiency. Similarly, they also urged the federal government to set up a centralized and uniform accounting and reporting information technology for efficient and integrated system.</p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9223', 'image' => '20181118103416_sawtee public expenditure.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '9445', 'article_category_id' => '249', 'title' => 'King’s College to host Int’l Conference in Dhangadhi', 'sub_title' => '', 'summary' => 'November 18: King’s College is all set to host its third annual international conference on entrepreneurship in Dhangadhi of Sudurpaschim Province from November 22-24.', 'content' => '<p>November 18: King’s College is all set to host its third annual international conference on entrepreneurship in Dhangadhi of Sudurpaschim Province from November 22-24.</p> <p>The college believes that the “Entrepreneurship and Economic Growth in Federal Nepal” conference will help to foster dialogue and initiate action in entrepreneurship ecosystem of all provinces.</p> <p>“With the country adopting the federal model, we believe the spirit of entrepreneurship should not limit to Kathmandu but have equal share for the people across the nation,” informed Narottam Aryal, principal of King’s College, adding, “As an academic institute, we, therefore, want to provide a global platform to debate, build on good practice and seek noble solutions to flourish entrepreneurial ecosystem in the country and thus contribute to economic growth.”</p> <p>Coordinator of the conference Chittaranjan Pandey said that the conference will support all stakeholders involved in the process of current transition from the centralized government to the local levels. He further informed that the conference aims to touch upon some of the key issues that are crucial for driving entrepreneurial initiatives under Nepal’s decentralized economy.</p> <p>The sub-themes of the conference include Federal, Provincial and Local Policies; Social Entrepreneurship; Technology, Innovation and Entrepreneurship; Private Sector and Entrepreneurship; and Vision 2030, SDGs and Entrepreneurship.</p> <p>Issuing a press statement, the college informed that the conference will include plenary and parallel sessions, presentations and discussions of academic research, policy-driven and reflective papers, networking opportunities for the future, showcase of entrepreneurial ventures, social Interactions and awards for two best papers.</p> <p>The college will host the conference in collaboration with Dhangadhi Sub-Metropolitan City and with the support of Sudurpaschim provincal government. Representatives from the government, private sector, entrepreneurs, academia, development partners and students, among others will participate in the three-day event.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9222', 'image' => '20181118034835_aaaa.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '9442', 'article_category_id' => '144', 'title' => 'Nepal Can Boost Growth by Bolstering Private Sector: World Bank/IFC Study', 'sub_title' => '', 'summary' => 'November 18: Nepal can boost sustainable investment and accelerate productivity with a comprehensive growth strategy that focuses on enabling the private sector and removing constraints to competitiveness by focusing on five priority sectors—tourism, agribusiness, education, health, and information technology, according to a new study by the World Bank and IFC.', 'content' => '<p>November 18: Nepal can boost sustainable investment and accelerate productivity with a comprehensive growth strategy that focuses on enabling the private sector and removing constraints to competitiveness by focusing on five priority sectors—tourism, agribusiness, education, health, and information technology, according to a new study by the World Bank and IFC.</p> <p>The two institutions’ first joint Country Private Sector Diagnostic for Nepal found that institutional challenges and a demanding geography have made it difficult for Nepal to build on its unique advantages. These obstacles can be overcome with a new approach that focuses on strengthening institutions, infrastructure, and connectivity, while removing investment barriers, reads a joint statement issued by the two institutions.</p> <p>Prepared in close consultation with the government and other stakeholders, the report, Creating Markets in Nepal, assesses opportunities and provides recommendations and policy reforms that could enable the growth of a competitive private sector.</p> <p> “Cross-cutting constraints need to be addressed to attract private investment and expertise,” the statement quoted Nena Stoiljkovic, IFC Regional Vice President for Asia, as saying. “Simpler regulations, better infrastructure, stronger institutions, and more developed human capital can open the doors to investment.”</p> <p>In recent years, Nepal has made considerable progress in reducing poverty—from 46 percent in 1996 to 15 percent in 2011—but remains one of Asia’s poorest and slowest-growing economies, the report said.</p> <p>According to the World Bank, over the past 20 years, Nepal’s real GDP growth rate has hovered around 4 percent per year, 2.5 percentage points below the South Asian average. Remittances from Nepalese working abroad play a significant role in the country’s economy, accounting for 26 percent of the GDP in 2017, but can fluctuate greatly because of shifts in global economic conditions.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9220', 'image' => '20181118033448_CPSD 1.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 9 => array( 'Article' => array( 'id' => '9441', 'article_category_id' => '249', 'title' => 'India Builds 3 Educational Institutions in Kaski District', 'sub_title' => '', 'summary' => 'November 18: Minister for Culture, Tourism and Civil Aviation Rabindra Adhikari inaugurated Shree Saraswati Tika Higher Secondary School, in Lekhnath Municipality built with Indian assistance worth Rs 37.1 million.', 'content' => '<p>November 18: Minister for Culture, Tourism and Civil Aviation Rabindra Adhikari inaugurated Shree Saraswati Tika Higher Secondary School, in Lekhnath Municipality built with Indian assistance worth Rs 37.1 million.</p> <p>Issuing a statement, the Indian Embassy in Kathmandu said that the School is affiliated to the National Examination Board (NEB) and offers plus two (10+2) programs, and has about 1100 students of which about 45 percent are girls.</p> <p>Likewise, the Indian Embassy said that other two educational institutions – Shree Laxmi Adarsha Multiple Campus and Gupteshwar Mahadev Multiple Campus – were also built with Indian assistance of Rs 48.40 million and 41.10 million respectively.</p> <p>The embassy expressed its belief that the newly built infrastructures would not only boost the learning environment of students but also enhance access to education to students of Kaski, Syangia, Parbat, Myagdi, and Tanahun districts.</p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9219', 'image' => '20181118101559_india.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '9440', 'article_category_id' => '230', 'title' => 'OYO Hotels appoints Aditya Ghosh as CEO for South Asia', 'sub_title' => '', 'summary' => 'November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South Asia.', 'content' => '<p>November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South Asia. Issuing a statement, OYO said that his appointment will be effective from December 1.</p> <p>“This appointment comes as a part of the company’s efforts to continue to invest in and attract world-class leadership, in the wake of its focus to drive accelerated growth in its home markets - India and China,” the statement said.</p> <p>According to the hotel, Ghosh is a proven professional with over 21 years of experience and is entrusted with the responsibility to oversee and grow OYO Hotels business in South Asia, which will include, India, Nepal, and the other upcoming markets in the region.</p> <p>He will focus on continuing to drive growth while delivering high-quality customer experience and sustained yields for asset owners.</p> <p>Commenting on the appointment, Ritesh Agarwal, founder and group CEO of OYO Hotels and Homes, said, ‘’In the last five years, OYO Hotels and Homes expanded its global footprints to over 500+ cities in seven countries, from Indonesia to the UK, with China and India as home markets. As we grow our business, we feel it is essential to continue to invest in building one of the most influential leadership teams and bringing in professionals with an entrepreneurial mindset and from diverse backgrounds, that can help lead the next wave of growth at OYO Hotels.”</p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9218', 'image' => '20181118100515_Aditya Ghosh, CEO India and SA, OYO.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '9439', 'article_category_id' => '223', 'title' => 'Norvic bags Business Excellence in Health Care Award', 'sub_title' => '', 'summary' => 'November 18: Norvic International Hospital has been conferred the ‘Business Excellence in Health Care’ award, a global recognition from the World Confederation of Businesses (WORLDCOB), Texas, USA during the Bizz Award ceremony.', 'content' => '<p>November 18: Norvic International Hospital has been conferred the ‘Business Excellence in Health Care’ award, a global recognition from the World Confederation of Businesses (WORLDCOB), Texas, USA during the Bizz Award ceremony.</p> <p>Deputy Prime Minister and the Minister for Health and Population Upendra Yadav handed over the award to the Managing Director of Norvic, Megha Chaudhary, amidst an award ceremony in Kathmandu on Friday November 16.</p> <p>Norvic said in a statement that it has also been awarded with the elite membership of the global recognition body, the WORLDCOB. The membership was conferred to the chairman of the hospital Basant Chaudhary.</p> <p>The Bizz Award ceremony gathers and recognizes leading businesses from different regions globally that contribute to the growth of their economy with ethnical practices, reads the statement. The Bizz Award was created by WORLDCOB to offer global business leaders a range of benefits that further enhances their image.</p> <p>While delivering her welcome note, Megha Chaudhary said during the award ceremony that Norvic would work optimum hard to further modernize its services.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9217', 'image' => '20181118095120_PVJD8572.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '9438', 'article_category_id' => '73', 'title' => 'Nepal reaffirms commitment to maintain transparency in aid', 'sub_title' => '', 'summary' => 'November 16: Finance Minister Yubaraj Khatiwada reaffirmed Nepal’s commitment to maintain transparency in aid during the annual meeting of the International Aid Transparency Initiative’s (IATI) Technical Advisory Group (TAG) in Kathmandu from November 13 to 15.', 'content' => '<p>November 16: Finance Minister Yubaraj Khatiwada reaffirmed Nepal’s commitment to maintain transparency in aid during the annual meeting of the International Aid Transparency Initiative’s (IATI) Technical Advisory Group (TAG) in Kathmandu from November 13 to 15.</p> <p>More than 160 expert practitioners from governments, development partners, the private sector and civil society met to discuss increasing the transparency of external resources to partner countries like Nepal during the meeting held for the first time in Asia.</p> <p>IATI was established to support partner countries by improving the availability of data on aid flows, enabling more effective planning and management of national budgets. At the same time, publishing data to IATI allows development partners to meet their own commitments on transparency, and for civil society and the media to hold governments to accountable for the use of resources, the organisers said in a statement.</p> <p>Delivering his remarks to TAG members, Minister Khatiwada underscored the importance of partner countries and noted that this data is crucial to maximise the impact of all development resources and meet the country’s own development priorities.</p> <p>The statement said that international development cooperation is a key component of the overall development financing landscape in Nepal. In the fiscal year 2017-2018, over USD 1.5 billion of aid was disbursed in Nepal, and in recent years, aid has accounted for about 25 percent of the national budget annually.</p> <p>The National Planning Commission estimates that to achieve the Sustainable Development Goals, aid flow to Nepal must double from 2016 levels.</p> <p>UNDP Country Director Renaud Meyer and Rurik Marsden, chief of DFID Nepal, also attended the meeting, signaling strong support for IATI from the multi-lateral and development partner communities.</p> <p>Renaud Meyer noted in his opening remarks that ‘the success of IATI reflects its relevance as well as the consensus that accurate and transparent development data is critical for action at the country level’.</p> <p>Started as a ‘coalition of the willing’ of 14 development partners in 2008, IATI has now over 90 members and close to 900 publishers who have recognised the importance of high-quality funding data in support of sustainable development. More than 1.1 million development projects are now published and regularly updated according to the global reporting standard known as the IATI Standard.</p> <p>As Coordinator of the IATI Secretariat, the United Nations Development Programme will continue to advocate for and support increased use of IATI data at the county level for maximum sustainable development and impactful responses to poverty and crises.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-16', 'modified' => '2018-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '9216', 'image' => '20181116033312_yub raj khatiwada (1).jpg', 'article_date' => '2018-11-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '9433', 'article_category_id' => '56', 'title' => 'OPPO A7 Available in Market', 'sub_title' => 'First sales event fully charged up with Swastima Khadka's presence', 'summary' => 'November 16: OPPO officially started the sales of its much-awaited A7 smartphone from Thursday, November 15. ', 'content' => '<p>November 16: OPPO officially started the sales of its much-awaited A7 smartphone from Thursday, November 15. Organizing a grand sales event at OPPO's official showroom at Pako, Newroad, the pre-bookers were handed over with the OPPO A7 with autographs of its newly appointed brand ambassador Swastima Khadka, a popular Nepali actress.</p> <p> Hyped as bigger battery phone, the company said that the OPPO A7 is believed to upraise the legacy of A series to newer height with powerful battery, premium design and AI enabled cameras.</p> <p>With powerful batteries and affordable pricing, the A series has been among OPPO’s best-selling smartphones since its launch, according to the company.</p> <p>The Chinese company said that the all-new OPPO A7, equipped with a 16 Megapixel front camera with AI 2.0 and a 13MP+2MP dual rear cameras and a 4230 mAh battery is expected to fulfill the needs of the customers. The new smartphone is priced at Rs 35,790.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-16', 'modified' => '2018-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '9215', 'image' => '20181116010140_New_1481.jpg', 'article_date' => '2018-11-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '9434', 'article_category_id' => '37', 'title' => 'Nepal to participate in Tea and Coffee Expo in India', 'sub_title' => '', 'summary' => 'November 16: Nepali tea manufacturers are all set to participate in the 6th Mumbai World Tea Coffee Expo 2018 to be held in Mumbai, India from November 29 to December 1.', 'content' => '<p>November 16: Nepali tea manufacturers are all set to participate in the 6th Mumbai World Tea Coffee Expo 2018 to be held in Mumbai, India from November 29 to December 1.</p> <p>The organisers claimed that global companies are converging for the expo with India growing leaps and bounds in the tea and coffee sector – both in terms of production and consumption as well as innovation.</p> <p>According to the organisers, WTCE marks South Asia’s largest dedicated annual business gathering of the tea, coffee and related segments. The expo offers huge potential for appointing distributors, bulk deals, joint ventures, franchising, networking, meeting government officials, marketing alliances and overall branding, reads a statement issued by Sentinel Exhibitions Asia Pvt Ltd, the organiser.</p> <p>With 70+ exhibitors from seven countries including government pavilions and anticipated 4000+ trade visitors from across the world, companies participating at WTCE 2018 can expand their foothold in the market or enter newer markets, according to the organiser.</p> <p>“The show has become the ideal launch pad for new products especially for SMEs who don’t have large budgets,” the statement said.</p> <p>The 2018 edition shall feature tea and coffee brands/products, machineries, innovative technologies, flavours, ingredients, sugar/sweeteners, vending solutions, packaging, certifications, boards etc from Indonesia, Japan, Sri Lanka, Vietnam, Australia, Nepal and India.</p> ', 'published' => true, 'created' => '2018-11-16', 'modified' => '2018-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '9214', 'image' => '20181116014039_pre.jpg', 'article_date' => '2018-11-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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The protest was called off after Finance Minister Yuba Raj Khatiwada requested for 10 days time to resolve the problem.</p> <p>The textile manufacturers had announced of the protest from Saturday saying that they have not been getting positive response from the discussion with the government regarding the Value Added Tax (VAT) debate. The government had announced to cancel the 13 percent VAT refund it had been providing during the budget speech in response to which the manufacturers had claimed that it was hard for them to sustain in the competitive market.</p> <p>The government had called the protestors for discussion on Sunday, November 18. The indefinite protest by textile manufacturers against the government had direct affected 50,000 employees and around 200,000 family members. </p> <p>Sailendra Lal Pradhan, president of Nepal Textile Industries Association (NTIA), informed NBA that the meeting was positive. He said, “The finance minister was positive at the meeting. He has asked for some time to have discussion in the parliament. We are hopeful.”</p> <p>Textile manufacturers of Nepal had shut down their factories across the nation on Saturday to protest against the government decision to remove value added tax (VAT) exemption on textiles.</p> <p>The decision came into effect from the starting of the current fiscal year.</p> <p>The textile manufacturers shut down a total of 250 industries across the nation to pressurize the government to roll back the decision to cancel VAT exemption on textiles.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-11-19', 'modified' => '2018-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '9229', 'image' => '20181119020626_yub raj khatiwada (3).jpg', 'article_date' => '2018-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '9450', 'article_category_id' => '161', 'title' => 'European Investment Bank visit to highlight engagement in Nepal', 'sub_title' => '', 'summary' => 'November 19: A high-level delegation of European Development Bank is preparing to visit Nepal this week to discuss about investing in renewable and clean energy.', 'content' => '<p>November 19: A high-level delegation of European Development Bank is preparing to visit Nepal this week to discuss about investing in renewable and clean energy.</p> <p>Issuing a joint the bank and the European Union said that Andrew McDowell, vice president of the European Investment Bank responsible for South Asia and global energy activity, accompanied by a high-level delegation, will make a four-day visit to Nepal at the start of a South Asia regional visit this week.</p> <p>“Nepal has shown how investment in renewable energy can both transform access to electricity and harness clean power sources to benefit rural communities. The European Investment Bank is committed to supporting transformational climate related investment across Asia and my team and I look forward to discussing how the European Union’s Bank can strengthen engagement in Nepal in the years ahead,” the statement quoted McDowell as saying.</p> <p>During his visit, McDowell will meet Prime Minister KP Oli and other ministers, diplomats and business representatives to discuss future European Investment Bank engagement in Nepal.</p> <p>He will also attend a ground-breaking ceremony to formally mark the start of construction of the Chilime-Trishuli transmission line by the Nepal Electricity Authority. The project is partly financed by the European Investment Bank under its largest single project in Nepal.</p> <p>The European Investment Bank, which is owned directly by the 28 European Union member states, supports investment in 160 countries worldwide and activity in Asia focuses on support for climate related investment.</p> <p>The European Investment Bank has provided more than 190 million euros for energy investment across Nepal over the last five years.</p> <p>“The European Union and Nepal recognise the challenges of a changing climate and the importance of new climate related investment. This week’s visit by the delegation from the European Investment Bank, the EU Bank, will allow future investment to be considered and recent support for rural electrification in Trishuli to be seen at first hand,” said Veronica Cody, ambassador and head of the European Union Delegation to Nepal.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-19', 'modified' => '2018-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '9228', 'image' => '20181119014925_eu_flag.jpg', 'article_date' => '2018-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '9448', 'article_category_id' => '220', 'title' => 'World Bank Committed to Support Nepal’s Development Goals', 'sub_title' => '', 'summary' => 'November 19: World Bank’s vice president for South Asia Region, Hartwig Schafer, reiterated the World Bank’s commitment to support Nepal in its ambitious transition to federalism, as he concluded a five-day visit to the country on Sunday, November 18.', 'content' => '<p>November 19: World Bank’s vice president for South Asia Region, Hartwig Schafer, reiterated the World Bank’s commitment to support Nepal in its ambitious transition to federalism, as he concluded a five-day visit to the country on Sunday, November 18.</p> <p>During his meeting with Prime Minister KP Sharma Oli, Schafer congratulated the government’s visionary goal of reaching middle-income country status by 2030. The World Bank said in a statement that Schafer also reaffirmed the World Bank’s commitment to support government priorities, and to help the country raise additional finance from a broader range of sources.</p> <p>In his meeting with Finance Minister Dr Yuba Raj Khatiwada, Schafer also discussed further support to the federalism transition, as well as the planned International Investors’ Conference in 2019 in support of Nepal’s agenda to crowd in private finance for development.</p> <p>“With a stable government that has prioritized broad-based reforms and private sector-driven growth, I am positive that Nepal can achieve higher growth rates for the next several years. To sustain such growth, we want to help Nepal mobilize investments from sources that go beyond traditional development finance. We call this approach Maximizing Finance for Development. Private sector investment will only come if there is a transparent, conducive policy environment,” he said, adding, “Nepal is one of the first countries where we are approaching this in a systematic way with the World Bank, IFC and MIGA coming in and helping to provide a platform for private investments in the energy, technology, and other sectors. This will also create jobs for more and more Nepalis, which is the need of the hour.”</p> <p>The Vice President also had a joint field visit with Finance Minister Khatiwada and Minister for Energy, Water Resources and Irrigation Barsha Man Pun to discuss the potential of tourism, hydropower and private sector investment in the country. The team visited Solukhumbu and Sankhuwasabha districts before seeing houses being rebuilt after the earthquake in the Majhi settlement of Gaikhura in Manthali Municipality, Ramechhap. </p> <p>In Kathmandu, Schafer participated in the launch of a joint report of the World Bank Group entitled “Country Private Sector Diagnostic: Creating Markets in Nepal”. He was also part of the signing of two agreements between the Government of Nepal and the World Bank. The agreements, totaling US$ 155.7 million, will be invested in the construction and maintenance of safe, resilient and cost-effective bridges in Nepal, and in improving food security of vulnerable households and communities.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-19', 'modified' => '2018-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '9227', 'image' => '20181119125729_VP Hart Schafer in front of Boudhanath.jpg', 'article_date' => '2018-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '9449', 'article_category_id' => '264', 'title' => 'Sipradi Trading’s Cashless Insurance Anchor', 'sub_title' => 'Sipradi Trading and Shikhar Insurance sign agreement on Cashless Insurance', 'summary' => 'November 19: Sipradi Trading, the sole distributor of Tata motors in Nepal, has signed an agreement with Shikhar Insurance Company for cashless insurance.', 'content' => '<p>November 19: Sipradi Trading, the sole distributor of Tata motors in Nepal, has signed an agreement with Shikhar Insurance Company for cashless insurance.</p> <p>According to a statement issued by Sipradi Trading, Rajan Babu Shrestha, CEO of Sipradi Trading, and Deep Prasad Pandey, CEO of Shikhar Insurance, signed the agreement on behalf of their respective organisations amid a recent event held at the head office of Shikhar Insurance.</p> <p>Sipradi Trading claimed that this cashless insurance is a first of its kind in Nepal.</p> <p>Under this scheme, customers of Tata vehicles can claim insurance claim in case their vehicle meets with an accident.</p> <p>Both the companies claimed that such arrangements will prove beneficial in providing fast, easily accessible and hassle-free services to their customers.</p> <p>Sipradi Trading said it also plans to collaborate with other insurance companies in the near future with a motive of providing this kind of service to more customers.</p> <p>“New technologies and ever evolving experiments like progressive insurance were discussed during the event. The benefit of collaboration between multiple companies was also a major focus of the event,” the statement said.</p> ', 'published' => true, 'created' => '2018-11-19', 'modified' => '2018-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '9226', 'image' => '20181119010644_CashlessInsurance_officialSigning00.jpg', 'article_date' => '2018-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '9447', 'article_category_id' => '1', 'title' => 'Surya Nepal, Siddhartha Rana highest taxpayers', 'sub_title' => '', 'summary' => 'November 18: Multinational company Surya Nepal has become the highest tax payer for the third time.', 'content' => '<p>November 18: Multinational company Surya Nepal has become the highest tax payer for the third time. Likewise, Siddhartha Shumsher Rana was the highest taxpayer under the individual category for the last fiscal year. Rana, who has hotel, trekking and various other businesses, has been the highest tax payer for the past five years.</p> <p>Surya Nepal and Rana were honoured by the Inland Revenue Department on the occasion of the 7th National Tax Day on Saturday.</p> <p>Finance Minister Dr Yuvraj Khatiwada honoured the taxpayers in various 15 categories.</p> <p>The government said that the highest taxpayers were honoured to promote taxpaying culture.</p> <p>Others companies to be honored during the programme are Dabur Nepal, Himal Power Ltd, Agriculture and Livestock Probiotic Industry, the Chhimek Cooperatives, Nabil Bank, Nepal Punarbeema (Re-Insurance) Company, Nobel Medical College, F1 Soft Information and Taragaon Regency Hotel.</p> <p> </p> <p style="text-align:justify"><strong>List of Winners Category</strong></p> <p style="text-align:justify">Surya Nepal Income Tax</p> <p style="text-align:justify">Ghorahi Cement Excise Duty</p> <p style="text-align:justify">Dabur Nepal Importer</p> <p style="text-align:justify">Himal Power Ltd Industry</p> <p style="text-align:justify">Pro-biotic Industry (Nimbus) Agriculture and Livestock</p> <p style="text-align:justify">Chhimek Cooperatives Finance Company</p> <p style="text-align:justify">Nabil Bank BFI</p> <p style="text-align:justify">Nobel Medical College Health Institution</p> <p style="text-align:justify">Nepal Punarbeema (Re-Insurance) Company Insurance</p> <p style="text-align:justify">F1 Soft Information IT</p> <p style="text-align:justify">Taragaon Regency Hotel Tourism</p> <p style="text-align:justify">Sipradi Trading Business</p> <p style="text-align:justify">Nepal Investment Pvt Ltd Annual transaction of Rs 400 million</p> <p style="text-align:justify">Nepse Annual transaction between Rs 400 to 800 million</p> <p style="text-align:justify">Siddhartha Shumsher Rana Individual</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-28', 'keywords' => '', 'description' => '', 'sortorder' => '9225', 'image' => '20181118041939_Clipboard01-18.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '9446', 'article_category_id' => '1', 'title' => 'Textile Industries Shut Across Nation', 'sub_title' => '', 'summary' => 'November 18: Textile manufacturers of Nepal shut down their factories across the nation on Saturday to protest against the government decision to remove value added tax (VAT) exemption on textiles.', 'content' => '<p>November 18: Textile manufacturers of Nepal shut down their factories across the nation on Saturday to protest against the government decision to remove value added tax (VAT) exemption on textiles.</p> <p>The government had announced to cancel the VAT refund system during the budget speech. The decision came into effect from the starting of the current fiscal year.</p> <p>The textile manufacturers shut down a total of 250 industries across the nation to pressurize the government to roll back the decision to cancel VAT exemption on textiles.</p> <p>A total of 50,000 employees and their families will be directly affected from the indefinite protest by the textile manufactures against the government.</p> <p>Organizing a press meet in Kathmandu on Saturday, textile manufacturers said they will go for stern protest if their demands are not addressed by November 23.</p> <p>Addressing the meet, Sailendra Pradhan, president of Nepal Textile Industries Association (NTIA), said that the textile manufactures had urged the government to roll back its decision.</p> <p>“As the government was reluctant to address our demands, we textile manufacturers had no option left than to shut down the factories,” he said, adding that it has been very difficult to compete with foreign textiles, and the decision has further hit the sector.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9224', 'image' => '20181118041106_kapada-1.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '9444', 'article_category_id' => '1', 'title' => 'Experts Warn Against Growing Fiscal Anarchism', 'sub_title' => '', 'summary' => 'November 18: Growing fiscal anarchism if shifted to province and local level will be disastrous, experts pointed out during an interaction program held in Kathmandu on November 16.', 'content' => '<p>November 18: Growing fiscal anarchism if shifted to province and local level will be disastrous, experts pointed out during an interaction program held in Kathmandu on November 16.</p> <p>The programme ‘Public Expenditure System in Federal Structure: Opportunities and Challenges’ was jointly organized by Public Expenditure Review Commission (PERC) and South Asia Watch on Trade, Economics and Environment (SAWTEE) to discuss the complexities of public expenditure in the fledgling federal system, especially in the context of agricultural development.</p> <p>Dr Dilli Raj Khanal, chairman of PERC pointed out that one of the biggest reasons for the mismanaged public expenditure was the tendency of starting projects without proper readiness in terms of planning, which created complications during implementation leading to unspent budget allocation.</p> <p>Therefore he emphasized on spending substantial amount of time on planning and preparedness which would then ensure effective implementation.</p> <p>Dr Posh Raj Pandey, executive director of SAWTEE, also cautioned that Nepal’s current expenditure allocation had been growing since some time and increased number of administrative units would further add to it. He pointed out that growing fiscal anarchism were shown by tendency of allocating budget without figuring out the sources of funds and projects being launched without completing necessary pre-requisites. Lack of preparation causes projects to suffer cost and time over-run making the administration inefficient, he said. He cautioned that lack of accountability in maintaining budgetary discipline may lead to provincial and local level governments replicating similar tendencies compromising their absorptive capacity.</p> <p>He further added that the constitutional provisions of creating overlap between the responsibilities of different tiers of government may be a potential source of conflict. Similarly the imposition of export or business taxes in agricultural produce and the tendency to use agriculture related conditional grants to other sectors may hinder agricultural development. </p> <p>Referring to mismatched project prioritization and budget allocation, Balananda Poudel, former secretary and chairman of Local Bodies Restructuring Commission said that government needed to effectively implement medium-term expenditure framework even at provincial and local levels. He urged PERC to become proactive in questioning government and its entities at all levels on their expenditure policy and patterns to instill a sense of accountability. </p> <p>Participants included representatives of federal and provincial governments, including secretaries, joint secretaries; representatives of municipal and rural councils also shared their experiences. They emphasized that the lack of sufficient personnel and procedural confusion had created problem in service delivery thus creating inefficiency. Similarly, they also urged the federal government to set up a centralized and uniform accounting and reporting information technology for efficient and integrated system.</p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9223', 'image' => '20181118103416_sawtee public expenditure.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '9445', 'article_category_id' => '249', 'title' => 'King’s College to host Int’l Conference in Dhangadhi', 'sub_title' => '', 'summary' => 'November 18: King’s College is all set to host its third annual international conference on entrepreneurship in Dhangadhi of Sudurpaschim Province from November 22-24.', 'content' => '<p>November 18: King’s College is all set to host its third annual international conference on entrepreneurship in Dhangadhi of Sudurpaschim Province from November 22-24.</p> <p>The college believes that the “Entrepreneurship and Economic Growth in Federal Nepal” conference will help to foster dialogue and initiate action in entrepreneurship ecosystem of all provinces.</p> <p>“With the country adopting the federal model, we believe the spirit of entrepreneurship should not limit to Kathmandu but have equal share for the people across the nation,” informed Narottam Aryal, principal of King’s College, adding, “As an academic institute, we, therefore, want to provide a global platform to debate, build on good practice and seek noble solutions to flourish entrepreneurial ecosystem in the country and thus contribute to economic growth.”</p> <p>Coordinator of the conference Chittaranjan Pandey said that the conference will support all stakeholders involved in the process of current transition from the centralized government to the local levels. He further informed that the conference aims to touch upon some of the key issues that are crucial for driving entrepreneurial initiatives under Nepal’s decentralized economy.</p> <p>The sub-themes of the conference include Federal, Provincial and Local Policies; Social Entrepreneurship; Technology, Innovation and Entrepreneurship; Private Sector and Entrepreneurship; and Vision 2030, SDGs and Entrepreneurship.</p> <p>Issuing a press statement, the college informed that the conference will include plenary and parallel sessions, presentations and discussions of academic research, policy-driven and reflective papers, networking opportunities for the future, showcase of entrepreneurial ventures, social Interactions and awards for two best papers.</p> <p>The college will host the conference in collaboration with Dhangadhi Sub-Metropolitan City and with the support of Sudurpaschim provincal government. Representatives from the government, private sector, entrepreneurs, academia, development partners and students, among others will participate in the three-day event.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9222', 'image' => '20181118034835_aaaa.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '9442', 'article_category_id' => '144', 'title' => 'Nepal Can Boost Growth by Bolstering Private Sector: World Bank/IFC Study', 'sub_title' => '', 'summary' => 'November 18: Nepal can boost sustainable investment and accelerate productivity with a comprehensive growth strategy that focuses on enabling the private sector and removing constraints to competitiveness by focusing on five priority sectors—tourism, agribusiness, education, health, and information technology, according to a new study by the World Bank and IFC.', 'content' => '<p>November 18: Nepal can boost sustainable investment and accelerate productivity with a comprehensive growth strategy that focuses on enabling the private sector and removing constraints to competitiveness by focusing on five priority sectors—tourism, agribusiness, education, health, and information technology, according to a new study by the World Bank and IFC.</p> <p>The two institutions’ first joint Country Private Sector Diagnostic for Nepal found that institutional challenges and a demanding geography have made it difficult for Nepal to build on its unique advantages. These obstacles can be overcome with a new approach that focuses on strengthening institutions, infrastructure, and connectivity, while removing investment barriers, reads a joint statement issued by the two institutions.</p> <p>Prepared in close consultation with the government and other stakeholders, the report, Creating Markets in Nepal, assesses opportunities and provides recommendations and policy reforms that could enable the growth of a competitive private sector.</p> <p> “Cross-cutting constraints need to be addressed to attract private investment and expertise,” the statement quoted Nena Stoiljkovic, IFC Regional Vice President for Asia, as saying. “Simpler regulations, better infrastructure, stronger institutions, and more developed human capital can open the doors to investment.”</p> <p>In recent years, Nepal has made considerable progress in reducing poverty—from 46 percent in 1996 to 15 percent in 2011—but remains one of Asia’s poorest and slowest-growing economies, the report said.</p> <p>According to the World Bank, over the past 20 years, Nepal’s real GDP growth rate has hovered around 4 percent per year, 2.5 percentage points below the South Asian average. Remittances from Nepalese working abroad play a significant role in the country’s economy, accounting for 26 percent of the GDP in 2017, but can fluctuate greatly because of shifts in global economic conditions.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9220', 'image' => '20181118033448_CPSD 1.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 9 => array( 'Article' => array( 'id' => '9441', 'article_category_id' => '249', 'title' => 'India Builds 3 Educational Institutions in Kaski District', 'sub_title' => '', 'summary' => 'November 18: Minister for Culture, Tourism and Civil Aviation Rabindra Adhikari inaugurated Shree Saraswati Tika Higher Secondary School, in Lekhnath Municipality built with Indian assistance worth Rs 37.1 million.', 'content' => '<p>November 18: Minister for Culture, Tourism and Civil Aviation Rabindra Adhikari inaugurated Shree Saraswati Tika Higher Secondary School, in Lekhnath Municipality built with Indian assistance worth Rs 37.1 million.</p> <p>Issuing a statement, the Indian Embassy in Kathmandu said that the School is affiliated to the National Examination Board (NEB) and offers plus two (10+2) programs, and has about 1100 students of which about 45 percent are girls.</p> <p>Likewise, the Indian Embassy said that other two educational institutions – Shree Laxmi Adarsha Multiple Campus and Gupteshwar Mahadev Multiple Campus – were also built with Indian assistance of Rs 48.40 million and 41.10 million respectively.</p> <p>The embassy expressed its belief that the newly built infrastructures would not only boost the learning environment of students but also enhance access to education to students of Kaski, Syangia, Parbat, Myagdi, and Tanahun districts.</p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9219', 'image' => '20181118101559_india.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '9440', 'article_category_id' => '230', 'title' => 'OYO Hotels appoints Aditya Ghosh as CEO for South Asia', 'sub_title' => '', 'summary' => 'November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South Asia.', 'content' => '<p>November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South Asia. Issuing a statement, OYO said that his appointment will be effective from December 1.</p> <p>“This appointment comes as a part of the company’s efforts to continue to invest in and attract world-class leadership, in the wake of its focus to drive accelerated growth in its home markets - India and China,” the statement said.</p> <p>According to the hotel, Ghosh is a proven professional with over 21 years of experience and is entrusted with the responsibility to oversee and grow OYO Hotels business in South Asia, which will include, India, Nepal, and the other upcoming markets in the region.</p> <p>He will focus on continuing to drive growth while delivering high-quality customer experience and sustained yields for asset owners.</p> <p>Commenting on the appointment, Ritesh Agarwal, founder and group CEO of OYO Hotels and Homes, said, ‘’In the last five years, OYO Hotels and Homes expanded its global footprints to over 500+ cities in seven countries, from Indonesia to the UK, with China and India as home markets. As we grow our business, we feel it is essential to continue to invest in building one of the most influential leadership teams and bringing in professionals with an entrepreneurial mindset and from diverse backgrounds, that can help lead the next wave of growth at OYO Hotels.”</p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9218', 'image' => '20181118100515_Aditya Ghosh, CEO India and SA, OYO.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '9439', 'article_category_id' => '223', 'title' => 'Norvic bags Business Excellence in Health Care Award', 'sub_title' => '', 'summary' => 'November 18: Norvic International Hospital has been conferred the ‘Business Excellence in Health Care’ award, a global recognition from the World Confederation of Businesses (WORLDCOB), Texas, USA during the Bizz Award ceremony.', 'content' => '<p>November 18: Norvic International Hospital has been conferred the ‘Business Excellence in Health Care’ award, a global recognition from the World Confederation of Businesses (WORLDCOB), Texas, USA during the Bizz Award ceremony.</p> <p>Deputy Prime Minister and the Minister for Health and Population Upendra Yadav handed over the award to the Managing Director of Norvic, Megha Chaudhary, amidst an award ceremony in Kathmandu on Friday November 16.</p> <p>Norvic said in a statement that it has also been awarded with the elite membership of the global recognition body, the WORLDCOB. The membership was conferred to the chairman of the hospital Basant Chaudhary.</p> <p>The Bizz Award ceremony gathers and recognizes leading businesses from different regions globally that contribute to the growth of their economy with ethnical practices, reads the statement. The Bizz Award was created by WORLDCOB to offer global business leaders a range of benefits that further enhances their image.</p> <p>While delivering her welcome note, Megha Chaudhary said during the award ceremony that Norvic would work optimum hard to further modernize its services.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9217', 'image' => '20181118095120_PVJD8572.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '9438', 'article_category_id' => '73', 'title' => 'Nepal reaffirms commitment to maintain transparency in aid', 'sub_title' => '', 'summary' => 'November 16: Finance Minister Yubaraj Khatiwada reaffirmed Nepal’s commitment to maintain transparency in aid during the annual meeting of the International Aid Transparency Initiative’s (IATI) Technical Advisory Group (TAG) in Kathmandu from November 13 to 15.', 'content' => '<p>November 16: Finance Minister Yubaraj Khatiwada reaffirmed Nepal’s commitment to maintain transparency in aid during the annual meeting of the International Aid Transparency Initiative’s (IATI) Technical Advisory Group (TAG) in Kathmandu from November 13 to 15.</p> <p>More than 160 expert practitioners from governments, development partners, the private sector and civil society met to discuss increasing the transparency of external resources to partner countries like Nepal during the meeting held for the first time in Asia.</p> <p>IATI was established to support partner countries by improving the availability of data on aid flows, enabling more effective planning and management of national budgets. At the same time, publishing data to IATI allows development partners to meet their own commitments on transparency, and for civil society and the media to hold governments to accountable for the use of resources, the organisers said in a statement.</p> <p>Delivering his remarks to TAG members, Minister Khatiwada underscored the importance of partner countries and noted that this data is crucial to maximise the impact of all development resources and meet the country’s own development priorities.</p> <p>The statement said that international development cooperation is a key component of the overall development financing landscape in Nepal. In the fiscal year 2017-2018, over USD 1.5 billion of aid was disbursed in Nepal, and in recent years, aid has accounted for about 25 percent of the national budget annually.</p> <p>The National Planning Commission estimates that to achieve the Sustainable Development Goals, aid flow to Nepal must double from 2016 levels.</p> <p>UNDP Country Director Renaud Meyer and Rurik Marsden, chief of DFID Nepal, also attended the meeting, signaling strong support for IATI from the multi-lateral and development partner communities.</p> <p>Renaud Meyer noted in his opening remarks that ‘the success of IATI reflects its relevance as well as the consensus that accurate and transparent development data is critical for action at the country level’.</p> <p>Started as a ‘coalition of the willing’ of 14 development partners in 2008, IATI has now over 90 members and close to 900 publishers who have recognised the importance of high-quality funding data in support of sustainable development. More than 1.1 million development projects are now published and regularly updated according to the global reporting standard known as the IATI Standard.</p> <p>As Coordinator of the IATI Secretariat, the United Nations Development Programme will continue to advocate for and support increased use of IATI data at the county level for maximum sustainable development and impactful responses to poverty and crises.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-16', 'modified' => '2018-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '9216', 'image' => '20181116033312_yub raj khatiwada (1).jpg', 'article_date' => '2018-11-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '9433', 'article_category_id' => '56', 'title' => 'OPPO A7 Available in Market', 'sub_title' => 'First sales event fully charged up with Swastima Khadka's presence', 'summary' => 'November 16: OPPO officially started the sales of its much-awaited A7 smartphone from Thursday, November 15. ', 'content' => '<p>November 16: OPPO officially started the sales of its much-awaited A7 smartphone from Thursday, November 15. Organizing a grand sales event at OPPO's official showroom at Pako, Newroad, the pre-bookers were handed over with the OPPO A7 with autographs of its newly appointed brand ambassador Swastima Khadka, a popular Nepali actress.</p> <p> Hyped as bigger battery phone, the company said that the OPPO A7 is believed to upraise the legacy of A series to newer height with powerful battery, premium design and AI enabled cameras.</p> <p>With powerful batteries and affordable pricing, the A series has been among OPPO’s best-selling smartphones since its launch, according to the company.</p> <p>The Chinese company said that the all-new OPPO A7, equipped with a 16 Megapixel front camera with AI 2.0 and a 13MP+2MP dual rear cameras and a 4230 mAh battery is expected to fulfill the needs of the customers. The new smartphone is priced at Rs 35,790.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-16', 'modified' => '2018-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '9215', 'image' => '20181116010140_New_1481.jpg', 'article_date' => '2018-11-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '9434', 'article_category_id' => '37', 'title' => 'Nepal to participate in Tea and Coffee Expo in India', 'sub_title' => '', 'summary' => 'November 16: Nepali tea manufacturers are all set to participate in the 6th Mumbai World Tea Coffee Expo 2018 to be held in Mumbai, India from November 29 to December 1.', 'content' => '<p>November 16: Nepali tea manufacturers are all set to participate in the 6th Mumbai World Tea Coffee Expo 2018 to be held in Mumbai, India from November 29 to December 1.</p> <p>The organisers claimed that global companies are converging for the expo with India growing leaps and bounds in the tea and coffee sector – both in terms of production and consumption as well as innovation.</p> <p>According to the organisers, WTCE marks South Asia’s largest dedicated annual business gathering of the tea, coffee and related segments. The expo offers huge potential for appointing distributors, bulk deals, joint ventures, franchising, networking, meeting government officials, marketing alliances and overall branding, reads a statement issued by Sentinel Exhibitions Asia Pvt Ltd, the organiser.</p> <p>With 70+ exhibitors from seven countries including government pavilions and anticipated 4000+ trade visitors from across the world, companies participating at WTCE 2018 can expand their foothold in the market or enter newer markets, according to the organiser.</p> <p>“The show has become the ideal launch pad for new products especially for SMEs who don’t have large budgets,” the statement said.</p> <p>The 2018 edition shall feature tea and coffee brands/products, machineries, innovative technologies, flavours, ingredients, sugar/sweeteners, vending solutions, packaging, certifications, boards etc from Indonesia, Japan, Sri Lanka, Vietnam, Australia, Nepal and India.</p> ', 'published' => true, 'created' => '2018-11-16', 'modified' => '2018-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '9214', 'image' => '20181116014039_pre.jpg', 'article_date' => '2018-11-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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' => '9452', 'article_category_id' => '1', 'title' => 'Textile Manufacturers’ Protest Called Off', 'sub_title' => '', 'summary' => 'November 19: Textile manufactures of Nepal have called off their protest against the government decision to remove value added tax (VAT) exemption on textiles.', 'content' => '<p>November 19: Textile manufactures of Nepal have called off their protest against the government decision to remove value added tax (VAT) exemption on textiles. The protest was called off after Finance Minister Yuba Raj Khatiwada requested for 10 days time to resolve the problem.</p> <p>The textile manufacturers had announced of the protest from Saturday saying that they have not been getting positive response from the discussion with the government regarding the Value Added Tax (VAT) debate. The government had announced to cancel the 13 percent VAT refund it had been providing during the budget speech in response to which the manufacturers had claimed that it was hard for them to sustain in the competitive market.</p> <p>The government had called the protestors for discussion on Sunday, November 18. The indefinite protest by textile manufacturers against the government had direct affected 50,000 employees and around 200,000 family members. </p> <p>Sailendra Lal Pradhan, president of Nepal Textile Industries Association (NTIA), informed NBA that the meeting was positive. He said, “The finance minister was positive at the meeting. He has asked for some time to have discussion in the parliament. We are hopeful.”</p> <p>Textile manufacturers of Nepal had shut down their factories across the nation on Saturday to protest against the government decision to remove value added tax (VAT) exemption on textiles.</p> <p>The decision came into effect from the starting of the current fiscal year.</p> <p>The textile manufacturers shut down a total of 250 industries across the nation to pressurize the government to roll back the decision to cancel VAT exemption on textiles.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-11-19', 'modified' => '2018-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '9229', 'image' => '20181119020626_yub raj khatiwada (3).jpg', 'article_date' => '2018-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '9450', 'article_category_id' => '161', 'title' => 'European Investment Bank visit to highlight engagement in Nepal', 'sub_title' => '', 'summary' => 'November 19: A high-level delegation of European Development Bank is preparing to visit Nepal this week to discuss about investing in renewable and clean energy.', 'content' => '<p>November 19: A high-level delegation of European Development Bank is preparing to visit Nepal this week to discuss about investing in renewable and clean energy.</p> <p>Issuing a joint the bank and the European Union said that Andrew McDowell, vice president of the European Investment Bank responsible for South Asia and global energy activity, accompanied by a high-level delegation, will make a four-day visit to Nepal at the start of a South Asia regional visit this week.</p> <p>“Nepal has shown how investment in renewable energy can both transform access to electricity and harness clean power sources to benefit rural communities. The European Investment Bank is committed to supporting transformational climate related investment across Asia and my team and I look forward to discussing how the European Union’s Bank can strengthen engagement in Nepal in the years ahead,” the statement quoted McDowell as saying.</p> <p>During his visit, McDowell will meet Prime Minister KP Oli and other ministers, diplomats and business representatives to discuss future European Investment Bank engagement in Nepal.</p> <p>He will also attend a ground-breaking ceremony to formally mark the start of construction of the Chilime-Trishuli transmission line by the Nepal Electricity Authority. The project is partly financed by the European Investment Bank under its largest single project in Nepal.</p> <p>The European Investment Bank, which is owned directly by the 28 European Union member states, supports investment in 160 countries worldwide and activity in Asia focuses on support for climate related investment.</p> <p>The European Investment Bank has provided more than 190 million euros for energy investment across Nepal over the last five years.</p> <p>“The European Union and Nepal recognise the challenges of a changing climate and the importance of new climate related investment. This week’s visit by the delegation from the European Investment Bank, the EU Bank, will allow future investment to be considered and recent support for rural electrification in Trishuli to be seen at first hand,” said Veronica Cody, ambassador and head of the European Union Delegation to Nepal.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-19', 'modified' => '2018-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '9228', 'image' => '20181119014925_eu_flag.jpg', 'article_date' => '2018-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '9448', 'article_category_id' => '220', 'title' => 'World Bank Committed to Support Nepal’s Development Goals', 'sub_title' => '', 'summary' => 'November 19: World Bank’s vice president for South Asia Region, Hartwig Schafer, reiterated the World Bank’s commitment to support Nepal in its ambitious transition to federalism, as he concluded a five-day visit to the country on Sunday, November 18.', 'content' => '<p>November 19: World Bank’s vice president for South Asia Region, Hartwig Schafer, reiterated the World Bank’s commitment to support Nepal in its ambitious transition to federalism, as he concluded a five-day visit to the country on Sunday, November 18.</p> <p>During his meeting with Prime Minister KP Sharma Oli, Schafer congratulated the government’s visionary goal of reaching middle-income country status by 2030. The World Bank said in a statement that Schafer also reaffirmed the World Bank’s commitment to support government priorities, and to help the country raise additional finance from a broader range of sources.</p> <p>In his meeting with Finance Minister Dr Yuba Raj Khatiwada, Schafer also discussed further support to the federalism transition, as well as the planned International Investors’ Conference in 2019 in support of Nepal’s agenda to crowd in private finance for development.</p> <p>“With a stable government that has prioritized broad-based reforms and private sector-driven growth, I am positive that Nepal can achieve higher growth rates for the next several years. To sustain such growth, we want to help Nepal mobilize investments from sources that go beyond traditional development finance. We call this approach Maximizing Finance for Development. Private sector investment will only come if there is a transparent, conducive policy environment,” he said, adding, “Nepal is one of the first countries where we are approaching this in a systematic way with the World Bank, IFC and MIGA coming in and helping to provide a platform for private investments in the energy, technology, and other sectors. This will also create jobs for more and more Nepalis, which is the need of the hour.”</p> <p>The Vice President also had a joint field visit with Finance Minister Khatiwada and Minister for Energy, Water Resources and Irrigation Barsha Man Pun to discuss the potential of tourism, hydropower and private sector investment in the country. The team visited Solukhumbu and Sankhuwasabha districts before seeing houses being rebuilt after the earthquake in the Majhi settlement of Gaikhura in Manthali Municipality, Ramechhap. </p> <p>In Kathmandu, Schafer participated in the launch of a joint report of the World Bank Group entitled “Country Private Sector Diagnostic: Creating Markets in Nepal”. He was also part of the signing of two agreements between the Government of Nepal and the World Bank. The agreements, totaling US$ 155.7 million, will be invested in the construction and maintenance of safe, resilient and cost-effective bridges in Nepal, and in improving food security of vulnerable households and communities.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-19', 'modified' => '2018-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '9227', 'image' => '20181119125729_VP Hart Schafer in front of Boudhanath.jpg', 'article_date' => '2018-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '9449', 'article_category_id' => '264', 'title' => 'Sipradi Trading’s Cashless Insurance Anchor', 'sub_title' => 'Sipradi Trading and Shikhar Insurance sign agreement on Cashless Insurance', 'summary' => 'November 19: Sipradi Trading, the sole distributor of Tata motors in Nepal, has signed an agreement with Shikhar Insurance Company for cashless insurance.', 'content' => '<p>November 19: Sipradi Trading, the sole distributor of Tata motors in Nepal, has signed an agreement with Shikhar Insurance Company for cashless insurance.</p> <p>According to a statement issued by Sipradi Trading, Rajan Babu Shrestha, CEO of Sipradi Trading, and Deep Prasad Pandey, CEO of Shikhar Insurance, signed the agreement on behalf of their respective organisations amid a recent event held at the head office of Shikhar Insurance.</p> <p>Sipradi Trading claimed that this cashless insurance is a first of its kind in Nepal.</p> <p>Under this scheme, customers of Tata vehicles can claim insurance claim in case their vehicle meets with an accident.</p> <p>Both the companies claimed that such arrangements will prove beneficial in providing fast, easily accessible and hassle-free services to their customers.</p> <p>Sipradi Trading said it also plans to collaborate with other insurance companies in the near future with a motive of providing this kind of service to more customers.</p> <p>“New technologies and ever evolving experiments like progressive insurance were discussed during the event. The benefit of collaboration between multiple companies was also a major focus of the event,” the statement said.</p> ', 'published' => true, 'created' => '2018-11-19', 'modified' => '2018-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '9226', 'image' => '20181119010644_CashlessInsurance_officialSigning00.jpg', 'article_date' => '2018-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '9447', 'article_category_id' => '1', 'title' => 'Surya Nepal, Siddhartha Rana highest taxpayers', 'sub_title' => '', 'summary' => 'November 18: Multinational company Surya Nepal has become the highest tax payer for the third time.', 'content' => '<p>November 18: Multinational company Surya Nepal has become the highest tax payer for the third time. Likewise, Siddhartha Shumsher Rana was the highest taxpayer under the individual category for the last fiscal year. Rana, who has hotel, trekking and various other businesses, has been the highest tax payer for the past five years.</p> <p>Surya Nepal and Rana were honoured by the Inland Revenue Department on the occasion of the 7th National Tax Day on Saturday.</p> <p>Finance Minister Dr Yuvraj Khatiwada honoured the taxpayers in various 15 categories.</p> <p>The government said that the highest taxpayers were honoured to promote taxpaying culture.</p> <p>Others companies to be honored during the programme are Dabur Nepal, Himal Power Ltd, Agriculture and Livestock Probiotic Industry, the Chhimek Cooperatives, Nabil Bank, Nepal Punarbeema (Re-Insurance) Company, Nobel Medical College, F1 Soft Information and Taragaon Regency Hotel.</p> <p> </p> <p style="text-align:justify"><strong>List of Winners Category</strong></p> <p style="text-align:justify">Surya Nepal Income Tax</p> <p style="text-align:justify">Ghorahi Cement Excise Duty</p> <p style="text-align:justify">Dabur Nepal Importer</p> <p style="text-align:justify">Himal Power Ltd Industry</p> <p style="text-align:justify">Pro-biotic Industry (Nimbus) Agriculture and Livestock</p> <p style="text-align:justify">Chhimek Cooperatives Finance Company</p> <p style="text-align:justify">Nabil Bank BFI</p> <p style="text-align:justify">Nobel Medical College Health Institution</p> <p style="text-align:justify">Nepal Punarbeema (Re-Insurance) Company Insurance</p> <p style="text-align:justify">F1 Soft Information IT</p> <p style="text-align:justify">Taragaon Regency Hotel Tourism</p> <p style="text-align:justify">Sipradi Trading Business</p> <p style="text-align:justify">Nepal Investment Pvt Ltd Annual transaction of Rs 400 million</p> <p style="text-align:justify">Nepse Annual transaction between Rs 400 to 800 million</p> <p style="text-align:justify">Siddhartha Shumsher Rana Individual</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-28', 'keywords' => '', 'description' => '', 'sortorder' => '9225', 'image' => '20181118041939_Clipboard01-18.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '9446', 'article_category_id' => '1', 'title' => 'Textile Industries Shut Across Nation', 'sub_title' => '', 'summary' => 'November 18: Textile manufacturers of Nepal shut down their factories across the nation on Saturday to protest against the government decision to remove value added tax (VAT) exemption on textiles.', 'content' => '<p>November 18: Textile manufacturers of Nepal shut down their factories across the nation on Saturday to protest against the government decision to remove value added tax (VAT) exemption on textiles.</p> <p>The government had announced to cancel the VAT refund system during the budget speech. The decision came into effect from the starting of the current fiscal year.</p> <p>The textile manufacturers shut down a total of 250 industries across the nation to pressurize the government to roll back the decision to cancel VAT exemption on textiles.</p> <p>A total of 50,000 employees and their families will be directly affected from the indefinite protest by the textile manufactures against the government.</p> <p>Organizing a press meet in Kathmandu on Saturday, textile manufacturers said they will go for stern protest if their demands are not addressed by November 23.</p> <p>Addressing the meet, Sailendra Pradhan, president of Nepal Textile Industries Association (NTIA), said that the textile manufactures had urged the government to roll back its decision.</p> <p>“As the government was reluctant to address our demands, we textile manufacturers had no option left than to shut down the factories,” he said, adding that it has been very difficult to compete with foreign textiles, and the decision has further hit the sector.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9224', 'image' => '20181118041106_kapada-1.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '9444', 'article_category_id' => '1', 'title' => 'Experts Warn Against Growing Fiscal Anarchism', 'sub_title' => '', 'summary' => 'November 18: Growing fiscal anarchism if shifted to province and local level will be disastrous, experts pointed out during an interaction program held in Kathmandu on November 16.', 'content' => '<p>November 18: Growing fiscal anarchism if shifted to province and local level will be disastrous, experts pointed out during an interaction program held in Kathmandu on November 16.</p> <p>The programme ‘Public Expenditure System in Federal Structure: Opportunities and Challenges’ was jointly organized by Public Expenditure Review Commission (PERC) and South Asia Watch on Trade, Economics and Environment (SAWTEE) to discuss the complexities of public expenditure in the fledgling federal system, especially in the context of agricultural development.</p> <p>Dr Dilli Raj Khanal, chairman of PERC pointed out that one of the biggest reasons for the mismanaged public expenditure was the tendency of starting projects without proper readiness in terms of planning, which created complications during implementation leading to unspent budget allocation.</p> <p>Therefore he emphasized on spending substantial amount of time on planning and preparedness which would then ensure effective implementation.</p> <p>Dr Posh Raj Pandey, executive director of SAWTEE, also cautioned that Nepal’s current expenditure allocation had been growing since some time and increased number of administrative units would further add to it. He pointed out that growing fiscal anarchism were shown by tendency of allocating budget without figuring out the sources of funds and projects being launched without completing necessary pre-requisites. Lack of preparation causes projects to suffer cost and time over-run making the administration inefficient, he said. He cautioned that lack of accountability in maintaining budgetary discipline may lead to provincial and local level governments replicating similar tendencies compromising their absorptive capacity.</p> <p>He further added that the constitutional provisions of creating overlap between the responsibilities of different tiers of government may be a potential source of conflict. Similarly the imposition of export or business taxes in agricultural produce and the tendency to use agriculture related conditional grants to other sectors may hinder agricultural development. </p> <p>Referring to mismatched project prioritization and budget allocation, Balananda Poudel, former secretary and chairman of Local Bodies Restructuring Commission said that government needed to effectively implement medium-term expenditure framework even at provincial and local levels. He urged PERC to become proactive in questioning government and its entities at all levels on their expenditure policy and patterns to instill a sense of accountability. </p> <p>Participants included representatives of federal and provincial governments, including secretaries, joint secretaries; representatives of municipal and rural councils also shared their experiences. They emphasized that the lack of sufficient personnel and procedural confusion had created problem in service delivery thus creating inefficiency. Similarly, they also urged the federal government to set up a centralized and uniform accounting and reporting information technology for efficient and integrated system.</p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9223', 'image' => '20181118103416_sawtee public expenditure.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '9445', 'article_category_id' => '249', 'title' => 'King’s College to host Int’l Conference in Dhangadhi', 'sub_title' => '', 'summary' => 'November 18: King’s College is all set to host its third annual international conference on entrepreneurship in Dhangadhi of Sudurpaschim Province from November 22-24.', 'content' => '<p>November 18: King’s College is all set to host its third annual international conference on entrepreneurship in Dhangadhi of Sudurpaschim Province from November 22-24.</p> <p>The college believes that the “Entrepreneurship and Economic Growth in Federal Nepal” conference will help to foster dialogue and initiate action in entrepreneurship ecosystem of all provinces.</p> <p>“With the country adopting the federal model, we believe the spirit of entrepreneurship should not limit to Kathmandu but have equal share for the people across the nation,” informed Narottam Aryal, principal of King’s College, adding, “As an academic institute, we, therefore, want to provide a global platform to debate, build on good practice and seek noble solutions to flourish entrepreneurial ecosystem in the country and thus contribute to economic growth.”</p> <p>Coordinator of the conference Chittaranjan Pandey said that the conference will support all stakeholders involved in the process of current transition from the centralized government to the local levels. He further informed that the conference aims to touch upon some of the key issues that are crucial for driving entrepreneurial initiatives under Nepal’s decentralized economy.</p> <p>The sub-themes of the conference include Federal, Provincial and Local Policies; Social Entrepreneurship; Technology, Innovation and Entrepreneurship; Private Sector and Entrepreneurship; and Vision 2030, SDGs and Entrepreneurship.</p> <p>Issuing a press statement, the college informed that the conference will include plenary and parallel sessions, presentations and discussions of academic research, policy-driven and reflective papers, networking opportunities for the future, showcase of entrepreneurial ventures, social Interactions and awards for two best papers.</p> <p>The college will host the conference in collaboration with Dhangadhi Sub-Metropolitan City and with the support of Sudurpaschim provincal government. Representatives from the government, private sector, entrepreneurs, academia, development partners and students, among others will participate in the three-day event.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9222', 'image' => '20181118034835_aaaa.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '9442', 'article_category_id' => '144', 'title' => 'Nepal Can Boost Growth by Bolstering Private Sector: World Bank/IFC Study', 'sub_title' => '', 'summary' => 'November 18: Nepal can boost sustainable investment and accelerate productivity with a comprehensive growth strategy that focuses on enabling the private sector and removing constraints to competitiveness by focusing on five priority sectors—tourism, agribusiness, education, health, and information technology, according to a new study by the World Bank and IFC.', 'content' => '<p>November 18: Nepal can boost sustainable investment and accelerate productivity with a comprehensive growth strategy that focuses on enabling the private sector and removing constraints to competitiveness by focusing on five priority sectors—tourism, agribusiness, education, health, and information technology, according to a new study by the World Bank and IFC.</p> <p>The two institutions’ first joint Country Private Sector Diagnostic for Nepal found that institutional challenges and a demanding geography have made it difficult for Nepal to build on its unique advantages. These obstacles can be overcome with a new approach that focuses on strengthening institutions, infrastructure, and connectivity, while removing investment barriers, reads a joint statement issued by the two institutions.</p> <p>Prepared in close consultation with the government and other stakeholders, the report, Creating Markets in Nepal, assesses opportunities and provides recommendations and policy reforms that could enable the growth of a competitive private sector.</p> <p> “Cross-cutting constraints need to be addressed to attract private investment and expertise,” the statement quoted Nena Stoiljkovic, IFC Regional Vice President for Asia, as saying. “Simpler regulations, better infrastructure, stronger institutions, and more developed human capital can open the doors to investment.”</p> <p>In recent years, Nepal has made considerable progress in reducing poverty—from 46 percent in 1996 to 15 percent in 2011—but remains one of Asia’s poorest and slowest-growing economies, the report said.</p> <p>According to the World Bank, over the past 20 years, Nepal’s real GDP growth rate has hovered around 4 percent per year, 2.5 percentage points below the South Asian average. Remittances from Nepalese working abroad play a significant role in the country’s economy, accounting for 26 percent of the GDP in 2017, but can fluctuate greatly because of shifts in global economic conditions.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9220', 'image' => '20181118033448_CPSD 1.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 9 => array( 'Article' => array( 'id' => '9441', 'article_category_id' => '249', 'title' => 'India Builds 3 Educational Institutions in Kaski District', 'sub_title' => '', 'summary' => 'November 18: Minister for Culture, Tourism and Civil Aviation Rabindra Adhikari inaugurated Shree Saraswati Tika Higher Secondary School, in Lekhnath Municipality built with Indian assistance worth Rs 37.1 million.', 'content' => '<p>November 18: Minister for Culture, Tourism and Civil Aviation Rabindra Adhikari inaugurated Shree Saraswati Tika Higher Secondary School, in Lekhnath Municipality built with Indian assistance worth Rs 37.1 million.</p> <p>Issuing a statement, the Indian Embassy in Kathmandu said that the School is affiliated to the National Examination Board (NEB) and offers plus two (10+2) programs, and has about 1100 students of which about 45 percent are girls.</p> <p>Likewise, the Indian Embassy said that other two educational institutions – Shree Laxmi Adarsha Multiple Campus and Gupteshwar Mahadev Multiple Campus – were also built with Indian assistance of Rs 48.40 million and 41.10 million respectively.</p> <p>The embassy expressed its belief that the newly built infrastructures would not only boost the learning environment of students but also enhance access to education to students of Kaski, Syangia, Parbat, Myagdi, and Tanahun districts.</p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9219', 'image' => '20181118101559_india.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '9440', 'article_category_id' => '230', 'title' => 'OYO Hotels appoints Aditya Ghosh as CEO for South Asia', 'sub_title' => '', 'summary' => 'November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South Asia.', 'content' => '<p>November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South Asia. Issuing a statement, OYO said that his appointment will be effective from December 1.</p> <p>“This appointment comes as a part of the company’s efforts to continue to invest in and attract world-class leadership, in the wake of its focus to drive accelerated growth in its home markets - India and China,” the statement said.</p> <p>According to the hotel, Ghosh is a proven professional with over 21 years of experience and is entrusted with the responsibility to oversee and grow OYO Hotels business in South Asia, which will include, India, Nepal, and the other upcoming markets in the region.</p> <p>He will focus on continuing to drive growth while delivering high-quality customer experience and sustained yields for asset owners.</p> <p>Commenting on the appointment, Ritesh Agarwal, founder and group CEO of OYO Hotels and Homes, said, ‘’In the last five years, OYO Hotels and Homes expanded its global footprints to over 500+ cities in seven countries, from Indonesia to the UK, with China and India as home markets. As we grow our business, we feel it is essential to continue to invest in building one of the most influential leadership teams and bringing in professionals with an entrepreneurial mindset and from diverse backgrounds, that can help lead the next wave of growth at OYO Hotels.”</p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9218', 'image' => '20181118100515_Aditya Ghosh, CEO India and SA, OYO.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '9439', 'article_category_id' => '223', 'title' => 'Norvic bags Business Excellence in Health Care Award', 'sub_title' => '', 'summary' => 'November 18: Norvic International Hospital has been conferred the ‘Business Excellence in Health Care’ award, a global recognition from the World Confederation of Businesses (WORLDCOB), Texas, USA during the Bizz Award ceremony.', 'content' => '<p>November 18: Norvic International Hospital has been conferred the ‘Business Excellence in Health Care’ award, a global recognition from the World Confederation of Businesses (WORLDCOB), Texas, USA during the Bizz Award ceremony.</p> <p>Deputy Prime Minister and the Minister for Health and Population Upendra Yadav handed over the award to the Managing Director of Norvic, Megha Chaudhary, amidst an award ceremony in Kathmandu on Friday November 16.</p> <p>Norvic said in a statement that it has also been awarded with the elite membership of the global recognition body, the WORLDCOB. The membership was conferred to the chairman of the hospital Basant Chaudhary.</p> <p>The Bizz Award ceremony gathers and recognizes leading businesses from different regions globally that contribute to the growth of their economy with ethnical practices, reads the statement. The Bizz Award was created by WORLDCOB to offer global business leaders a range of benefits that further enhances their image.</p> <p>While delivering her welcome note, Megha Chaudhary said during the award ceremony that Norvic would work optimum hard to further modernize its services.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-18', 'modified' => '2018-11-18', 'keywords' => '', 'description' => '', 'sortorder' => '9217', 'image' => '20181118095120_PVJD8572.jpg', 'article_date' => '2018-11-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '9438', 'article_category_id' => '73', 'title' => 'Nepal reaffirms commitment to maintain transparency in aid', 'sub_title' => '', 'summary' => 'November 16: Finance Minister Yubaraj Khatiwada reaffirmed Nepal’s commitment to maintain transparency in aid during the annual meeting of the International Aid Transparency Initiative’s (IATI) Technical Advisory Group (TAG) in Kathmandu from November 13 to 15.', 'content' => '<p>November 16: Finance Minister Yubaraj Khatiwada reaffirmed Nepal’s commitment to maintain transparency in aid during the annual meeting of the International Aid Transparency Initiative’s (IATI) Technical Advisory Group (TAG) in Kathmandu from November 13 to 15.</p> <p>More than 160 expert practitioners from governments, development partners, the private sector and civil society met to discuss increasing the transparency of external resources to partner countries like Nepal during the meeting held for the first time in Asia.</p> <p>IATI was established to support partner countries by improving the availability of data on aid flows, enabling more effective planning and management of national budgets. At the same time, publishing data to IATI allows development partners to meet their own commitments on transparency, and for civil society and the media to hold governments to accountable for the use of resources, the organisers said in a statement.</p> <p>Delivering his remarks to TAG members, Minister Khatiwada underscored the importance of partner countries and noted that this data is crucial to maximise the impact of all development resources and meet the country’s own development priorities.</p> <p>The statement said that international development cooperation is a key component of the overall development financing landscape in Nepal. In the fiscal year 2017-2018, over USD 1.5 billion of aid was disbursed in Nepal, and in recent years, aid has accounted for about 25 percent of the national budget annually.</p> <p>The National Planning Commission estimates that to achieve the Sustainable Development Goals, aid flow to Nepal must double from 2016 levels.</p> <p>UNDP Country Director Renaud Meyer and Rurik Marsden, chief of DFID Nepal, also attended the meeting, signaling strong support for IATI from the multi-lateral and development partner communities.</p> <p>Renaud Meyer noted in his opening remarks that ‘the success of IATI reflects its relevance as well as the consensus that accurate and transparent development data is critical for action at the country level’.</p> <p>Started as a ‘coalition of the willing’ of 14 development partners in 2008, IATI has now over 90 members and close to 900 publishers who have recognised the importance of high-quality funding data in support of sustainable development. More than 1.1 million development projects are now published and regularly updated according to the global reporting standard known as the IATI Standard.</p> <p>As Coordinator of the IATI Secretariat, the United Nations Development Programme will continue to advocate for and support increased use of IATI data at the county level for maximum sustainable development and impactful responses to poverty and crises.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-16', 'modified' => '2018-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '9216', 'image' => '20181116033312_yub raj khatiwada (1).jpg', 'article_date' => '2018-11-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '9433', 'article_category_id' => '56', 'title' => 'OPPO A7 Available in Market', 'sub_title' => 'First sales event fully charged up with Swastima Khadka's presence', 'summary' => 'November 16: OPPO officially started the sales of its much-awaited A7 smartphone from Thursday, November 15. ', 'content' => '<p>November 16: OPPO officially started the sales of its much-awaited A7 smartphone from Thursday, November 15. Organizing a grand sales event at OPPO's official showroom at Pako, Newroad, the pre-bookers were handed over with the OPPO A7 with autographs of its newly appointed brand ambassador Swastima Khadka, a popular Nepali actress.</p> <p> Hyped as bigger battery phone, the company said that the OPPO A7 is believed to upraise the legacy of A series to newer height with powerful battery, premium design and AI enabled cameras.</p> <p>With powerful batteries and affordable pricing, the A series has been among OPPO’s best-selling smartphones since its launch, according to the company.</p> <p>The Chinese company said that the all-new OPPO A7, equipped with a 16 Megapixel front camera with AI 2.0 and a 13MP+2MP dual rear cameras and a 4230 mAh battery is expected to fulfill the needs of the customers. The new smartphone is priced at Rs 35,790.</p> <p> </p> ', 'published' => true, 'created' => '2018-11-16', 'modified' => '2018-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '9215', 'image' => '20181116010140_New_1481.jpg', 'article_date' => '2018-11-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '9434', 'article_category_id' => '37', 'title' => 'Nepal to participate in Tea and Coffee Expo in India', 'sub_title' => '', 'summary' => 'November 16: Nepali tea manufacturers are all set to participate in the 6th Mumbai World Tea Coffee Expo 2018 to be held in Mumbai, India from November 29 to December 1.', 'content' => '<p>November 16: Nepali tea manufacturers are all set to participate in the 6th Mumbai World Tea Coffee Expo 2018 to be held in Mumbai, India from November 29 to December 1.</p> <p>The organisers claimed that global companies are converging for the expo with India growing leaps and bounds in the tea and coffee sector – both in terms of production and consumption as well as innovation.</p> <p>According to the organisers, WTCE marks South Asia’s largest dedicated annual business gathering of the tea, coffee and related segments. The expo offers huge potential for appointing distributors, bulk deals, joint ventures, franchising, networking, meeting government officials, marketing alliances and overall branding, reads a statement issued by Sentinel Exhibitions Asia Pvt Ltd, the organiser.</p> <p>With 70+ exhibitors from seven countries including government pavilions and anticipated 4000+ trade visitors from across the world, companies participating at WTCE 2018 can expand their foothold in the market or enter newer markets, according to the organiser.</p> <p>“The show has become the ideal launch pad for new products especially for SMEs who don’t have large budgets,” the statement said.</p> <p>The 2018 edition shall feature tea and coffee brands/products, machineries, innovative technologies, flavours, ingredients, sugar/sweeteners, vending solutions, packaging, certifications, boards etc from Indonesia, Japan, Sri Lanka, Vietnam, Australia, Nepal and India.</p> ', 'published' => true, 'created' => '2018-11-16', 'modified' => '2018-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '9214', 'image' => '20181116014039_pre.jpg', 'article_date' => '2018-11-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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
