Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '8336',
			'article_category_id' => '1',
			'title' => 'Two More Branches of Mega Bank',
			'sub_title' => '',
			'summary' => 'May 31: Mega Bank in a bid to expand its service across the nation has opened new branches at two different places.',
			'content' => '<p>May 31: Mega Bank in a bid to expand its service across the nation has opened new branches at two different places. The bank said in a statement that it has opened branches in Lahan Municipality of Siraha and Bhimsen Thapa Rural Municipality of Gorkha district.</p>

<p>According to the bank, the branches will avail all kinds of modern banking services.</p>

<p>The bank within the last few weeks has opened ten new branches. At present, the bank has been providing its services through 93 branches and 74 ATM outlets spread across the country.</p>

<p>&nbsp;</p>
',
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			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8116',
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			'id' => '8335',
			'article_category_id' => '1',
			'title' => 'NMB Bags Bank Partner in Fragile Countries 2017 Award',
			'sub_title' => '',
			'summary' => 'May 31: NMB Bank has been adjudged the 'Best Issuing Bank Partner in Fragile Countries 2017- South Asia' by the International Finance Corporation (IFC).',
			'content' => '<p>May 31: NMB Bank has been adjudged the &#39;Best Issuing Bank Partner in Fragile Countries 2017- South Asia&#39; by the International Finance Corporation (IFC).</p>

<p>NMB Bank has become the first bank of Nepal to be honoured with the award during the IFC Trade Awards, according to a press statement issued by the bank.</p>

<p>Vittorio Di Bello, regional head for Asia and Pacific at the Regional Financial Institute Group handed over the award to the bank&#39;s CEO Sunil KC in recognition of the bank&#39;s partnership in global trade finance programme for 2017, reads the statement.</p>

<p>With this trade award, the bank has bagged three international awards this year including the &#39;The Banker of the Year 2017&#39; from the Financial Times and &#39;Certificate of Merit&#39; from Frost and Sullivan.</p>
',
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			'sortorder' => '8115',
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			'id' => '8334',
			'article_category_id' => '1',
			'title' => 'Ncell confers Scholarships, Excellence Awards to students',
			'sub_title' => '',
			'summary' => 'May 31: Ncell Private Limited on Thursday honoured outstanding students of various faculties of the Central Campus Pulchowk, Institute of Engineering (IoE), with Ncell Scholarships and Excellence Awards.',
			'content' => '<p>May 31: Ncell Private Limited&nbsp;on Thursday honoured outstanding students of various faculties of the Central Campus Pulchowk, Institute of Engineering (IoE), with Ncell Scholarships and Excellence Awards. The awards were handed as part of Ncell&#39;s corporate social responsibility (CSR) initiative aimed at promoting young talents and contributing to nation by nurturing skilled human resources, Ncell said in a statement.</p>

<p>Under the initiative, Ncell has been awarding Ncell Scholarships to students securing highest annual scores and Ncell Excellence Awards to students graduating with top scores in Bachelor of Engineering (BE) in electrical, electronics and communication, and computer faculties since 2014.</p>

<p>The scholarships and excellence awards were jointly handed over to the students by Campus Chief Prof Dr Gokarna Bahadur Motra, Assistant Campus Chief Jitendra Kumar Manandhar and Ncell officials&nbsp;on Thursday, May 31.</p>

<p>Twelve Ncell Scholarships were handed over to the topper students of BE electrical, electrics and communication, and computer amid a function. Similarly, four students who graduated from these faculties securing highest marks received Ncell Excellence Awards.</p>

<p>As a responsible corporate entity, Ncell said it remains committed towards nurturing young talents.</p>

<p>&quot;Ncell Scholarships and Excellence Awards resonates the company&rsquo;s commitment to contribute towards the development of young talents and future leaders. Ncell Scholarships and Excellence Awards over these five years have honoured hard work of the students, encouraging academic excellence. Ncell feels proud to be associated with IoE for this noble cause,&quot; the statement further said.</p>

<p>Scholarships are provided on the basis of annual scores of first, second and third years and students receive it for studying the second, third and fourth years, respectively. The 12 scholarships receivers include three toppers, one each from electrical, electronics and communication, and computer faculties and one female topper among all female students of these three faculties from each batch.</p>

<p>Ncell Excellence Awards, on the other hand, are given to the students graduating with top scores from each of these faculties and also to a female student graduating with top scores among all female students of these three faculties. Each Ncell Scholarship and Ncell Excellence Awards carries a purse of Rs 100,000.</p>

<p>Ncell said it has been keeping education sector in its CSR priority list and carrying out various programmes since 2010. Under this, 14 girls of remote districts of Karnali and other rural districts, who got good grades among female students in SLC, but faced financial difficulties to continue further education, have received Ncell Girls Scholarships.</p>

<p>Likewise, Ncell has established 16 digital libraries to support digital education, and supported 44 community schools to equip them with educational infrastructures such as classrooms, drinking water, toilets and sports, among others. Together, these supports have benefitted over 25,000 students in rural Nepal.</p>

<p>Apart from these, Ncell, under its CSR initiatives, has also supported young talents to unleash their digital potential, contributed to promote Nepali literature, art, music, sports such as football and cricket, among others. The company has also contributed in health sector and environmental conservation through different CSR projects.</p>

<p>&nbsp;</p>
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			'sortorder' => '8114',
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			'id' => '8333',
			'article_category_id' => '1',
			'title' => 'Century Bank Adds Three More Branches',
			'sub_title' => '',
			'summary' => 'May 31: Century Commercial Bank has opened three more branches at different places in accordance to the policy of Nepal Rastra Bank to make available banking services at all local levels of the country.',
			'content' => '<p>May 31: Century Commercial Bank has opened three more branches at different places in accordance to the policy of Nepal Rastra Bank to make available banking services at all local levels of the country.</p>

<p>The bank opened branches at Birendranagar of Surkhet, Naya Bazar of Narayan municipality in Dailekh and Sahidgate of Ghorahi Municipality in Dang.</p>

<p>Rajesh Kumar Shrestha, the bank&#39;s chairperson, inaugurated all the branches amid a function on Wednesday, May 30.</p>

<p>&nbsp;The bank&#39;s CEO Tulsi Ram Gautam said that the branches will provide wide array of banking services benefitting the locals and entrepreneurs of the areas.</p>

<p>&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '8113',
			'image' => '20180531015600_Century.jpg',
			'article_date' => '2018-05-31 00:00:00',
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		'Article' => array(
			'id' => '8332',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Touches Down for the First Time at Greek Island Airport',
			'sub_title' => '',
			'summary' => 'May 31: Qatar Airways has announced the start of its new direct non-stop service from Doha to Mykonos, a Greek island.',
			'content' => '<p>May 31: Qatar Airways has announced the start of its new direct non-stop service from Doha to Mykonos, a Greek island. The newly-launched seasonal service to Greece&rsquo;s most popular island will operate four times a week from Doha beginning from May 30.</p>

<p>Mykonos is a world&ndash;renowned cosmopolitan island and a paradise in the heart of the Cyclades, the airlines said in a statement.</p>

<p>&quot;The small island is known for its picturesque views and beautiful sandy beaches. There are many things to do in Mykonos such as walking along the narrow streets of Chora, watching the sunset from Little Venice, staying in luxurious hotels and swimming in the clear sea of the Aegean. Mykonos holidays are often combined with holidays to Santorini and other Cycladic islands,&quot; the statement added.</p>

<p>Qatar Airways Group Chief Executive Akbar Al Baker, said, &ldquo;We are thrilled that we have further expanded our operations to the beautiful island of Mykonos, only two months after the launch of service to Thessaloniki. Today&rsquo;s inaugural flight to popular Mykonos marks further growth and strengthening bonds between the State of Qatar and Greece. We are looking forward to further enhancing this relationship, connecting Mykonos to Qatar Airways&rsquo; extensive global network and helping to open up and develop these attractive destinations for business and leisure travellers from around the world.&rdquo;</p>

<p>Chief Executive Officer of Fraport, Greece, Alexander Zinell, said, &quot;It is with great pleasure that all of us at Fraport Greece welcome Qatar Airways&rsquo; new route from Doha to Mykonos. Mykonians, who have turned their island into a unique global touristic attraction, will now welcome passengers arriving four times a week directly from Doha. This new route offered by our partners from Qatar Airways links these two beautiful and diverse worlds, enabling travellers to reach their destination fast and in five-star comfort.&quot;</p>

<p>Four weekly seasonal flights to Mykonos International Airport will be operated by an Airbus A320, featuring 12 seats in Business Class and 132 seats in Economy Class, according to the airline. With the launch of Mykonos, Qatar Airways has increased its flights to 58 times a week from Doha&rsquo;s five-star Hamad International Airport to Greece.</p>

<p>Qatar Airways currently holds the title of &lsquo;Airline of The Year&rsquo; as awarded by the prestigious 2017 Skytrax World Airline Awards.</p>

<p>Flight Schedule: (May 30-September 30)</p>

<p>Doha (DOH) to Mykonos (JMK) QR 311 departs 08:05 arrives 13:00 (Sat, Sun, Wed, Thu)</p>

<p>Mykonos (JMK) to Doha (DOH) QR 312 departs 14:00 arrives 18:40 (Sat, Sun, Wed, Thu)</p>
',
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			'sortorder' => '8112',
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			'id' => '8331',
			'article_category_id' => '1',
			'title' => 'Nepali Ghar Hotel officially starts service',
			'sub_title' => '',
			'summary' => 'May 31: Nepali Ghar Hotel announced its formal opening on Wednesday, May 30.',
			'content' => '<p>May 31: Nepali Ghar Hotel announced its formal opening on Wednesday, May 30. Minister for Culture, Tourism and Civil Aviation, Rabindra Adhikari inaugurated the hotel amidst a function held at the hotel premises in Thamel.</p>

<p>Located in a tourist hub, Nepali Ghar Hotel is designed and crafted in a traditional Nepalese way to provide an authentic experience to the guests, said Raju Shrestha, Managing Director of the Hotel. According to him, the interiors of the hotel are decorated by local artists with distinctive Nepali style.</p>

<p>Equipped with state-of-the-art technology, the hotel offers all modern amenities such as comfortable rooms, complimentary wifi access, 24/7 fitness center, meeting room, all day dining restaurant and room service.</p>

<p>The hotel said that it assures a memorable experience to its customers through genuine Nepali-style hospitality, which is the core value of the hotel.</p>

<p>&quot;Nepali Ghar Hotel aims to offer unique flavour of hospitality and culture and is committed to achieve new standard of excellence to address all needs of our valued customers,&quot; MD Shrestha said during the inauguration.</p>

<p>&quot;We are dedicated in turning each and every moment spent at Nepali Ghar Hotel into memories for our guests.&quot;</p>

<p>According to him, the hotel offers 34 rooms including two suites--Kailashkut and Mangriha. Each room is equipped with 40 inch LED TV, bottled water, cotton rich linen, electronic safe (laptop size), individual climate control system, mini bar with refrigerator, tea/coffee maker with cookies and high-speed internet access. Rooms are decorated with traditional Nepali artistry.</p>

<p>It also offers complimentary valet parking, airport drop and pick-up facility, foreign exchange, in-room dining, and laundry service.</p>

<p>The hotel lies close to popular attractions like the Garden of Dreams, Narayanhiti Palace Museum and Kathmandu Durbar Square, and is only 5 km from Tribhuvan International Airport.</p>

<p><br />
<br />
&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '8111',
			'image' => '20180531013312_Clipboard01.jpg',
			'article_date' => '2018-05-31 00:00:00',
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		'Article' => array(
			'id' => '8330',
			'article_category_id' => '1',
			'title' => 'Finance Minister Urges Private Sector to Increase Investment',
			'sub_title' => '',
			'summary' => 'May 31: Finance Minister Yuba Raj Katiwada, on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.',
			'content' => '<p>May 31: Finance Minister Yuba Raj Katiwada,&nbsp;on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.</p>

<p>Speaking at a discussion program on budget, Minister Khatiwada said that the country is investment friendly and urged the private sector to fully utilize the situation.</p>

<p>He further added that the government is ready to amend different acts if needed to encourage the private sector to increase investment for the prosperity of the nation.</p>

<p>&ldquo;In co-ordination with the private sector, the government will form Investment Board Act, amend Industrial Enterprises Act, and form new policies to increase domestic investment,&rdquo; he said, adding that the government will not interfere with the private sector.</p>

<p>&ldquo;The government doesn&rsquo;t do business. The government can only create business-friendly environment for the private sector. The private sector should increase the investment afterwards,&rdquo; he said.</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '8110',
			'image' => '20180531015046_yub raj khatiwada (3).jpg',
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		'Article' => array(
			'id' => '8329',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank onboard IME Pay Wallet',
			'sub_title' => '',
			'summary' => 'May 31: Siddhartha Bank has signed an agreement with IME Digital Solution Limited to help its customers link their IME Pay Wallet with their Siddhartha Bank account.',
			'content' => '<p>May 31: Siddhartha Bank has signed an agreement with IME Digital Solution Limited to help its customers link their IME Pay Wallet with their Siddhartha Bank account. This enables the customers to seamlessly transfer funds to and from their bank accounts to the wallet, IME Digital Solution Limited said in a statement.</p>

<p>The bank&#39;s customers will also be able to avail recharge, payments, small value money transfer services along with myriad of other online and offline services, QR code-based payment services of IME Pay.</p>

<p>With Siddhartha Bank onboard, IME Pay now has four partner banks signed up in its wallet ecosystem. The other banks are Global IME Bank, Sunrise Bank and Bank of Kathmandu.</p>

<p>IME Digital Solution Limited, which developed and introduced mobile money transfer service &ldquo;IME Pay&rdquo; was granted with Payment Service Provider (PSP) license by Nepal Rastra Bank in June, 2017.</p>

<p>The company obtained the operating license under NRB&rsquo;s &ldquo;Payments and Settlement Bylaw 2072&rdquo; for wallet service through mobile telephone network making it the first licensed PSP of the country.</p>
',
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			'keywords' => '',
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			'sortorder' => '8109',
			'image' => '20180531010749_IME-Pay-Logo_white (2).jpg',
			'article_date' => '2018-05-31 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '8328',
			'article_category_id' => '1',
			'title' => 'Govt allocates 33 billion for  agriculture',
			'sub_title' => '',
			'summary' => 'May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.',
			'content' => '<p>May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.</p>

<p>The government has allocated a total of Rs 33.71 billion for the agriculture sector.</p>

<p>Out of the allocated budget, the government, for the development and commercialization of agricultural sector, has allocated Rs 4.77 billion for the Prime Minister Agriculture Modernization Program.</p>

<p>Finance Minister Yuba Raj Khatiwada said that the government has also allocated budget to provide grants to the farmers. The government has also allocated budget to establish cooperative agricultural farm in seven provinces.</p>

<p>The government has also announced to forgive debts of small farmers who have taken loans from co-operatives.</p>

<p>&nbsp;</p>
',
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			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8108',
			'image' => '20180530052533_20170720022614_khet ropai photo.jpg',
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	(int) 9 => array(
		'Article' => array(
			'id' => '8327',
			'article_category_id' => '1',
			'title' => 'Tourism and Aviation Sector gets Rs 24b',
			'sub_title' => '',
			'summary' => 'May 30: The government has allocated more than Rs 24 billion for tourism and civil aviation sector for the fiscal year 2018/2019.',
			'content' => '<p>May 30: The government has allocated more than Rs 24 billion for tourism and civil aviation sector for the fiscal year 2018/2019.</p>

<p>Announcing budget in the parliament&nbsp;on Tuesday, Finance Minister Yuba Raj Khatiwada said that a total of Rs 5.20 billion has been allocated for tourism, while Rs 19 billion has been allocated for civil aviation sector.</p>

<p>The government has prioritized construction of Nijgadh airport, Pokhara Regional International Airport and Gautam Buddha Regional International Airport. Likewise, the government has also allocated budget for the maintenance of Tribhuvan International Airport.</p>

<p>The government has set a plan to organise &lsquo;Visit Nepal 2020&rsquo; campaign. It also has set the target to attract more than 2 million tourists in the country annually. To support the ambitious target, the government will build Kirtipur Cultural Museum, and has also announced other targets to support the tourism sector.</p>

<p>&nbsp;</p>
',
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			'created' => '2018-05-30',
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			'keywords' => '',
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			'sortorder' => '8107',
			'image' => '20180530051051_ds-beni- niskotko barahatal.jpg',
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	(int) 10 => array(
		'Article' => array(
			'id' => '8326',
			'article_category_id' => '1',
			'title' => 'Government to Provide 5 Percent Subsidy on Export of Industrial Products',
			'sub_title' => '',
			'summary' => 'May 30: The government has announced to provide 5 percent subsidy on the export of industrial products to minimise trade deficit and promote export.',
			'content' => '<p>May 30: The government has announced to provide 5 percent subsidy on the export of industrial products to minimise trade deficit and promote export. The government made such announcement while presenting the budget for the fiscal year 2018/19 in the federal parliament on Tuesday, May 29.</p>

<p>The government has allocated Rs 10 billion for the development of industry, commerce and supply in the upcoming FY. Creating employment opportunities and promoting agriculture, forest and mining industries are mentioned in the budget statement.</p>

<p>The government&#39;s decision to announce subsidy for export is aimed at identifying, developing and promoting the products in the foreign market.</p>

<p><strong>Provisions in the field of Commerce and Supply</strong></p>

<ul>
	<li>Establishment of handicraft selling and exhibition class in all seven provinces.</li>
	<li>Establishment of quarantine laboratory in border points.</li>
	<li>Establishment of freight stations.</li>
	<li>Expansion of areas to acquire certification mark.</li>
	<li>Operation of fair price market through cooperatives in every local level.</li>
	<li>Arrangement of subsidy in food to the citizens having state security identity cards.</li>
	<li>Making supply system competitive and breaking the syndicate in goods and services and &nbsp;pricing.</li>
	<li>Increasing the capacity of petroleum products&rsquo; storage and make it last for at least three months.</li>
	<li>Reviewing Nepal Oil Corporation&rsquo;s system of supply, cost structure and price determination.</li>
</ul>
',
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			'id' => '8325',
			'article_category_id' => '1',
			'title' => 'Rs 84 billion allocated for energy sector',
			'sub_title' => '',
			'summary' => 'May 30: The government has allocated Rs 83.89 billion for energy sector for the fiscal year 2018/19.',
			'content' => '<p>May 30: The government has allocated Rs 83.89 billion for energy sector for the fiscal year 2018/19.</p>

<p>The budget aims to make additional energy available within three years and supply electricity as per the demand within five years.</p>

<p>The budget presented by Finance Minister Dr Yuba Raj Khatiwada in the federal parliament on Tuesday, May 29, proposes terming the years between 2018 and 2028 an energy decade.</p>

<p>The budget plan has focused on issues that were raised by Nepal Electricity Authority and Ministry of Energy, Water Resources and Irrigation.</p>

<p>The budget has included construction of Butwal-Gorakhpur II and other cross-border transmission lines and expansion of internal high-tension lines and Galchi-Rasuwagadi-Kerung cross-border transmission line, which were also in the white paper presented by Barsaman Pun, minister for Energy, Water Resources and Irrigation.</p>

<p>The budget has given extra attention to smart meter and smart grids, projects of the Ministry of Energy and Nepal Electricity Authority. The involvement of private sector in construction of transmission lines, solutions to domestic investment in the development of energy sector are included in the budget plan.</p>

<p>Projects like compensation distribution to people affected by the Budigandaki Hydroelectricity Project, construction of West Seti Hydro Electricity Project with national resources and initiation of Karnali Chisapani Project are included in the budget plan. However, the budget plan is silent about providing the required fund to execute the plans. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
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	(int) 12 => array(
		'Article' => array(
			'id' => '8321',
			'article_category_id' => '1',
			'title' => 'Government Announces Rs 1.31 Trillion Budget',
			'sub_title' => '',
			'summary' => 'May 30: The government has announced a budget of Rs 1.31 trillion for the fiscal year 2018/19.',
			'content' => '<p>May 30: The government has announced a budget of Rs 1.31 trillion for the fiscal year 2018/19. Finance Minister Dr Yuba Raj Khatiwada presented the budget in the federal parliament on Tuesday, May 29.</p>

<p>The budget allocated for the upcoming fiscal year is more that the budget of the current FY by Rs 268 billion. The budget allocated for the current FY is Rs 1.04 trillion.</p>

<p>The National Planning Commission had set a budget ceiling of Rs 1.24 trillion for the government. However, the government announced the annual budget exceeding the limit by Rs 111 billion.</p>

<p>While presenting the financial details of the government in the parliament, Finance Minister Khatiwada announced that recurrent budget for the upcoming fiscal year has been set at Rs 845.45 billion out the total budget. The government will be spending Rs 314 billion as capital expenditure. The capital expenditure of the government in the current FY is Rs 239 billion.</p>

<p>Likewise, the government has allocated Rs 156 billion for financial management. This is 11.8 percent of the total budget.</p>

<p>The government plans to meet the budget expenditure by collecting Rs 1.03 billion revenue. The government will manage the remaining amount through grants and loans. Finance Minister Khatiwada said that the government will receive grants of Rs 58.81 billion as grant while it will receive Rs 253 billion as loan to meet the deficit of around Rs 300 billion.</p>

<p>Out of the total budget, the government has set aside Rs 1.06 billion for the central government while it has allocated Rs 113 billion for Province 7 and Rs 195 billion for the 753 local units across the country.</p>
',
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			'sortorder' => '8104',
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		'Article' => array(
			'id' => '8322',
			'article_category_id' => '1',
			'title' => 'Experts' views on Budget',
			'sub_title' => '',
			'summary' => 'Following the announcement of budget in the federal parliament by Finance Minister Ybua Raj Khatiwada on Tuesday, May 29, here is the reaction from stakeholders in the field of politics and business.',
			'content' => '<p>Following the announcement of budget in the federal parliament by Finance Minister Ybua Raj Khatiwada on Tuesday, May 29, here is the reaction from stakeholders in the field of politics and business.</p>

<p>&nbsp;</p>

<p>Nature of budget is the continuation of previous one</p>

<p>Baburam Bhattarai,</p>

<p>Former prime minister</p>

<p>I became a bit disappointed with the budget announcement. The government seems to have missed an opportunity to lead the country to prosperity despite having majority. It does not seem to address the expectations of the Nepali citizens in bringing about development and prosperity. In essence, the nature of the budget is the continuity of the previous one.</p>

<p>One of the indicators of development is empowerment of provincial and local levels. Development is impossible unless it is carried at the grassroots level. Only Rs 400 billion out of Rs 1300 billion has been allocated for the provincial and local levels.</p>

<p>&nbsp;</p>

<p>Low budget for industrial sector</p>

<p>Madhav Kumar Nepal,</p>

<p>Former prime minister</p>

<p>The country&#39;s economy will prosper if the budget is implemented. The budget is positive about development of infrastructure and education. But only Rs 10 billion has been allocated for the Ministry of Industry. The budget for industrial sector was much less than our expectation. We were hopeful that the budget for industrial sector would range from Rs 40 to 50 billion.</p>

<p>&nbsp;</p>

<p>Budget is positive</p>

<p>Bhawani Rana</p>

<p>President, Federation of Nepalese Chambers of Commerce and Industry</p>

<p>The budget has addressed the issue related to industry in local level, special economic zone (SEZ), and female empowerment.&nbsp; The tax system which has been introduced in the budget has to be studied. Some of our suggestions have been addressed in the budget. We welcome the steps taken to encourage export and discourage import in the business sector. There seems to be an improvement in the tax system and overall the budget looks positive.</p>

<p>&nbsp;</p>

<p>Doubtful on the stability of tax increment</p>

<p>Binod Chaudhary</p>

<p>Businessman</p>

<p>We are yet to analyse the budget of 2075/2076. The government has said that it will increase employment in the country and help to bring back the youths who have gone abroad to earn. Due to micro-level distribution of budget, we can&rsquo;t comment on it right now. The tax has been increased but it is yet to see for how long it remains. The finance minister has announced the plans according to his principles considering the rules and regulations. We need to see if this is applicable in the real scenario.</p>

<p>&nbsp;</p>

<p>Policy wise, the budget is clear</p>

<p>Gyanandra Lal Pradhan</p>

<p>Treasurer, FNCCI</p>

<p>The budget has clear policies. I have been waiting for this kind of budget for many years. The budget is socialist. It has rightly encouraged the area which needs to be encouraged and discouraged the area which needs to be discouraged.&nbsp; The budget has a programme to introduce mega project in every province. According to the programme, the government will bring solar power in Province 2 and 500 Megawatts of electricity production in other six provinces. This will increase our GDP by six percent.</p>

<p>&nbsp;</p>

<p>Encouraging local production is positive</p>

<p>Mohan Katuwal</p>

<p>President, Federation of Grill and Steel Association Nepal</p>

<p>Analyzing the budget, it is overall good.&nbsp; We hope that it will be implemented well. The budget allocation for small entrepreneurs is a positive step.&nbsp; The provision to establish industries in local levels, provide loan to youths by keeping their certificates as collateral, promoting export and giving priority to female entrepreneurs are very much positive.</p>

<p>&nbsp;</p>

<p>Ambitious but optimistic</p>

<p>Hari Bhakta Sharma</p>

<p>President, CNI</p>

<p>We had demanded special programmes for the business sector in Nepal in order to create job opportunities.</p>

<p>The budget has acknowledged this issue but which programme and how much budget is allocated for the matter is yet to know. The challenge for the industries was acquiring land. Now the government has announced to establish industrial estate in all seven provinces of the country. This is a positive aspect of the budget.</p>

<p>Overall, the budget is ambitious but positive and the budget has addressed CNI&#39;s concerns.</p>

<p>&nbsp;</p>

<p>Not as per the expectations</p>

<p>Gyanendra Bahadur Karki</p>

<p>Former finance minister</p>

<p>The budget could not meet the expectation of the Nepali citizens though it comes at a time when there is political stability. This budget is just limited to slogan. It lacks clear direction to transform those slogans into reality. Although there are positive things, it seems to be out of track.</p>

<p>&nbsp;</p>

<p style="margin-left:-4.5pt"><strong>Budget&#39;s effectiveness depends on its execution</strong></p>

<p style="margin-left:-4.5pt"><strong>Babu Lal Chachan</strong></p>

<p style="margin-left:-4.5pt">Chairman, Chachan Group</p>

<p style="margin-left:-4.5pt">The budget announced by the government is much smaller in size than the hype the preceded it and aptly fits in the current context of the country. There were also rumours of increase in Value Added Tax but it has been maintained at 13 percent, which is quite positive.</p>

<p style="margin-left:-4.5pt">The budget has mentioned 5 percent subsidy to encourage export. The government has been poviding subsidies for export to third countries since a long time. However, such subsidies are also needed for export to India, which is one of the fastest growing economies in the world.</p>

<p style="margin-left:-4.5pt">Tax omission in education and health sector is also a positive side of the budget. Management and effectiveness of the budget depends on its execution.</p>

<p style="margin-left:-4.5pt">In general, the budget can be taken positively.</p>

<p><strong>Budget is average </strong></p>

<p><strong>Shyam Giri</strong></p>

<p><strong>President, Federation of Nepal Cottage and Small Industries</strong></p>

<p>The budget is overall average. It has included social sectors. It has also addressed the agriculture sector in a positive way and also addressed the micro-entrepreneurship. The micro entrepreneurs will receive income tax concession for five years, which is a positive aspect of the budget. The provision to provide Rs 700,000 loan to the unemployed youths with their academic certificate as collateral and Rs 1.5 million to the foreign employment returnees has opened new door for entrepreneurship.</p>

<p><strong>Not according to expectation </strong></p>

<p><strong>Pashupati Murarka</strong></p>

<p><strong>Former president, FNCCI</strong></p>

<p>The budget is like the continuity of the previous budgets and it has not met our expectation. We had expected that there would be lots of changes in the programmes but it is almost the same. Another point is that we cannot comment on the substitution of import right now. The government has announced changes in the tax rates, but we are yet to see the document. The income tax net has been expanded. &nbsp;The exit and entry of industries will be easy, and that is a positive point. The issue related to one-door system is raised every year but the implementation part is always lacking. Only 26 percent of the budget has been allocated for the capital expenditure and this is very less.</p>

<p>&nbsp;</p>

<p><strong>Socialist budget</strong></p>

<p><strong>Shekhar Golchha</strong></p>

<p><strong>Senior Vice-President, FNCCI</strong></p>

<p>The budget is socialist and it has addressed the problems and needs of the marginalized communities. The budget is positive. The suggestions of the private sector have been addressed. It is exciting to hear the facility of special economic zones (SEJ) in the budget. However, the challenging part is the implementation. Subsidy for industrial export has reached five percent. This is a very positive news.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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			'id' => '8324',
			'article_category_id' => '1',
			'title' => 'Real Estate Business to Run From Licensed Companies Only',
			'sub_title' => '',
			'summary' => 'May 30: The real estate business is set to run from licensed companies only. ',
			'content' => '<p>May 30: The real estate business is set to run from licensed companies only. According to the budget statement presented in the federal parliament by Finance Minister Yuba Raj Khatiwada on Tuesday, May 29, the government is all set to implement laws to this effect.</p>

<p>The government is preparing to introduce laws for the management of real estate business. People without registering any firm have been taking commission as per their wish in the real estate business. Former chief of Land Revenue Office, Dillibazar, Padmanidhi Soti said that the abiding by the rule of doing transactions from licensed companies only will assure consistency in fixed commission rate in the business. &ldquo;In addition, it will also increase the revenue of the government,&rdquo; he added.</p>

<p>Ashish Garg, coordinator of Housing Development Unit under Nepal Land and Housing Developers&rsquo; Association (NLHDA), said that though the announcement of government to run the business through licensed companies is good, the government is doing so without any pre-plan. &ldquo;This will create fear among entrepreneurs and result in reduced transaction,&rdquo; he added.</p>

<p>The government has not categorised sectors with mercantile and housing purpose. He said that it will take time to prepare the infrastructure and procedure and to decide companies with what type of proficiency will be handed over the license. &ldquo;The government has started a project that should be implemented after a year so the rule should not be made compulsory,&rdquo; Garg told New Business Age. &nbsp;&nbsp;</p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '8336',
			'article_category_id' => '1',
			'title' => 'Two More Branches of Mega Bank',
			'sub_title' => '',
			'summary' => 'May 31: Mega Bank in a bid to expand its service across the nation has opened new branches at two different places.',
			'content' => '<p>May 31: Mega Bank in a bid to expand its service across the nation has opened new branches at two different places. The bank said in a statement that it has opened branches in Lahan Municipality of Siraha and Bhimsen Thapa Rural Municipality of Gorkha district.</p>

<p>According to the bank, the branches will avail all kinds of modern banking services.</p>

<p>The bank within the last few weeks has opened ten new branches. At present, the bank has been providing its services through 93 branches and 74 ATM outlets spread across the country.</p>

<p>&nbsp;</p>
',
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			'id' => '8335',
			'article_category_id' => '1',
			'title' => 'NMB Bags Bank Partner in Fragile Countries 2017 Award',
			'sub_title' => '',
			'summary' => 'May 31: NMB Bank has been adjudged the 'Best Issuing Bank Partner in Fragile Countries 2017- South Asia' by the International Finance Corporation (IFC).',
			'content' => '<p>May 31: NMB Bank has been adjudged the &#39;Best Issuing Bank Partner in Fragile Countries 2017- South Asia&#39; by the International Finance Corporation (IFC).</p>

<p>NMB Bank has become the first bank of Nepal to be honoured with the award during the IFC Trade Awards, according to a press statement issued by the bank.</p>

<p>Vittorio Di Bello, regional head for Asia and Pacific at the Regional Financial Institute Group handed over the award to the bank&#39;s CEO Sunil KC in recognition of the bank&#39;s partnership in global trade finance programme for 2017, reads the statement.</p>

<p>With this trade award, the bank has bagged three international awards this year including the &#39;The Banker of the Year 2017&#39; from the Financial Times and &#39;Certificate of Merit&#39; from Frost and Sullivan.</p>
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			'title' => 'Ncell confers Scholarships, Excellence Awards to students',
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			'summary' => 'May 31: Ncell Private Limited on Thursday honoured outstanding students of various faculties of the Central Campus Pulchowk, Institute of Engineering (IoE), with Ncell Scholarships and Excellence Awards.',
			'content' => '<p>May 31: Ncell Private Limited&nbsp;on Thursday honoured outstanding students of various faculties of the Central Campus Pulchowk, Institute of Engineering (IoE), with Ncell Scholarships and Excellence Awards. The awards were handed as part of Ncell&#39;s corporate social responsibility (CSR) initiative aimed at promoting young talents and contributing to nation by nurturing skilled human resources, Ncell said in a statement.</p>

<p>Under the initiative, Ncell has been awarding Ncell Scholarships to students securing highest annual scores and Ncell Excellence Awards to students graduating with top scores in Bachelor of Engineering (BE) in electrical, electronics and communication, and computer faculties since 2014.</p>

<p>The scholarships and excellence awards were jointly handed over to the students by Campus Chief Prof Dr Gokarna Bahadur Motra, Assistant Campus Chief Jitendra Kumar Manandhar and Ncell officials&nbsp;on Thursday, May 31.</p>

<p>Twelve Ncell Scholarships were handed over to the topper students of BE electrical, electrics and communication, and computer amid a function. Similarly, four students who graduated from these faculties securing highest marks received Ncell Excellence Awards.</p>

<p>As a responsible corporate entity, Ncell said it remains committed towards nurturing young talents.</p>

<p>&quot;Ncell Scholarships and Excellence Awards resonates the company&rsquo;s commitment to contribute towards the development of young talents and future leaders. Ncell Scholarships and Excellence Awards over these five years have honoured hard work of the students, encouraging academic excellence. Ncell feels proud to be associated with IoE for this noble cause,&quot; the statement further said.</p>

<p>Scholarships are provided on the basis of annual scores of first, second and third years and students receive it for studying the second, third and fourth years, respectively. The 12 scholarships receivers include three toppers, one each from electrical, electronics and communication, and computer faculties and one female topper among all female students of these three faculties from each batch.</p>

<p>Ncell Excellence Awards, on the other hand, are given to the students graduating with top scores from each of these faculties and also to a female student graduating with top scores among all female students of these three faculties. Each Ncell Scholarship and Ncell Excellence Awards carries a purse of Rs 100,000.</p>

<p>Ncell said it has been keeping education sector in its CSR priority list and carrying out various programmes since 2010. Under this, 14 girls of remote districts of Karnali and other rural districts, who got good grades among female students in SLC, but faced financial difficulties to continue further education, have received Ncell Girls Scholarships.</p>

<p>Likewise, Ncell has established 16 digital libraries to support digital education, and supported 44 community schools to equip them with educational infrastructures such as classrooms, drinking water, toilets and sports, among others. Together, these supports have benefitted over 25,000 students in rural Nepal.</p>

<p>Apart from these, Ncell, under its CSR initiatives, has also supported young talents to unleash their digital potential, contributed to promote Nepali literature, art, music, sports such as football and cricket, among others. The company has also contributed in health sector and environmental conservation through different CSR projects.</p>

<p>&nbsp;</p>
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			'id' => '8333',
			'article_category_id' => '1',
			'title' => 'Century Bank Adds Three More Branches',
			'sub_title' => '',
			'summary' => 'May 31: Century Commercial Bank has opened three more branches at different places in accordance to the policy of Nepal Rastra Bank to make available banking services at all local levels of the country.',
			'content' => '<p>May 31: Century Commercial Bank has opened three more branches at different places in accordance to the policy of Nepal Rastra Bank to make available banking services at all local levels of the country.</p>

<p>The bank opened branches at Birendranagar of Surkhet, Naya Bazar of Narayan municipality in Dailekh and Sahidgate of Ghorahi Municipality in Dang.</p>

<p>Rajesh Kumar Shrestha, the bank&#39;s chairperson, inaugurated all the branches amid a function on Wednesday, May 30.</p>

<p>&nbsp;The bank&#39;s CEO Tulsi Ram Gautam said that the branches will provide wide array of banking services benefitting the locals and entrepreneurs of the areas.</p>

<p>&nbsp;</p>
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			'title' => 'Qatar Airways Touches Down for the First Time at Greek Island Airport',
			'sub_title' => '',
			'summary' => 'May 31: Qatar Airways has announced the start of its new direct non-stop service from Doha to Mykonos, a Greek island.',
			'content' => '<p>May 31: Qatar Airways has announced the start of its new direct non-stop service from Doha to Mykonos, a Greek island. The newly-launched seasonal service to Greece&rsquo;s most popular island will operate four times a week from Doha beginning from May 30.</p>

<p>Mykonos is a world&ndash;renowned cosmopolitan island and a paradise in the heart of the Cyclades, the airlines said in a statement.</p>

<p>&quot;The small island is known for its picturesque views and beautiful sandy beaches. There are many things to do in Mykonos such as walking along the narrow streets of Chora, watching the sunset from Little Venice, staying in luxurious hotels and swimming in the clear sea of the Aegean. Mykonos holidays are often combined with holidays to Santorini and other Cycladic islands,&quot; the statement added.</p>

<p>Qatar Airways Group Chief Executive Akbar Al Baker, said, &ldquo;We are thrilled that we have further expanded our operations to the beautiful island of Mykonos, only two months after the launch of service to Thessaloniki. Today&rsquo;s inaugural flight to popular Mykonos marks further growth and strengthening bonds between the State of Qatar and Greece. We are looking forward to further enhancing this relationship, connecting Mykonos to Qatar Airways&rsquo; extensive global network and helping to open up and develop these attractive destinations for business and leisure travellers from around the world.&rdquo;</p>

<p>Chief Executive Officer of Fraport, Greece, Alexander Zinell, said, &quot;It is with great pleasure that all of us at Fraport Greece welcome Qatar Airways&rsquo; new route from Doha to Mykonos. Mykonians, who have turned their island into a unique global touristic attraction, will now welcome passengers arriving four times a week directly from Doha. This new route offered by our partners from Qatar Airways links these two beautiful and diverse worlds, enabling travellers to reach their destination fast and in five-star comfort.&quot;</p>

<p>Four weekly seasonal flights to Mykonos International Airport will be operated by an Airbus A320, featuring 12 seats in Business Class and 132 seats in Economy Class, according to the airline. With the launch of Mykonos, Qatar Airways has increased its flights to 58 times a week from Doha&rsquo;s five-star Hamad International Airport to Greece.</p>

<p>Qatar Airways currently holds the title of &lsquo;Airline of The Year&rsquo; as awarded by the prestigious 2017 Skytrax World Airline Awards.</p>

<p>Flight Schedule: (May 30-September 30)</p>

<p>Doha (DOH) to Mykonos (JMK) QR 311 departs 08:05 arrives 13:00 (Sat, Sun, Wed, Thu)</p>

<p>Mykonos (JMK) to Doha (DOH) QR 312 departs 14:00 arrives 18:40 (Sat, Sun, Wed, Thu)</p>
',
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			'created' => '2018-05-31',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '8112',
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	(int) 5 => array(
		'Article' => array(
			'id' => '8331',
			'article_category_id' => '1',
			'title' => 'Nepali Ghar Hotel officially starts service',
			'sub_title' => '',
			'summary' => 'May 31: Nepali Ghar Hotel announced its formal opening on Wednesday, May 30.',
			'content' => '<p>May 31: Nepali Ghar Hotel announced its formal opening on Wednesday, May 30. Minister for Culture, Tourism and Civil Aviation, Rabindra Adhikari inaugurated the hotel amidst a function held at the hotel premises in Thamel.</p>

<p>Located in a tourist hub, Nepali Ghar Hotel is designed and crafted in a traditional Nepalese way to provide an authentic experience to the guests, said Raju Shrestha, Managing Director of the Hotel. According to him, the interiors of the hotel are decorated by local artists with distinctive Nepali style.</p>

<p>Equipped with state-of-the-art technology, the hotel offers all modern amenities such as comfortable rooms, complimentary wifi access, 24/7 fitness center, meeting room, all day dining restaurant and room service.</p>

<p>The hotel said that it assures a memorable experience to its customers through genuine Nepali-style hospitality, which is the core value of the hotel.</p>

<p>&quot;Nepali Ghar Hotel aims to offer unique flavour of hospitality and culture and is committed to achieve new standard of excellence to address all needs of our valued customers,&quot; MD Shrestha said during the inauguration.</p>

<p>&quot;We are dedicated in turning each and every moment spent at Nepali Ghar Hotel into memories for our guests.&quot;</p>

<p>According to him, the hotel offers 34 rooms including two suites--Kailashkut and Mangriha. Each room is equipped with 40 inch LED TV, bottled water, cotton rich linen, electronic safe (laptop size), individual climate control system, mini bar with refrigerator, tea/coffee maker with cookies and high-speed internet access. Rooms are decorated with traditional Nepali artistry.</p>

<p>It also offers complimentary valet parking, airport drop and pick-up facility, foreign exchange, in-room dining, and laundry service.</p>

<p>The hotel lies close to popular attractions like the Garden of Dreams, Narayanhiti Palace Museum and Kathmandu Durbar Square, and is only 5 km from Tribhuvan International Airport.</p>

<p><br />
<br />
&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8111',
			'image' => '20180531013312_Clipboard01.jpg',
			'article_date' => '2018-05-31 00:00:00',
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '8330',
			'article_category_id' => '1',
			'title' => 'Finance Minister Urges Private Sector to Increase Investment',
			'sub_title' => '',
			'summary' => 'May 31: Finance Minister Yuba Raj Katiwada, on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.',
			'content' => '<p>May 31: Finance Minister Yuba Raj Katiwada,&nbsp;on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.</p>

<p>Speaking at a discussion program on budget, Minister Khatiwada said that the country is investment friendly and urged the private sector to fully utilize the situation.</p>

<p>He further added that the government is ready to amend different acts if needed to encourage the private sector to increase investment for the prosperity of the nation.</p>

<p>&ldquo;In co-ordination with the private sector, the government will form Investment Board Act, amend Industrial Enterprises Act, and form new policies to increase domestic investment,&rdquo; he said, adding that the government will not interfere with the private sector.</p>

<p>&ldquo;The government doesn&rsquo;t do business. The government can only create business-friendly environment for the private sector. The private sector should increase the investment afterwards,&rdquo; he said.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8110',
			'image' => '20180531015046_yub raj khatiwada (3).jpg',
			'article_date' => '2018-05-31 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '8329',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank onboard IME Pay Wallet',
			'sub_title' => '',
			'summary' => 'May 31: Siddhartha Bank has signed an agreement with IME Digital Solution Limited to help its customers link their IME Pay Wallet with their Siddhartha Bank account.',
			'content' => '<p>May 31: Siddhartha Bank has signed an agreement with IME Digital Solution Limited to help its customers link their IME Pay Wallet with their Siddhartha Bank account. This enables the customers to seamlessly transfer funds to and from their bank accounts to the wallet, IME Digital Solution Limited said in a statement.</p>

<p>The bank&#39;s customers will also be able to avail recharge, payments, small value money transfer services along with myriad of other online and offline services, QR code-based payment services of IME Pay.</p>

<p>With Siddhartha Bank onboard, IME Pay now has four partner banks signed up in its wallet ecosystem. The other banks are Global IME Bank, Sunrise Bank and Bank of Kathmandu.</p>

<p>IME Digital Solution Limited, which developed and introduced mobile money transfer service &ldquo;IME Pay&rdquo; was granted with Payment Service Provider (PSP) license by Nepal Rastra Bank in June, 2017.</p>

<p>The company obtained the operating license under NRB&rsquo;s &ldquo;Payments and Settlement Bylaw 2072&rdquo; for wallet service through mobile telephone network making it the first licensed PSP of the country.</p>
',
			'published' => true,
			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8109',
			'image' => '20180531010749_IME-Pay-Logo_white (2).jpg',
			'article_date' => '2018-05-31 00:00:00',
			'homepage' => false,
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	),
	(int) 8 => array(
		'Article' => array(
			'id' => '8328',
			'article_category_id' => '1',
			'title' => 'Govt allocates 33 billion for  agriculture',
			'sub_title' => '',
			'summary' => 'May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.',
			'content' => '<p>May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.</p>

<p>The government has allocated a total of Rs 33.71 billion for the agriculture sector.</p>

<p>Out of the allocated budget, the government, for the development and commercialization of agricultural sector, has allocated Rs 4.77 billion for the Prime Minister Agriculture Modernization Program.</p>

<p>Finance Minister Yuba Raj Khatiwada said that the government has also allocated budget to provide grants to the farmers. The government has also allocated budget to establish cooperative agricultural farm in seven provinces.</p>

<p>The government has also announced to forgive debts of small farmers who have taken loans from co-operatives.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8108',
			'image' => '20180530052533_20170720022614_khet ropai photo.jpg',
			'article_date' => '2018-05-30 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '8327',
			'article_category_id' => '1',
			'title' => 'Tourism and Aviation Sector gets Rs 24b',
			'sub_title' => '',
			'summary' => 'May 30: The government has allocated more than Rs 24 billion for tourism and civil aviation sector for the fiscal year 2018/2019.',
			'content' => '<p>May 30: The government has allocated more than Rs 24 billion for tourism and civil aviation sector for the fiscal year 2018/2019.</p>

<p>Announcing budget in the parliament&nbsp;on Tuesday, Finance Minister Yuba Raj Khatiwada said that a total of Rs 5.20 billion has been allocated for tourism, while Rs 19 billion has been allocated for civil aviation sector.</p>

<p>The government has prioritized construction of Nijgadh airport, Pokhara Regional International Airport and Gautam Buddha Regional International Airport. Likewise, the government has also allocated budget for the maintenance of Tribhuvan International Airport.</p>

<p>The government has set a plan to organise &lsquo;Visit Nepal 2020&rsquo; campaign. It also has set the target to attract more than 2 million tourists in the country annually. To support the ambitious target, the government will build Kirtipur Cultural Museum, and has also announced other targets to support the tourism sector.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8107',
			'image' => '20180530051051_ds-beni- niskotko barahatal.jpg',
			'article_date' => '2018-05-30 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '8326',
			'article_category_id' => '1',
			'title' => 'Government to Provide 5 Percent Subsidy on Export of Industrial Products',
			'sub_title' => '',
			'summary' => 'May 30: The government has announced to provide 5 percent subsidy on the export of industrial products to minimise trade deficit and promote export.',
			'content' => '<p>May 30: The government has announced to provide 5 percent subsidy on the export of industrial products to minimise trade deficit and promote export. The government made such announcement while presenting the budget for the fiscal year 2018/19 in the federal parliament on Tuesday, May 29.</p>

<p>The government has allocated Rs 10 billion for the development of industry, commerce and supply in the upcoming FY. Creating employment opportunities and promoting agriculture, forest and mining industries are mentioned in the budget statement.</p>

<p>The government&#39;s decision to announce subsidy for export is aimed at identifying, developing and promoting the products in the foreign market.</p>

<p><strong>Provisions in the field of Commerce and Supply</strong></p>

<ul>
	<li>Establishment of handicraft selling and exhibition class in all seven provinces.</li>
	<li>Establishment of quarantine laboratory in border points.</li>
	<li>Establishment of freight stations.</li>
	<li>Expansion of areas to acquire certification mark.</li>
	<li>Operation of fair price market through cooperatives in every local level.</li>
	<li>Arrangement of subsidy in food to the citizens having state security identity cards.</li>
	<li>Making supply system competitive and breaking the syndicate in goods and services and &nbsp;pricing.</li>
	<li>Increasing the capacity of petroleum products&rsquo; storage and make it last for at least three months.</li>
	<li>Reviewing Nepal Oil Corporation&rsquo;s system of supply, cost structure and price determination.</li>
</ul>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8106',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '8325',
			'article_category_id' => '1',
			'title' => 'Rs 84 billion allocated for energy sector',
			'sub_title' => '',
			'summary' => 'May 30: The government has allocated Rs 83.89 billion for energy sector for the fiscal year 2018/19.',
			'content' => '<p>May 30: The government has allocated Rs 83.89 billion for energy sector for the fiscal year 2018/19.</p>

<p>The budget aims to make additional energy available within three years and supply electricity as per the demand within five years.</p>

<p>The budget presented by Finance Minister Dr Yuba Raj Khatiwada in the federal parliament on Tuesday, May 29, proposes terming the years between 2018 and 2028 an energy decade.</p>

<p>The budget plan has focused on issues that were raised by Nepal Electricity Authority and Ministry of Energy, Water Resources and Irrigation.</p>

<p>The budget has included construction of Butwal-Gorakhpur II and other cross-border transmission lines and expansion of internal high-tension lines and Galchi-Rasuwagadi-Kerung cross-border transmission line, which were also in the white paper presented by Barsaman Pun, minister for Energy, Water Resources and Irrigation.</p>

<p>The budget has given extra attention to smart meter and smart grids, projects of the Ministry of Energy and Nepal Electricity Authority. The involvement of private sector in construction of transmission lines, solutions to domestic investment in the development of energy sector are included in the budget plan.</p>

<p>Projects like compensation distribution to people affected by the Budigandaki Hydroelectricity Project, construction of West Seti Hydro Electricity Project with national resources and initiation of Karnali Chisapani Project are included in the budget plan. However, the budget plan is silent about providing the required fund to execute the plans. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8105',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '8321',
			'article_category_id' => '1',
			'title' => 'Government Announces Rs 1.31 Trillion Budget',
			'sub_title' => '',
			'summary' => 'May 30: The government has announced a budget of Rs 1.31 trillion for the fiscal year 2018/19.',
			'content' => '<p>May 30: The government has announced a budget of Rs 1.31 trillion for the fiscal year 2018/19. Finance Minister Dr Yuba Raj Khatiwada presented the budget in the federal parliament on Tuesday, May 29.</p>

<p>The budget allocated for the upcoming fiscal year is more that the budget of the current FY by Rs 268 billion. The budget allocated for the current FY is Rs 1.04 trillion.</p>

<p>The National Planning Commission had set a budget ceiling of Rs 1.24 trillion for the government. However, the government announced the annual budget exceeding the limit by Rs 111 billion.</p>

<p>While presenting the financial details of the government in the parliament, Finance Minister Khatiwada announced that recurrent budget for the upcoming fiscal year has been set at Rs 845.45 billion out the total budget. The government will be spending Rs 314 billion as capital expenditure. The capital expenditure of the government in the current FY is Rs 239 billion.</p>

<p>Likewise, the government has allocated Rs 156 billion for financial management. This is 11.8 percent of the total budget.</p>

<p>The government plans to meet the budget expenditure by collecting Rs 1.03 billion revenue. The government will manage the remaining amount through grants and loans. Finance Minister Khatiwada said that the government will receive grants of Rs 58.81 billion as grant while it will receive Rs 253 billion as loan to meet the deficit of around Rs 300 billion.</p>

<p>Out of the total budget, the government has set aside Rs 1.06 billion for the central government while it has allocated Rs 113 billion for Province 7 and Rs 195 billion for the 753 local units across the country.</p>
',
			'published' => true,
			'created' => '2018-05-30',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '8104',
			'image' => '20180530034749_yub raj khatiwada (2).jpg',
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	(int) 13 => array(
		'Article' => array(
			'id' => '8322',
			'article_category_id' => '1',
			'title' => 'Experts' views on Budget',
			'sub_title' => '',
			'summary' => 'Following the announcement of budget in the federal parliament by Finance Minister Ybua Raj Khatiwada on Tuesday, May 29, here is the reaction from stakeholders in the field of politics and business.',
			'content' => '<p>Following the announcement of budget in the federal parliament by Finance Minister Ybua Raj Khatiwada on Tuesday, May 29, here is the reaction from stakeholders in the field of politics and business.</p>

<p>&nbsp;</p>

<p>Nature of budget is the continuation of previous one</p>

<p>Baburam Bhattarai,</p>

<p>Former prime minister</p>

<p>I became a bit disappointed with the budget announcement. The government seems to have missed an opportunity to lead the country to prosperity despite having majority. It does not seem to address the expectations of the Nepali citizens in bringing about development and prosperity. In essence, the nature of the budget is the continuity of the previous one.</p>

<p>One of the indicators of development is empowerment of provincial and local levels. Development is impossible unless it is carried at the grassroots level. Only Rs 400 billion out of Rs 1300 billion has been allocated for the provincial and local levels.</p>

<p>&nbsp;</p>

<p>Low budget for industrial sector</p>

<p>Madhav Kumar Nepal,</p>

<p>Former prime minister</p>

<p>The country&#39;s economy will prosper if the budget is implemented. The budget is positive about development of infrastructure and education. But only Rs 10 billion has been allocated for the Ministry of Industry. The budget for industrial sector was much less than our expectation. We were hopeful that the budget for industrial sector would range from Rs 40 to 50 billion.</p>

<p>&nbsp;</p>

<p>Budget is positive</p>

<p>Bhawani Rana</p>

<p>President, Federation of Nepalese Chambers of Commerce and Industry</p>

<p>The budget has addressed the issue related to industry in local level, special economic zone (SEZ), and female empowerment.&nbsp; The tax system which has been introduced in the budget has to be studied. Some of our suggestions have been addressed in the budget. We welcome the steps taken to encourage export and discourage import in the business sector. There seems to be an improvement in the tax system and overall the budget looks positive.</p>

<p>&nbsp;</p>

<p>Doubtful on the stability of tax increment</p>

<p>Binod Chaudhary</p>

<p>Businessman</p>

<p>We are yet to analyse the budget of 2075/2076. The government has said that it will increase employment in the country and help to bring back the youths who have gone abroad to earn. Due to micro-level distribution of budget, we can&rsquo;t comment on it right now. The tax has been increased but it is yet to see for how long it remains. The finance minister has announced the plans according to his principles considering the rules and regulations. We need to see if this is applicable in the real scenario.</p>

<p>&nbsp;</p>

<p>Policy wise, the budget is clear</p>

<p>Gyanandra Lal Pradhan</p>

<p>Treasurer, FNCCI</p>

<p>The budget has clear policies. I have been waiting for this kind of budget for many years. The budget is socialist. It has rightly encouraged the area which needs to be encouraged and discouraged the area which needs to be discouraged.&nbsp; The budget has a programme to introduce mega project in every province. According to the programme, the government will bring solar power in Province 2 and 500 Megawatts of electricity production in other six provinces. This will increase our GDP by six percent.</p>

<p>&nbsp;</p>

<p>Encouraging local production is positive</p>

<p>Mohan Katuwal</p>

<p>President, Federation of Grill and Steel Association Nepal</p>

<p>Analyzing the budget, it is overall good.&nbsp; We hope that it will be implemented well. The budget allocation for small entrepreneurs is a positive step.&nbsp; The provision to establish industries in local levels, provide loan to youths by keeping their certificates as collateral, promoting export and giving priority to female entrepreneurs are very much positive.</p>

<p>&nbsp;</p>

<p>Ambitious but optimistic</p>

<p>Hari Bhakta Sharma</p>

<p>President, CNI</p>

<p>We had demanded special programmes for the business sector in Nepal in order to create job opportunities.</p>

<p>The budget has acknowledged this issue but which programme and how much budget is allocated for the matter is yet to know. The challenge for the industries was acquiring land. Now the government has announced to establish industrial estate in all seven provinces of the country. This is a positive aspect of the budget.</p>

<p>Overall, the budget is ambitious but positive and the budget has addressed CNI&#39;s concerns.</p>

<p>&nbsp;</p>

<p>Not as per the expectations</p>

<p>Gyanendra Bahadur Karki</p>

<p>Former finance minister</p>

<p>The budget could not meet the expectation of the Nepali citizens though it comes at a time when there is political stability. This budget is just limited to slogan. It lacks clear direction to transform those slogans into reality. Although there are positive things, it seems to be out of track.</p>

<p>&nbsp;</p>

<p style="margin-left:-4.5pt"><strong>Budget&#39;s effectiveness depends on its execution</strong></p>

<p style="margin-left:-4.5pt"><strong>Babu Lal Chachan</strong></p>

<p style="margin-left:-4.5pt">Chairman, Chachan Group</p>

<p style="margin-left:-4.5pt">The budget announced by the government is much smaller in size than the hype the preceded it and aptly fits in the current context of the country. There were also rumours of increase in Value Added Tax but it has been maintained at 13 percent, which is quite positive.</p>

<p style="margin-left:-4.5pt">The budget has mentioned 5 percent subsidy to encourage export. The government has been poviding subsidies for export to third countries since a long time. However, such subsidies are also needed for export to India, which is one of the fastest growing economies in the world.</p>

<p style="margin-left:-4.5pt">Tax omission in education and health sector is also a positive side of the budget. Management and effectiveness of the budget depends on its execution.</p>

<p style="margin-left:-4.5pt">In general, the budget can be taken positively.</p>

<p><strong>Budget is average </strong></p>

<p><strong>Shyam Giri</strong></p>

<p><strong>President, Federation of Nepal Cottage and Small Industries</strong></p>

<p>The budget is overall average. It has included social sectors. It has also addressed the agriculture sector in a positive way and also addressed the micro-entrepreneurship. The micro entrepreneurs will receive income tax concession for five years, which is a positive aspect of the budget. The provision to provide Rs 700,000 loan to the unemployed youths with their academic certificate as collateral and Rs 1.5 million to the foreign employment returnees has opened new door for entrepreneurship.</p>

<p><strong>Not according to expectation </strong></p>

<p><strong>Pashupati Murarka</strong></p>

<p><strong>Former president, FNCCI</strong></p>

<p>The budget is like the continuity of the previous budgets and it has not met our expectation. We had expected that there would be lots of changes in the programmes but it is almost the same. Another point is that we cannot comment on the substitution of import right now. The government has announced changes in the tax rates, but we are yet to see the document. The income tax net has been expanded. &nbsp;The exit and entry of industries will be easy, and that is a positive point. The issue related to one-door system is raised every year but the implementation part is always lacking. Only 26 percent of the budget has been allocated for the capital expenditure and this is very less.</p>

<p>&nbsp;</p>

<p><strong>Socialist budget</strong></p>

<p><strong>Shekhar Golchha</strong></p>

<p><strong>Senior Vice-President, FNCCI</strong></p>

<p>The budget is socialist and it has addressed the problems and needs of the marginalized communities. The budget is positive. The suggestions of the private sector have been addressed. It is exciting to hear the facility of special economic zones (SEJ) in the budget. However, the challenging part is the implementation. Subsidy for industrial export has reached five percent. This is a very positive news.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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			'created' => '2018-05-30',
			'modified' => '2018-05-30',
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			'description' => '',
			'sortorder' => '8103',
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		'Article' => array(
			'id' => '8324',
			'article_category_id' => '1',
			'title' => 'Real Estate Business to Run From Licensed Companies Only',
			'sub_title' => '',
			'summary' => 'May 30: The real estate business is set to run from licensed companies only. ',
			'content' => '<p>May 30: The real estate business is set to run from licensed companies only. According to the budget statement presented in the federal parliament by Finance Minister Yuba Raj Khatiwada on Tuesday, May 29, the government is all set to implement laws to this effect.</p>

<p>The government is preparing to introduce laws for the management of real estate business. People without registering any firm have been taking commission as per their wish in the real estate business. Former chief of Land Revenue Office, Dillibazar, Padmanidhi Soti said that the abiding by the rule of doing transactions from licensed companies only will assure consistency in fixed commission rate in the business. &ldquo;In addition, it will also increase the revenue of the government,&rdquo; he added.</p>

<p>Ashish Garg, coordinator of Housing Development Unit under Nepal Land and Housing Developers&rsquo; Association (NLHDA), said that though the announcement of government to run the business through licensed companies is good, the government is doing so without any pre-plan. &ldquo;This will create fear among entrepreneurs and result in reduced transaction,&rdquo; he added.</p>

<p>The government has not categorised sectors with mercantile and housing purpose. He said that it will take time to prepare the infrastructure and procedure and to decide companies with what type of proficiency will be handed over the license. &ldquo;The government has started a project that should be implemented after a year so the rule should not be made compulsory,&rdquo; Garg told New Business Age. &nbsp;&nbsp;</p>

<p>&nbsp;</p>
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
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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
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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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	(int) 0 => array(
		'Article' => array(
			'id' => '8336',
			'article_category_id' => '1',
			'title' => 'Two More Branches of Mega Bank',
			'sub_title' => '',
			'summary' => 'May 31: Mega Bank in a bid to expand its service across the nation has opened new branches at two different places.',
			'content' => '<p>May 31: Mega Bank in a bid to expand its service across the nation has opened new branches at two different places. The bank said in a statement that it has opened branches in Lahan Municipality of Siraha and Bhimsen Thapa Rural Municipality of Gorkha district.</p>

<p>According to the bank, the branches will avail all kinds of modern banking services.</p>

<p>The bank within the last few weeks has opened ten new branches. At present, the bank has been providing its services through 93 branches and 74 ATM outlets spread across the country.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8116',
			'image' => null,
			'article_date' => '2018-05-31 00:00:00',
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		'Article' => array(
			'id' => '8335',
			'article_category_id' => '1',
			'title' => 'NMB Bags Bank Partner in Fragile Countries 2017 Award',
			'sub_title' => '',
			'summary' => 'May 31: NMB Bank has been adjudged the 'Best Issuing Bank Partner in Fragile Countries 2017- South Asia' by the International Finance Corporation (IFC).',
			'content' => '<p>May 31: NMB Bank has been adjudged the &#39;Best Issuing Bank Partner in Fragile Countries 2017- South Asia&#39; by the International Finance Corporation (IFC).</p>

<p>NMB Bank has become the first bank of Nepal to be honoured with the award during the IFC Trade Awards, according to a press statement issued by the bank.</p>

<p>Vittorio Di Bello, regional head for Asia and Pacific at the Regional Financial Institute Group handed over the award to the bank&#39;s CEO Sunil KC in recognition of the bank&#39;s partnership in global trade finance programme for 2017, reads the statement.</p>

<p>With this trade award, the bank has bagged three international awards this year including the &#39;The Banker of the Year 2017&#39; from the Financial Times and &#39;Certificate of Merit&#39; from Frost and Sullivan.</p>
',
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			'sortorder' => '8115',
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			'article_date' => '2018-05-31 00:00:00',
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			'id' => '8334',
			'article_category_id' => '1',
			'title' => 'Ncell confers Scholarships, Excellence Awards to students',
			'sub_title' => '',
			'summary' => 'May 31: Ncell Private Limited on Thursday honoured outstanding students of various faculties of the Central Campus Pulchowk, Institute of Engineering (IoE), with Ncell Scholarships and Excellence Awards.',
			'content' => '<p>May 31: Ncell Private Limited&nbsp;on Thursday honoured outstanding students of various faculties of the Central Campus Pulchowk, Institute of Engineering (IoE), with Ncell Scholarships and Excellence Awards. The awards were handed as part of Ncell&#39;s corporate social responsibility (CSR) initiative aimed at promoting young talents and contributing to nation by nurturing skilled human resources, Ncell said in a statement.</p>

<p>Under the initiative, Ncell has been awarding Ncell Scholarships to students securing highest annual scores and Ncell Excellence Awards to students graduating with top scores in Bachelor of Engineering (BE) in electrical, electronics and communication, and computer faculties since 2014.</p>

<p>The scholarships and excellence awards were jointly handed over to the students by Campus Chief Prof Dr Gokarna Bahadur Motra, Assistant Campus Chief Jitendra Kumar Manandhar and Ncell officials&nbsp;on Thursday, May 31.</p>

<p>Twelve Ncell Scholarships were handed over to the topper students of BE electrical, electrics and communication, and computer amid a function. Similarly, four students who graduated from these faculties securing highest marks received Ncell Excellence Awards.</p>

<p>As a responsible corporate entity, Ncell said it remains committed towards nurturing young talents.</p>

<p>&quot;Ncell Scholarships and Excellence Awards resonates the company&rsquo;s commitment to contribute towards the development of young talents and future leaders. Ncell Scholarships and Excellence Awards over these five years have honoured hard work of the students, encouraging academic excellence. Ncell feels proud to be associated with IoE for this noble cause,&quot; the statement further said.</p>

<p>Scholarships are provided on the basis of annual scores of first, second and third years and students receive it for studying the second, third and fourth years, respectively. The 12 scholarships receivers include three toppers, one each from electrical, electronics and communication, and computer faculties and one female topper among all female students of these three faculties from each batch.</p>

<p>Ncell Excellence Awards, on the other hand, are given to the students graduating with top scores from each of these faculties and also to a female student graduating with top scores among all female students of these three faculties. Each Ncell Scholarship and Ncell Excellence Awards carries a purse of Rs 100,000.</p>

<p>Ncell said it has been keeping education sector in its CSR priority list and carrying out various programmes since 2010. Under this, 14 girls of remote districts of Karnali and other rural districts, who got good grades among female students in SLC, but faced financial difficulties to continue further education, have received Ncell Girls Scholarships.</p>

<p>Likewise, Ncell has established 16 digital libraries to support digital education, and supported 44 community schools to equip them with educational infrastructures such as classrooms, drinking water, toilets and sports, among others. Together, these supports have benefitted over 25,000 students in rural Nepal.</p>

<p>Apart from these, Ncell, under its CSR initiatives, has also supported young talents to unleash their digital potential, contributed to promote Nepali literature, art, music, sports such as football and cricket, among others. The company has also contributed in health sector and environmental conservation through different CSR projects.</p>

<p>&nbsp;</p>
',
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		'Article' => array(
			'id' => '8333',
			'article_category_id' => '1',
			'title' => 'Century Bank Adds Three More Branches',
			'sub_title' => '',
			'summary' => 'May 31: Century Commercial Bank has opened three more branches at different places in accordance to the policy of Nepal Rastra Bank to make available banking services at all local levels of the country.',
			'content' => '<p>May 31: Century Commercial Bank has opened three more branches at different places in accordance to the policy of Nepal Rastra Bank to make available banking services at all local levels of the country.</p>

<p>The bank opened branches at Birendranagar of Surkhet, Naya Bazar of Narayan municipality in Dailekh and Sahidgate of Ghorahi Municipality in Dang.</p>

<p>Rajesh Kumar Shrestha, the bank&#39;s chairperson, inaugurated all the branches amid a function on Wednesday, May 30.</p>

<p>&nbsp;The bank&#39;s CEO Tulsi Ram Gautam said that the branches will provide wide array of banking services benefitting the locals and entrepreneurs of the areas.</p>

<p>&nbsp;</p>
',
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			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8113',
			'image' => '20180531015600_Century.jpg',
			'article_date' => '2018-05-31 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '8332',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Touches Down for the First Time at Greek Island Airport',
			'sub_title' => '',
			'summary' => 'May 31: Qatar Airways has announced the start of its new direct non-stop service from Doha to Mykonos, a Greek island.',
			'content' => '<p>May 31: Qatar Airways has announced the start of its new direct non-stop service from Doha to Mykonos, a Greek island. The newly-launched seasonal service to Greece&rsquo;s most popular island will operate four times a week from Doha beginning from May 30.</p>

<p>Mykonos is a world&ndash;renowned cosmopolitan island and a paradise in the heart of the Cyclades, the airlines said in a statement.</p>

<p>&quot;The small island is known for its picturesque views and beautiful sandy beaches. There are many things to do in Mykonos such as walking along the narrow streets of Chora, watching the sunset from Little Venice, staying in luxurious hotels and swimming in the clear sea of the Aegean. Mykonos holidays are often combined with holidays to Santorini and other Cycladic islands,&quot; the statement added.</p>

<p>Qatar Airways Group Chief Executive Akbar Al Baker, said, &ldquo;We are thrilled that we have further expanded our operations to the beautiful island of Mykonos, only two months after the launch of service to Thessaloniki. Today&rsquo;s inaugural flight to popular Mykonos marks further growth and strengthening bonds between the State of Qatar and Greece. We are looking forward to further enhancing this relationship, connecting Mykonos to Qatar Airways&rsquo; extensive global network and helping to open up and develop these attractive destinations for business and leisure travellers from around the world.&rdquo;</p>

<p>Chief Executive Officer of Fraport, Greece, Alexander Zinell, said, &quot;It is with great pleasure that all of us at Fraport Greece welcome Qatar Airways&rsquo; new route from Doha to Mykonos. Mykonians, who have turned their island into a unique global touristic attraction, will now welcome passengers arriving four times a week directly from Doha. This new route offered by our partners from Qatar Airways links these two beautiful and diverse worlds, enabling travellers to reach their destination fast and in five-star comfort.&quot;</p>

<p>Four weekly seasonal flights to Mykonos International Airport will be operated by an Airbus A320, featuring 12 seats in Business Class and 132 seats in Economy Class, according to the airline. With the launch of Mykonos, Qatar Airways has increased its flights to 58 times a week from Doha&rsquo;s five-star Hamad International Airport to Greece.</p>

<p>Qatar Airways currently holds the title of &lsquo;Airline of The Year&rsquo; as awarded by the prestigious 2017 Skytrax World Airline Awards.</p>

<p>Flight Schedule: (May 30-September 30)</p>

<p>Doha (DOH) to Mykonos (JMK) QR 311 departs 08:05 arrives 13:00 (Sat, Sun, Wed, Thu)</p>

<p>Mykonos (JMK) to Doha (DOH) QR 312 departs 14:00 arrives 18:40 (Sat, Sun, Wed, Thu)</p>
',
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			'description' => '',
			'sortorder' => '8112',
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		'Article' => array(
			'id' => '8331',
			'article_category_id' => '1',
			'title' => 'Nepali Ghar Hotel officially starts service',
			'sub_title' => '',
			'summary' => 'May 31: Nepali Ghar Hotel announced its formal opening on Wednesday, May 30.',
			'content' => '<p>May 31: Nepali Ghar Hotel announced its formal opening on Wednesday, May 30. Minister for Culture, Tourism and Civil Aviation, Rabindra Adhikari inaugurated the hotel amidst a function held at the hotel premises in Thamel.</p>

<p>Located in a tourist hub, Nepali Ghar Hotel is designed and crafted in a traditional Nepalese way to provide an authentic experience to the guests, said Raju Shrestha, Managing Director of the Hotel. According to him, the interiors of the hotel are decorated by local artists with distinctive Nepali style.</p>

<p>Equipped with state-of-the-art technology, the hotel offers all modern amenities such as comfortable rooms, complimentary wifi access, 24/7 fitness center, meeting room, all day dining restaurant and room service.</p>

<p>The hotel said that it assures a memorable experience to its customers through genuine Nepali-style hospitality, which is the core value of the hotel.</p>

<p>&quot;Nepali Ghar Hotel aims to offer unique flavour of hospitality and culture and is committed to achieve new standard of excellence to address all needs of our valued customers,&quot; MD Shrestha said during the inauguration.</p>

<p>&quot;We are dedicated in turning each and every moment spent at Nepali Ghar Hotel into memories for our guests.&quot;</p>

<p>According to him, the hotel offers 34 rooms including two suites--Kailashkut and Mangriha. Each room is equipped with 40 inch LED TV, bottled water, cotton rich linen, electronic safe (laptop size), individual climate control system, mini bar with refrigerator, tea/coffee maker with cookies and high-speed internet access. Rooms are decorated with traditional Nepali artistry.</p>

<p>It also offers complimentary valet parking, airport drop and pick-up facility, foreign exchange, in-room dining, and laundry service.</p>

<p>The hotel lies close to popular attractions like the Garden of Dreams, Narayanhiti Palace Museum and Kathmandu Durbar Square, and is only 5 km from Tribhuvan International Airport.</p>

<p><br />
<br />
&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8111',
			'image' => '20180531013312_Clipboard01.jpg',
			'article_date' => '2018-05-31 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '8330',
			'article_category_id' => '1',
			'title' => 'Finance Minister Urges Private Sector to Increase Investment',
			'sub_title' => '',
			'summary' => 'May 31: Finance Minister Yuba Raj Katiwada, on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.',
			'content' => '<p>May 31: Finance Minister Yuba Raj Katiwada,&nbsp;on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.</p>

<p>Speaking at a discussion program on budget, Minister Khatiwada said that the country is investment friendly and urged the private sector to fully utilize the situation.</p>

<p>He further added that the government is ready to amend different acts if needed to encourage the private sector to increase investment for the prosperity of the nation.</p>

<p>&ldquo;In co-ordination with the private sector, the government will form Investment Board Act, amend Industrial Enterprises Act, and form new policies to increase domestic investment,&rdquo; he said, adding that the government will not interfere with the private sector.</p>

<p>&ldquo;The government doesn&rsquo;t do business. The government can only create business-friendly environment for the private sector. The private sector should increase the investment afterwards,&rdquo; he said.</p>

<p>&nbsp;</p>
',
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			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8110',
			'image' => '20180531015046_yub raj khatiwada (3).jpg',
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		'Article' => array(
			'id' => '8329',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank onboard IME Pay Wallet',
			'sub_title' => '',
			'summary' => 'May 31: Siddhartha Bank has signed an agreement with IME Digital Solution Limited to help its customers link their IME Pay Wallet with their Siddhartha Bank account.',
			'content' => '<p>May 31: Siddhartha Bank has signed an agreement with IME Digital Solution Limited to help its customers link their IME Pay Wallet with their Siddhartha Bank account. This enables the customers to seamlessly transfer funds to and from their bank accounts to the wallet, IME Digital Solution Limited said in a statement.</p>

<p>The bank&#39;s customers will also be able to avail recharge, payments, small value money transfer services along with myriad of other online and offline services, QR code-based payment services of IME Pay.</p>

<p>With Siddhartha Bank onboard, IME Pay now has four partner banks signed up in its wallet ecosystem. The other banks are Global IME Bank, Sunrise Bank and Bank of Kathmandu.</p>

<p>IME Digital Solution Limited, which developed and introduced mobile money transfer service &ldquo;IME Pay&rdquo; was granted with Payment Service Provider (PSP) license by Nepal Rastra Bank in June, 2017.</p>

<p>The company obtained the operating license under NRB&rsquo;s &ldquo;Payments and Settlement Bylaw 2072&rdquo; for wallet service through mobile telephone network making it the first licensed PSP of the country.</p>
',
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			'sortorder' => '8109',
			'image' => '20180531010749_IME-Pay-Logo_white (2).jpg',
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	(int) 8 => array(
		'Article' => array(
			'id' => '8328',
			'article_category_id' => '1',
			'title' => 'Govt allocates 33 billion for  agriculture',
			'sub_title' => '',
			'summary' => 'May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.',
			'content' => '<p>May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.</p>

<p>The government has allocated a total of Rs 33.71 billion for the agriculture sector.</p>

<p>Out of the allocated budget, the government, for the development and commercialization of agricultural sector, has allocated Rs 4.77 billion for the Prime Minister Agriculture Modernization Program.</p>

<p>Finance Minister Yuba Raj Khatiwada said that the government has also allocated budget to provide grants to the farmers. The government has also allocated budget to establish cooperative agricultural farm in seven provinces.</p>

<p>The government has also announced to forgive debts of small farmers who have taken loans from co-operatives.</p>

<p>&nbsp;</p>
',
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			'image' => '20180530052533_20170720022614_khet ropai photo.jpg',
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	(int) 9 => array(
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			'id' => '8327',
			'article_category_id' => '1',
			'title' => 'Tourism and Aviation Sector gets Rs 24b',
			'sub_title' => '',
			'summary' => 'May 30: The government has allocated more than Rs 24 billion for tourism and civil aviation sector for the fiscal year 2018/2019.',
			'content' => '<p>May 30: The government has allocated more than Rs 24 billion for tourism and civil aviation sector for the fiscal year 2018/2019.</p>

<p>Announcing budget in the parliament&nbsp;on Tuesday, Finance Minister Yuba Raj Khatiwada said that a total of Rs 5.20 billion has been allocated for tourism, while Rs 19 billion has been allocated for civil aviation sector.</p>

<p>The government has prioritized construction of Nijgadh airport, Pokhara Regional International Airport and Gautam Buddha Regional International Airport. Likewise, the government has also allocated budget for the maintenance of Tribhuvan International Airport.</p>

<p>The government has set a plan to organise &lsquo;Visit Nepal 2020&rsquo; campaign. It also has set the target to attract more than 2 million tourists in the country annually. To support the ambitious target, the government will build Kirtipur Cultural Museum, and has also announced other targets to support the tourism sector.</p>

<p>&nbsp;</p>
',
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	(int) 10 => array(
		'Article' => array(
			'id' => '8326',
			'article_category_id' => '1',
			'title' => 'Government to Provide 5 Percent Subsidy on Export of Industrial Products',
			'sub_title' => '',
			'summary' => 'May 30: The government has announced to provide 5 percent subsidy on the export of industrial products to minimise trade deficit and promote export.',
			'content' => '<p>May 30: The government has announced to provide 5 percent subsidy on the export of industrial products to minimise trade deficit and promote export. The government made such announcement while presenting the budget for the fiscal year 2018/19 in the federal parliament on Tuesday, May 29.</p>

<p>The government has allocated Rs 10 billion for the development of industry, commerce and supply in the upcoming FY. Creating employment opportunities and promoting agriculture, forest and mining industries are mentioned in the budget statement.</p>

<p>The government&#39;s decision to announce subsidy for export is aimed at identifying, developing and promoting the products in the foreign market.</p>

<p><strong>Provisions in the field of Commerce and Supply</strong></p>

<ul>
	<li>Establishment of handicraft selling and exhibition class in all seven provinces.</li>
	<li>Establishment of quarantine laboratory in border points.</li>
	<li>Establishment of freight stations.</li>
	<li>Expansion of areas to acquire certification mark.</li>
	<li>Operation of fair price market through cooperatives in every local level.</li>
	<li>Arrangement of subsidy in food to the citizens having state security identity cards.</li>
	<li>Making supply system competitive and breaking the syndicate in goods and services and &nbsp;pricing.</li>
	<li>Increasing the capacity of petroleum products&rsquo; storage and make it last for at least three months.</li>
	<li>Reviewing Nepal Oil Corporation&rsquo;s system of supply, cost structure and price determination.</li>
</ul>
',
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	(int) 11 => array(
		'Article' => array(
			'id' => '8325',
			'article_category_id' => '1',
			'title' => 'Rs 84 billion allocated for energy sector',
			'sub_title' => '',
			'summary' => 'May 30: The government has allocated Rs 83.89 billion for energy sector for the fiscal year 2018/19.',
			'content' => '<p>May 30: The government has allocated Rs 83.89 billion for energy sector for the fiscal year 2018/19.</p>

<p>The budget aims to make additional energy available within three years and supply electricity as per the demand within five years.</p>

<p>The budget presented by Finance Minister Dr Yuba Raj Khatiwada in the federal parliament on Tuesday, May 29, proposes terming the years between 2018 and 2028 an energy decade.</p>

<p>The budget plan has focused on issues that were raised by Nepal Electricity Authority and Ministry of Energy, Water Resources and Irrigation.</p>

<p>The budget has included construction of Butwal-Gorakhpur II and other cross-border transmission lines and expansion of internal high-tension lines and Galchi-Rasuwagadi-Kerung cross-border transmission line, which were also in the white paper presented by Barsaman Pun, minister for Energy, Water Resources and Irrigation.</p>

<p>The budget has given extra attention to smart meter and smart grids, projects of the Ministry of Energy and Nepal Electricity Authority. The involvement of private sector in construction of transmission lines, solutions to domestic investment in the development of energy sector are included in the budget plan.</p>

<p>Projects like compensation distribution to people affected by the Budigandaki Hydroelectricity Project, construction of West Seti Hydro Electricity Project with national resources and initiation of Karnali Chisapani Project are included in the budget plan. However, the budget plan is silent about providing the required fund to execute the plans. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
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			'sortorder' => '8105',
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	(int) 12 => array(
		'Article' => array(
			'id' => '8321',
			'article_category_id' => '1',
			'title' => 'Government Announces Rs 1.31 Trillion Budget',
			'sub_title' => '',
			'summary' => 'May 30: The government has announced a budget of Rs 1.31 trillion for the fiscal year 2018/19.',
			'content' => '<p>May 30: The government has announced a budget of Rs 1.31 trillion for the fiscal year 2018/19. Finance Minister Dr Yuba Raj Khatiwada presented the budget in the federal parliament on Tuesday, May 29.</p>

<p>The budget allocated for the upcoming fiscal year is more that the budget of the current FY by Rs 268 billion. The budget allocated for the current FY is Rs 1.04 trillion.</p>

<p>The National Planning Commission had set a budget ceiling of Rs 1.24 trillion for the government. However, the government announced the annual budget exceeding the limit by Rs 111 billion.</p>

<p>While presenting the financial details of the government in the parliament, Finance Minister Khatiwada announced that recurrent budget for the upcoming fiscal year has been set at Rs 845.45 billion out the total budget. The government will be spending Rs 314 billion as capital expenditure. The capital expenditure of the government in the current FY is Rs 239 billion.</p>

<p>Likewise, the government has allocated Rs 156 billion for financial management. This is 11.8 percent of the total budget.</p>

<p>The government plans to meet the budget expenditure by collecting Rs 1.03 billion revenue. The government will manage the remaining amount through grants and loans. Finance Minister Khatiwada said that the government will receive grants of Rs 58.81 billion as grant while it will receive Rs 253 billion as loan to meet the deficit of around Rs 300 billion.</p>

<p>Out of the total budget, the government has set aside Rs 1.06 billion for the central government while it has allocated Rs 113 billion for Province 7 and Rs 195 billion for the 753 local units across the country.</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '8104',
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	(int) 13 => array(
		'Article' => array(
			'id' => '8322',
			'article_category_id' => '1',
			'title' => 'Experts' views on Budget',
			'sub_title' => '',
			'summary' => 'Following the announcement of budget in the federal parliament by Finance Minister Ybua Raj Khatiwada on Tuesday, May 29, here is the reaction from stakeholders in the field of politics and business.',
			'content' => '<p>Following the announcement of budget in the federal parliament by Finance Minister Ybua Raj Khatiwada on Tuesday, May 29, here is the reaction from stakeholders in the field of politics and business.</p>

<p>&nbsp;</p>

<p>Nature of budget is the continuation of previous one</p>

<p>Baburam Bhattarai,</p>

<p>Former prime minister</p>

<p>I became a bit disappointed with the budget announcement. The government seems to have missed an opportunity to lead the country to prosperity despite having majority. It does not seem to address the expectations of the Nepali citizens in bringing about development and prosperity. In essence, the nature of the budget is the continuity of the previous one.</p>

<p>One of the indicators of development is empowerment of provincial and local levels. Development is impossible unless it is carried at the grassroots level. Only Rs 400 billion out of Rs 1300 billion has been allocated for the provincial and local levels.</p>

<p>&nbsp;</p>

<p>Low budget for industrial sector</p>

<p>Madhav Kumar Nepal,</p>

<p>Former prime minister</p>

<p>The country&#39;s economy will prosper if the budget is implemented. The budget is positive about development of infrastructure and education. But only Rs 10 billion has been allocated for the Ministry of Industry. The budget for industrial sector was much less than our expectation. We were hopeful that the budget for industrial sector would range from Rs 40 to 50 billion.</p>

<p>&nbsp;</p>

<p>Budget is positive</p>

<p>Bhawani Rana</p>

<p>President, Federation of Nepalese Chambers of Commerce and Industry</p>

<p>The budget has addressed the issue related to industry in local level, special economic zone (SEZ), and female empowerment.&nbsp; The tax system which has been introduced in the budget has to be studied. Some of our suggestions have been addressed in the budget. We welcome the steps taken to encourage export and discourage import in the business sector. There seems to be an improvement in the tax system and overall the budget looks positive.</p>

<p>&nbsp;</p>

<p>Doubtful on the stability of tax increment</p>

<p>Binod Chaudhary</p>

<p>Businessman</p>

<p>We are yet to analyse the budget of 2075/2076. The government has said that it will increase employment in the country and help to bring back the youths who have gone abroad to earn. Due to micro-level distribution of budget, we can&rsquo;t comment on it right now. The tax has been increased but it is yet to see for how long it remains. The finance minister has announced the plans according to his principles considering the rules and regulations. We need to see if this is applicable in the real scenario.</p>

<p>&nbsp;</p>

<p>Policy wise, the budget is clear</p>

<p>Gyanandra Lal Pradhan</p>

<p>Treasurer, FNCCI</p>

<p>The budget has clear policies. I have been waiting for this kind of budget for many years. The budget is socialist. It has rightly encouraged the area which needs to be encouraged and discouraged the area which needs to be discouraged.&nbsp; The budget has a programme to introduce mega project in every province. According to the programme, the government will bring solar power in Province 2 and 500 Megawatts of electricity production in other six provinces. This will increase our GDP by six percent.</p>

<p>&nbsp;</p>

<p>Encouraging local production is positive</p>

<p>Mohan Katuwal</p>

<p>President, Federation of Grill and Steel Association Nepal</p>

<p>Analyzing the budget, it is overall good.&nbsp; We hope that it will be implemented well. The budget allocation for small entrepreneurs is a positive step.&nbsp; The provision to establish industries in local levels, provide loan to youths by keeping their certificates as collateral, promoting export and giving priority to female entrepreneurs are very much positive.</p>

<p>&nbsp;</p>

<p>Ambitious but optimistic</p>

<p>Hari Bhakta Sharma</p>

<p>President, CNI</p>

<p>We had demanded special programmes for the business sector in Nepal in order to create job opportunities.</p>

<p>The budget has acknowledged this issue but which programme and how much budget is allocated for the matter is yet to know. The challenge for the industries was acquiring land. Now the government has announced to establish industrial estate in all seven provinces of the country. This is a positive aspect of the budget.</p>

<p>Overall, the budget is ambitious but positive and the budget has addressed CNI&#39;s concerns.</p>

<p>&nbsp;</p>

<p>Not as per the expectations</p>

<p>Gyanendra Bahadur Karki</p>

<p>Former finance minister</p>

<p>The budget could not meet the expectation of the Nepali citizens though it comes at a time when there is political stability. This budget is just limited to slogan. It lacks clear direction to transform those slogans into reality. Although there are positive things, it seems to be out of track.</p>

<p>&nbsp;</p>

<p style="margin-left:-4.5pt"><strong>Budget&#39;s effectiveness depends on its execution</strong></p>

<p style="margin-left:-4.5pt"><strong>Babu Lal Chachan</strong></p>

<p style="margin-left:-4.5pt">Chairman, Chachan Group</p>

<p style="margin-left:-4.5pt">The budget announced by the government is much smaller in size than the hype the preceded it and aptly fits in the current context of the country. There were also rumours of increase in Value Added Tax but it has been maintained at 13 percent, which is quite positive.</p>

<p style="margin-left:-4.5pt">The budget has mentioned 5 percent subsidy to encourage export. The government has been poviding subsidies for export to third countries since a long time. However, such subsidies are also needed for export to India, which is one of the fastest growing economies in the world.</p>

<p style="margin-left:-4.5pt">Tax omission in education and health sector is also a positive side of the budget. Management and effectiveness of the budget depends on its execution.</p>

<p style="margin-left:-4.5pt">In general, the budget can be taken positively.</p>

<p><strong>Budget is average </strong></p>

<p><strong>Shyam Giri</strong></p>

<p><strong>President, Federation of Nepal Cottage and Small Industries</strong></p>

<p>The budget is overall average. It has included social sectors. It has also addressed the agriculture sector in a positive way and also addressed the micro-entrepreneurship. The micro entrepreneurs will receive income tax concession for five years, which is a positive aspect of the budget. The provision to provide Rs 700,000 loan to the unemployed youths with their academic certificate as collateral and Rs 1.5 million to the foreign employment returnees has opened new door for entrepreneurship.</p>

<p><strong>Not according to expectation </strong></p>

<p><strong>Pashupati Murarka</strong></p>

<p><strong>Former president, FNCCI</strong></p>

<p>The budget is like the continuity of the previous budgets and it has not met our expectation. We had expected that there would be lots of changes in the programmes but it is almost the same. Another point is that we cannot comment on the substitution of import right now. The government has announced changes in the tax rates, but we are yet to see the document. The income tax net has been expanded. &nbsp;The exit and entry of industries will be easy, and that is a positive point. The issue related to one-door system is raised every year but the implementation part is always lacking. Only 26 percent of the budget has been allocated for the capital expenditure and this is very less.</p>

<p>&nbsp;</p>

<p><strong>Socialist budget</strong></p>

<p><strong>Shekhar Golchha</strong></p>

<p><strong>Senior Vice-President, FNCCI</strong></p>

<p>The budget is socialist and it has addressed the problems and needs of the marginalized communities. The budget is positive. The suggestions of the private sector have been addressed. It is exciting to hear the facility of special economic zones (SEJ) in the budget. However, the challenging part is the implementation. Subsidy for industrial export has reached five percent. This is a very positive news.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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	(int) 14 => array(
		'Article' => array(
			'id' => '8324',
			'article_category_id' => '1',
			'title' => 'Real Estate Business to Run From Licensed Companies Only',
			'sub_title' => '',
			'summary' => 'May 30: The real estate business is set to run from licensed companies only. ',
			'content' => '<p>May 30: The real estate business is set to run from licensed companies only. According to the budget statement presented in the federal parliament by Finance Minister Yuba Raj Khatiwada on Tuesday, May 29, the government is all set to implement laws to this effect.</p>

<p>The government is preparing to introduce laws for the management of real estate business. People without registering any firm have been taking commission as per their wish in the real estate business. Former chief of Land Revenue Office, Dillibazar, Padmanidhi Soti said that the abiding by the rule of doing transactions from licensed companies only will assure consistency in fixed commission rate in the business. &ldquo;In addition, it will also increase the revenue of the government,&rdquo; he added.</p>

<p>Ashish Garg, coordinator of Housing Development Unit under Nepal Land and Housing Developers&rsquo; Association (NLHDA), said that though the announcement of government to run the business through licensed companies is good, the government is doing so without any pre-plan. &ldquo;This will create fear among entrepreneurs and result in reduced transaction,&rdquo; he added.</p>

<p>The government has not categorised sectors with mercantile and housing purpose. He said that it will take time to prepare the infrastructure and procedure and to decide companies with what type of proficiency will be handed over the license. &ldquo;The government has started a project that should be implemented after a year so the rule should not be made compulsory,&rdquo; Garg told New Business Age. &nbsp;&nbsp;</p>

<p>&nbsp;</p>
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Code Context
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		'Article' => array(
			'id' => '8336',
			'article_category_id' => '1',
			'title' => 'Two More Branches of Mega Bank',
			'sub_title' => '',
			'summary' => 'May 31: Mega Bank in a bid to expand its service across the nation has opened new branches at two different places.',
			'content' => '<p>May 31: Mega Bank in a bid to expand its service across the nation has opened new branches at two different places. The bank said in a statement that it has opened branches in Lahan Municipality of Siraha and Bhimsen Thapa Rural Municipality of Gorkha district.</p>

<p>According to the bank, the branches will avail all kinds of modern banking services.</p>

<p>The bank within the last few weeks has opened ten new branches. At present, the bank has been providing its services through 93 branches and 74 ATM outlets spread across the country.</p>

<p>&nbsp;</p>
',
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		'Article' => array(
			'id' => '8335',
			'article_category_id' => '1',
			'title' => 'NMB Bags Bank Partner in Fragile Countries 2017 Award',
			'sub_title' => '',
			'summary' => 'May 31: NMB Bank has been adjudged the 'Best Issuing Bank Partner in Fragile Countries 2017- South Asia' by the International Finance Corporation (IFC).',
			'content' => '<p>May 31: NMB Bank has been adjudged the &#39;Best Issuing Bank Partner in Fragile Countries 2017- South Asia&#39; by the International Finance Corporation (IFC).</p>

<p>NMB Bank has become the first bank of Nepal to be honoured with the award during the IFC Trade Awards, according to a press statement issued by the bank.</p>

<p>Vittorio Di Bello, regional head for Asia and Pacific at the Regional Financial Institute Group handed over the award to the bank&#39;s CEO Sunil KC in recognition of the bank&#39;s partnership in global trade finance programme for 2017, reads the statement.</p>

<p>With this trade award, the bank has bagged three international awards this year including the &#39;The Banker of the Year 2017&#39; from the Financial Times and &#39;Certificate of Merit&#39; from Frost and Sullivan.</p>
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			'id' => '8334',
			'article_category_id' => '1',
			'title' => 'Ncell confers Scholarships, Excellence Awards to students',
			'sub_title' => '',
			'summary' => 'May 31: Ncell Private Limited on Thursday honoured outstanding students of various faculties of the Central Campus Pulchowk, Institute of Engineering (IoE), with Ncell Scholarships and Excellence Awards.',
			'content' => '<p>May 31: Ncell Private Limited&nbsp;on Thursday honoured outstanding students of various faculties of the Central Campus Pulchowk, Institute of Engineering (IoE), with Ncell Scholarships and Excellence Awards. The awards were handed as part of Ncell&#39;s corporate social responsibility (CSR) initiative aimed at promoting young talents and contributing to nation by nurturing skilled human resources, Ncell said in a statement.</p>

<p>Under the initiative, Ncell has been awarding Ncell Scholarships to students securing highest annual scores and Ncell Excellence Awards to students graduating with top scores in Bachelor of Engineering (BE) in electrical, electronics and communication, and computer faculties since 2014.</p>

<p>The scholarships and excellence awards were jointly handed over to the students by Campus Chief Prof Dr Gokarna Bahadur Motra, Assistant Campus Chief Jitendra Kumar Manandhar and Ncell officials&nbsp;on Thursday, May 31.</p>

<p>Twelve Ncell Scholarships were handed over to the topper students of BE electrical, electrics and communication, and computer amid a function. Similarly, four students who graduated from these faculties securing highest marks received Ncell Excellence Awards.</p>

<p>As a responsible corporate entity, Ncell said it remains committed towards nurturing young talents.</p>

<p>&quot;Ncell Scholarships and Excellence Awards resonates the company&rsquo;s commitment to contribute towards the development of young talents and future leaders. Ncell Scholarships and Excellence Awards over these five years have honoured hard work of the students, encouraging academic excellence. Ncell feels proud to be associated with IoE for this noble cause,&quot; the statement further said.</p>

<p>Scholarships are provided on the basis of annual scores of first, second and third years and students receive it for studying the second, third and fourth years, respectively. The 12 scholarships receivers include three toppers, one each from electrical, electronics and communication, and computer faculties and one female topper among all female students of these three faculties from each batch.</p>

<p>Ncell Excellence Awards, on the other hand, are given to the students graduating with top scores from each of these faculties and also to a female student graduating with top scores among all female students of these three faculties. Each Ncell Scholarship and Ncell Excellence Awards carries a purse of Rs 100,000.</p>

<p>Ncell said it has been keeping education sector in its CSR priority list and carrying out various programmes since 2010. Under this, 14 girls of remote districts of Karnali and other rural districts, who got good grades among female students in SLC, but faced financial difficulties to continue further education, have received Ncell Girls Scholarships.</p>

<p>Likewise, Ncell has established 16 digital libraries to support digital education, and supported 44 community schools to equip them with educational infrastructures such as classrooms, drinking water, toilets and sports, among others. Together, these supports have benefitted over 25,000 students in rural Nepal.</p>

<p>Apart from these, Ncell, under its CSR initiatives, has also supported young talents to unleash their digital potential, contributed to promote Nepali literature, art, music, sports such as football and cricket, among others. The company has also contributed in health sector and environmental conservation through different CSR projects.</p>

<p>&nbsp;</p>
',
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	(int) 3 => array(
		'Article' => array(
			'id' => '8333',
			'article_category_id' => '1',
			'title' => 'Century Bank Adds Three More Branches',
			'sub_title' => '',
			'summary' => 'May 31: Century Commercial Bank has opened three more branches at different places in accordance to the policy of Nepal Rastra Bank to make available banking services at all local levels of the country.',
			'content' => '<p>May 31: Century Commercial Bank has opened three more branches at different places in accordance to the policy of Nepal Rastra Bank to make available banking services at all local levels of the country.</p>

<p>The bank opened branches at Birendranagar of Surkhet, Naya Bazar of Narayan municipality in Dailekh and Sahidgate of Ghorahi Municipality in Dang.</p>

<p>Rajesh Kumar Shrestha, the bank&#39;s chairperson, inaugurated all the branches amid a function on Wednesday, May 30.</p>

<p>&nbsp;The bank&#39;s CEO Tulsi Ram Gautam said that the branches will provide wide array of banking services benefitting the locals and entrepreneurs of the areas.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8113',
			'image' => '20180531015600_Century.jpg',
			'article_date' => '2018-05-31 00:00:00',
			'homepage' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '8332',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Touches Down for the First Time at Greek Island Airport',
			'sub_title' => '',
			'summary' => 'May 31: Qatar Airways has announced the start of its new direct non-stop service from Doha to Mykonos, a Greek island.',
			'content' => '<p>May 31: Qatar Airways has announced the start of its new direct non-stop service from Doha to Mykonos, a Greek island. The newly-launched seasonal service to Greece&rsquo;s most popular island will operate four times a week from Doha beginning from May 30.</p>

<p>Mykonos is a world&ndash;renowned cosmopolitan island and a paradise in the heart of the Cyclades, the airlines said in a statement.</p>

<p>&quot;The small island is known for its picturesque views and beautiful sandy beaches. There are many things to do in Mykonos such as walking along the narrow streets of Chora, watching the sunset from Little Venice, staying in luxurious hotels and swimming in the clear sea of the Aegean. Mykonos holidays are often combined with holidays to Santorini and other Cycladic islands,&quot; the statement added.</p>

<p>Qatar Airways Group Chief Executive Akbar Al Baker, said, &ldquo;We are thrilled that we have further expanded our operations to the beautiful island of Mykonos, only two months after the launch of service to Thessaloniki. Today&rsquo;s inaugural flight to popular Mykonos marks further growth and strengthening bonds between the State of Qatar and Greece. We are looking forward to further enhancing this relationship, connecting Mykonos to Qatar Airways&rsquo; extensive global network and helping to open up and develop these attractive destinations for business and leisure travellers from around the world.&rdquo;</p>

<p>Chief Executive Officer of Fraport, Greece, Alexander Zinell, said, &quot;It is with great pleasure that all of us at Fraport Greece welcome Qatar Airways&rsquo; new route from Doha to Mykonos. Mykonians, who have turned their island into a unique global touristic attraction, will now welcome passengers arriving four times a week directly from Doha. This new route offered by our partners from Qatar Airways links these two beautiful and diverse worlds, enabling travellers to reach their destination fast and in five-star comfort.&quot;</p>

<p>Four weekly seasonal flights to Mykonos International Airport will be operated by an Airbus A320, featuring 12 seats in Business Class and 132 seats in Economy Class, according to the airline. With the launch of Mykonos, Qatar Airways has increased its flights to 58 times a week from Doha&rsquo;s five-star Hamad International Airport to Greece.</p>

<p>Qatar Airways currently holds the title of &lsquo;Airline of The Year&rsquo; as awarded by the prestigious 2017 Skytrax World Airline Awards.</p>

<p>Flight Schedule: (May 30-September 30)</p>

<p>Doha (DOH) to Mykonos (JMK) QR 311 departs 08:05 arrives 13:00 (Sat, Sun, Wed, Thu)</p>

<p>Mykonos (JMK) to Doha (DOH) QR 312 departs 14:00 arrives 18:40 (Sat, Sun, Wed, Thu)</p>
',
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			'created' => '2018-05-31',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '8112',
			'image' => '20180531014308_q.jpg',
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	(int) 5 => array(
		'Article' => array(
			'id' => '8331',
			'article_category_id' => '1',
			'title' => 'Nepali Ghar Hotel officially starts service',
			'sub_title' => '',
			'summary' => 'May 31: Nepali Ghar Hotel announced its formal opening on Wednesday, May 30.',
			'content' => '<p>May 31: Nepali Ghar Hotel announced its formal opening on Wednesday, May 30. Minister for Culture, Tourism and Civil Aviation, Rabindra Adhikari inaugurated the hotel amidst a function held at the hotel premises in Thamel.</p>

<p>Located in a tourist hub, Nepali Ghar Hotel is designed and crafted in a traditional Nepalese way to provide an authentic experience to the guests, said Raju Shrestha, Managing Director of the Hotel. According to him, the interiors of the hotel are decorated by local artists with distinctive Nepali style.</p>

<p>Equipped with state-of-the-art technology, the hotel offers all modern amenities such as comfortable rooms, complimentary wifi access, 24/7 fitness center, meeting room, all day dining restaurant and room service.</p>

<p>The hotel said that it assures a memorable experience to its customers through genuine Nepali-style hospitality, which is the core value of the hotel.</p>

<p>&quot;Nepali Ghar Hotel aims to offer unique flavour of hospitality and culture and is committed to achieve new standard of excellence to address all needs of our valued customers,&quot; MD Shrestha said during the inauguration.</p>

<p>&quot;We are dedicated in turning each and every moment spent at Nepali Ghar Hotel into memories for our guests.&quot;</p>

<p>According to him, the hotel offers 34 rooms including two suites--Kailashkut and Mangriha. Each room is equipped with 40 inch LED TV, bottled water, cotton rich linen, electronic safe (laptop size), individual climate control system, mini bar with refrigerator, tea/coffee maker with cookies and high-speed internet access. Rooms are decorated with traditional Nepali artistry.</p>

<p>It also offers complimentary valet parking, airport drop and pick-up facility, foreign exchange, in-room dining, and laundry service.</p>

<p>The hotel lies close to popular attractions like the Garden of Dreams, Narayanhiti Palace Museum and Kathmandu Durbar Square, and is only 5 km from Tribhuvan International Airport.</p>

<p><br />
<br />
&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8111',
			'image' => '20180531013312_Clipboard01.jpg',
			'article_date' => '2018-05-31 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '8330',
			'article_category_id' => '1',
			'title' => 'Finance Minister Urges Private Sector to Increase Investment',
			'sub_title' => '',
			'summary' => 'May 31: Finance Minister Yuba Raj Katiwada, on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.',
			'content' => '<p>May 31: Finance Minister Yuba Raj Katiwada,&nbsp;on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.</p>

<p>Speaking at a discussion program on budget, Minister Khatiwada said that the country is investment friendly and urged the private sector to fully utilize the situation.</p>

<p>He further added that the government is ready to amend different acts if needed to encourage the private sector to increase investment for the prosperity of the nation.</p>

<p>&ldquo;In co-ordination with the private sector, the government will form Investment Board Act, amend Industrial Enterprises Act, and form new policies to increase domestic investment,&rdquo; he said, adding that the government will not interfere with the private sector.</p>

<p>&ldquo;The government doesn&rsquo;t do business. The government can only create business-friendly environment for the private sector. The private sector should increase the investment afterwards,&rdquo; he said.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8110',
			'image' => '20180531015046_yub raj khatiwada (3).jpg',
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	(int) 7 => array(
		'Article' => array(
			'id' => '8329',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank onboard IME Pay Wallet',
			'sub_title' => '',
			'summary' => 'May 31: Siddhartha Bank has signed an agreement with IME Digital Solution Limited to help its customers link their IME Pay Wallet with their Siddhartha Bank account.',
			'content' => '<p>May 31: Siddhartha Bank has signed an agreement with IME Digital Solution Limited to help its customers link their IME Pay Wallet with their Siddhartha Bank account. This enables the customers to seamlessly transfer funds to and from their bank accounts to the wallet, IME Digital Solution Limited said in a statement.</p>

<p>The bank&#39;s customers will also be able to avail recharge, payments, small value money transfer services along with myriad of other online and offline services, QR code-based payment services of IME Pay.</p>

<p>With Siddhartha Bank onboard, IME Pay now has four partner banks signed up in its wallet ecosystem. The other banks are Global IME Bank, Sunrise Bank and Bank of Kathmandu.</p>

<p>IME Digital Solution Limited, which developed and introduced mobile money transfer service &ldquo;IME Pay&rdquo; was granted with Payment Service Provider (PSP) license by Nepal Rastra Bank in June, 2017.</p>

<p>The company obtained the operating license under NRB&rsquo;s &ldquo;Payments and Settlement Bylaw 2072&rdquo; for wallet service through mobile telephone network making it the first licensed PSP of the country.</p>
',
			'published' => true,
			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8109',
			'image' => '20180531010749_IME-Pay-Logo_white (2).jpg',
			'article_date' => '2018-05-31 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '8328',
			'article_category_id' => '1',
			'title' => 'Govt allocates 33 billion for  agriculture',
			'sub_title' => '',
			'summary' => 'May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.',
			'content' => '<p>May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.</p>

<p>The government has allocated a total of Rs 33.71 billion for the agriculture sector.</p>

<p>Out of the allocated budget, the government, for the development and commercialization of agricultural sector, has allocated Rs 4.77 billion for the Prime Minister Agriculture Modernization Program.</p>

<p>Finance Minister Yuba Raj Khatiwada said that the government has also allocated budget to provide grants to the farmers. The government has also allocated budget to establish cooperative agricultural farm in seven provinces.</p>

<p>The government has also announced to forgive debts of small farmers who have taken loans from co-operatives.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8108',
			'image' => '20180530052533_20170720022614_khet ropai photo.jpg',
			'article_date' => '2018-05-30 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '8327',
			'article_category_id' => '1',
			'title' => 'Tourism and Aviation Sector gets Rs 24b',
			'sub_title' => '',
			'summary' => 'May 30: The government has allocated more than Rs 24 billion for tourism and civil aviation sector for the fiscal year 2018/2019.',
			'content' => '<p>May 30: The government has allocated more than Rs 24 billion for tourism and civil aviation sector for the fiscal year 2018/2019.</p>

<p>Announcing budget in the parliament&nbsp;on Tuesday, Finance Minister Yuba Raj Khatiwada said that a total of Rs 5.20 billion has been allocated for tourism, while Rs 19 billion has been allocated for civil aviation sector.</p>

<p>The government has prioritized construction of Nijgadh airport, Pokhara Regional International Airport and Gautam Buddha Regional International Airport. Likewise, the government has also allocated budget for the maintenance of Tribhuvan International Airport.</p>

<p>The government has set a plan to organise &lsquo;Visit Nepal 2020&rsquo; campaign. It also has set the target to attract more than 2 million tourists in the country annually. To support the ambitious target, the government will build Kirtipur Cultural Museum, and has also announced other targets to support the tourism sector.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8107',
			'image' => '20180530051051_ds-beni- niskotko barahatal.jpg',
			'article_date' => '2018-05-30 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '8326',
			'article_category_id' => '1',
			'title' => 'Government to Provide 5 Percent Subsidy on Export of Industrial Products',
			'sub_title' => '',
			'summary' => 'May 30: The government has announced to provide 5 percent subsidy on the export of industrial products to minimise trade deficit and promote export.',
			'content' => '<p>May 30: The government has announced to provide 5 percent subsidy on the export of industrial products to minimise trade deficit and promote export. The government made such announcement while presenting the budget for the fiscal year 2018/19 in the federal parliament on Tuesday, May 29.</p>

<p>The government has allocated Rs 10 billion for the development of industry, commerce and supply in the upcoming FY. Creating employment opportunities and promoting agriculture, forest and mining industries are mentioned in the budget statement.</p>

<p>The government&#39;s decision to announce subsidy for export is aimed at identifying, developing and promoting the products in the foreign market.</p>

<p><strong>Provisions in the field of Commerce and Supply</strong></p>

<ul>
	<li>Establishment of handicraft selling and exhibition class in all seven provinces.</li>
	<li>Establishment of quarantine laboratory in border points.</li>
	<li>Establishment of freight stations.</li>
	<li>Expansion of areas to acquire certification mark.</li>
	<li>Operation of fair price market through cooperatives in every local level.</li>
	<li>Arrangement of subsidy in food to the citizens having state security identity cards.</li>
	<li>Making supply system competitive and breaking the syndicate in goods and services and &nbsp;pricing.</li>
	<li>Increasing the capacity of petroleum products&rsquo; storage and make it last for at least three months.</li>
	<li>Reviewing Nepal Oil Corporation&rsquo;s system of supply, cost structure and price determination.</li>
</ul>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8106',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '8325',
			'article_category_id' => '1',
			'title' => 'Rs 84 billion allocated for energy sector',
			'sub_title' => '',
			'summary' => 'May 30: The government has allocated Rs 83.89 billion for energy sector for the fiscal year 2018/19.',
			'content' => '<p>May 30: The government has allocated Rs 83.89 billion for energy sector for the fiscal year 2018/19.</p>

<p>The budget aims to make additional energy available within three years and supply electricity as per the demand within five years.</p>

<p>The budget presented by Finance Minister Dr Yuba Raj Khatiwada in the federal parliament on Tuesday, May 29, proposes terming the years between 2018 and 2028 an energy decade.</p>

<p>The budget plan has focused on issues that were raised by Nepal Electricity Authority and Ministry of Energy, Water Resources and Irrigation.</p>

<p>The budget has included construction of Butwal-Gorakhpur II and other cross-border transmission lines and expansion of internal high-tension lines and Galchi-Rasuwagadi-Kerung cross-border transmission line, which were also in the white paper presented by Barsaman Pun, minister for Energy, Water Resources and Irrigation.</p>

<p>The budget has given extra attention to smart meter and smart grids, projects of the Ministry of Energy and Nepal Electricity Authority. The involvement of private sector in construction of transmission lines, solutions to domestic investment in the development of energy sector are included in the budget plan.</p>

<p>Projects like compensation distribution to people affected by the Budigandaki Hydroelectricity Project, construction of West Seti Hydro Electricity Project with national resources and initiation of Karnali Chisapani Project are included in the budget plan. However, the budget plan is silent about providing the required fund to execute the plans. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8105',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '8321',
			'article_category_id' => '1',
			'title' => 'Government Announces Rs 1.31 Trillion Budget',
			'sub_title' => '',
			'summary' => 'May 30: The government has announced a budget of Rs 1.31 trillion for the fiscal year 2018/19.',
			'content' => '<p>May 30: The government has announced a budget of Rs 1.31 trillion for the fiscal year 2018/19. Finance Minister Dr Yuba Raj Khatiwada presented the budget in the federal parliament on Tuesday, May 29.</p>

<p>The budget allocated for the upcoming fiscal year is more that the budget of the current FY by Rs 268 billion. The budget allocated for the current FY is Rs 1.04 trillion.</p>

<p>The National Planning Commission had set a budget ceiling of Rs 1.24 trillion for the government. However, the government announced the annual budget exceeding the limit by Rs 111 billion.</p>

<p>While presenting the financial details of the government in the parliament, Finance Minister Khatiwada announced that recurrent budget for the upcoming fiscal year has been set at Rs 845.45 billion out the total budget. The government will be spending Rs 314 billion as capital expenditure. The capital expenditure of the government in the current FY is Rs 239 billion.</p>

<p>Likewise, the government has allocated Rs 156 billion for financial management. This is 11.8 percent of the total budget.</p>

<p>The government plans to meet the budget expenditure by collecting Rs 1.03 billion revenue. The government will manage the remaining amount through grants and loans. Finance Minister Khatiwada said that the government will receive grants of Rs 58.81 billion as grant while it will receive Rs 253 billion as loan to meet the deficit of around Rs 300 billion.</p>

<p>Out of the total budget, the government has set aside Rs 1.06 billion for the central government while it has allocated Rs 113 billion for Province 7 and Rs 195 billion for the 753 local units across the country.</p>
',
			'published' => true,
			'created' => '2018-05-30',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '8104',
			'image' => '20180530034749_yub raj khatiwada (2).jpg',
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	(int) 13 => array(
		'Article' => array(
			'id' => '8322',
			'article_category_id' => '1',
			'title' => 'Experts' views on Budget',
			'sub_title' => '',
			'summary' => 'Following the announcement of budget in the federal parliament by Finance Minister Ybua Raj Khatiwada on Tuesday, May 29, here is the reaction from stakeholders in the field of politics and business.',
			'content' => '<p>Following the announcement of budget in the federal parliament by Finance Minister Ybua Raj Khatiwada on Tuesday, May 29, here is the reaction from stakeholders in the field of politics and business.</p>

<p>&nbsp;</p>

<p>Nature of budget is the continuation of previous one</p>

<p>Baburam Bhattarai,</p>

<p>Former prime minister</p>

<p>I became a bit disappointed with the budget announcement. The government seems to have missed an opportunity to lead the country to prosperity despite having majority. It does not seem to address the expectations of the Nepali citizens in bringing about development and prosperity. In essence, the nature of the budget is the continuity of the previous one.</p>

<p>One of the indicators of development is empowerment of provincial and local levels. Development is impossible unless it is carried at the grassroots level. Only Rs 400 billion out of Rs 1300 billion has been allocated for the provincial and local levels.</p>

<p>&nbsp;</p>

<p>Low budget for industrial sector</p>

<p>Madhav Kumar Nepal,</p>

<p>Former prime minister</p>

<p>The country&#39;s economy will prosper if the budget is implemented. The budget is positive about development of infrastructure and education. But only Rs 10 billion has been allocated for the Ministry of Industry. The budget for industrial sector was much less than our expectation. We were hopeful that the budget for industrial sector would range from Rs 40 to 50 billion.</p>

<p>&nbsp;</p>

<p>Budget is positive</p>

<p>Bhawani Rana</p>

<p>President, Federation of Nepalese Chambers of Commerce and Industry</p>

<p>The budget has addressed the issue related to industry in local level, special economic zone (SEZ), and female empowerment.&nbsp; The tax system which has been introduced in the budget has to be studied. Some of our suggestions have been addressed in the budget. We welcome the steps taken to encourage export and discourage import in the business sector. There seems to be an improvement in the tax system and overall the budget looks positive.</p>

<p>&nbsp;</p>

<p>Doubtful on the stability of tax increment</p>

<p>Binod Chaudhary</p>

<p>Businessman</p>

<p>We are yet to analyse the budget of 2075/2076. The government has said that it will increase employment in the country and help to bring back the youths who have gone abroad to earn. Due to micro-level distribution of budget, we can&rsquo;t comment on it right now. The tax has been increased but it is yet to see for how long it remains. The finance minister has announced the plans according to his principles considering the rules and regulations. We need to see if this is applicable in the real scenario.</p>

<p>&nbsp;</p>

<p>Policy wise, the budget is clear</p>

<p>Gyanandra Lal Pradhan</p>

<p>Treasurer, FNCCI</p>

<p>The budget has clear policies. I have been waiting for this kind of budget for many years. The budget is socialist. It has rightly encouraged the area which needs to be encouraged and discouraged the area which needs to be discouraged.&nbsp; The budget has a programme to introduce mega project in every province. According to the programme, the government will bring solar power in Province 2 and 500 Megawatts of electricity production in other six provinces. This will increase our GDP by six percent.</p>

<p>&nbsp;</p>

<p>Encouraging local production is positive</p>

<p>Mohan Katuwal</p>

<p>President, Federation of Grill and Steel Association Nepal</p>

<p>Analyzing the budget, it is overall good.&nbsp; We hope that it will be implemented well. The budget allocation for small entrepreneurs is a positive step.&nbsp; The provision to establish industries in local levels, provide loan to youths by keeping their certificates as collateral, promoting export and giving priority to female entrepreneurs are very much positive.</p>

<p>&nbsp;</p>

<p>Ambitious but optimistic</p>

<p>Hari Bhakta Sharma</p>

<p>President, CNI</p>

<p>We had demanded special programmes for the business sector in Nepal in order to create job opportunities.</p>

<p>The budget has acknowledged this issue but which programme and how much budget is allocated for the matter is yet to know. The challenge for the industries was acquiring land. Now the government has announced to establish industrial estate in all seven provinces of the country. This is a positive aspect of the budget.</p>

<p>Overall, the budget is ambitious but positive and the budget has addressed CNI&#39;s concerns.</p>

<p>&nbsp;</p>

<p>Not as per the expectations</p>

<p>Gyanendra Bahadur Karki</p>

<p>Former finance minister</p>

<p>The budget could not meet the expectation of the Nepali citizens though it comes at a time when there is political stability. This budget is just limited to slogan. It lacks clear direction to transform those slogans into reality. Although there are positive things, it seems to be out of track.</p>

<p>&nbsp;</p>

<p style="margin-left:-4.5pt"><strong>Budget&#39;s effectiveness depends on its execution</strong></p>

<p style="margin-left:-4.5pt"><strong>Babu Lal Chachan</strong></p>

<p style="margin-left:-4.5pt">Chairman, Chachan Group</p>

<p style="margin-left:-4.5pt">The budget announced by the government is much smaller in size than the hype the preceded it and aptly fits in the current context of the country. There were also rumours of increase in Value Added Tax but it has been maintained at 13 percent, which is quite positive.</p>

<p style="margin-left:-4.5pt">The budget has mentioned 5 percent subsidy to encourage export. The government has been poviding subsidies for export to third countries since a long time. However, such subsidies are also needed for export to India, which is one of the fastest growing economies in the world.</p>

<p style="margin-left:-4.5pt">Tax omission in education and health sector is also a positive side of the budget. Management and effectiveness of the budget depends on its execution.</p>

<p style="margin-left:-4.5pt">In general, the budget can be taken positively.</p>

<p><strong>Budget is average </strong></p>

<p><strong>Shyam Giri</strong></p>

<p><strong>President, Federation of Nepal Cottage and Small Industries</strong></p>

<p>The budget is overall average. It has included social sectors. It has also addressed the agriculture sector in a positive way and also addressed the micro-entrepreneurship. The micro entrepreneurs will receive income tax concession for five years, which is a positive aspect of the budget. The provision to provide Rs 700,000 loan to the unemployed youths with their academic certificate as collateral and Rs 1.5 million to the foreign employment returnees has opened new door for entrepreneurship.</p>

<p><strong>Not according to expectation </strong></p>

<p><strong>Pashupati Murarka</strong></p>

<p><strong>Former president, FNCCI</strong></p>

<p>The budget is like the continuity of the previous budgets and it has not met our expectation. We had expected that there would be lots of changes in the programmes but it is almost the same. Another point is that we cannot comment on the substitution of import right now. The government has announced changes in the tax rates, but we are yet to see the document. The income tax net has been expanded. &nbsp;The exit and entry of industries will be easy, and that is a positive point. The issue related to one-door system is raised every year but the implementation part is always lacking. Only 26 percent of the budget has been allocated for the capital expenditure and this is very less.</p>

<p>&nbsp;</p>

<p><strong>Socialist budget</strong></p>

<p><strong>Shekhar Golchha</strong></p>

<p><strong>Senior Vice-President, FNCCI</strong></p>

<p>The budget is socialist and it has addressed the problems and needs of the marginalized communities. The budget is positive. The suggestions of the private sector have been addressed. It is exciting to hear the facility of special economic zones (SEJ) in the budget. However, the challenging part is the implementation. Subsidy for industrial export has reached five percent. This is a very positive news.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '8324',
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			'title' => 'Real Estate Business to Run From Licensed Companies Only',
			'sub_title' => '',
			'summary' => 'May 30: The real estate business is set to run from licensed companies only. ',
			'content' => '<p>May 30: The real estate business is set to run from licensed companies only. According to the budget statement presented in the federal parliament by Finance Minister Yuba Raj Khatiwada on Tuesday, May 29, the government is all set to implement laws to this effect.</p>

<p>The government is preparing to introduce laws for the management of real estate business. People without registering any firm have been taking commission as per their wish in the real estate business. Former chief of Land Revenue Office, Dillibazar, Padmanidhi Soti said that the abiding by the rule of doing transactions from licensed companies only will assure consistency in fixed commission rate in the business. &ldquo;In addition, it will also increase the revenue of the government,&rdquo; he added.</p>

<p>Ashish Garg, coordinator of Housing Development Unit under Nepal Land and Housing Developers&rsquo; Association (NLHDA), said that though the announcement of government to run the business through licensed companies is good, the government is doing so without any pre-plan. &ldquo;This will create fear among entrepreneurs and result in reduced transaction,&rdquo; he added.</p>

<p>The government has not categorised sectors with mercantile and housing purpose. He said that it will take time to prepare the infrastructure and procedure and to decide companies with what type of proficiency will be handed over the license. &ldquo;The government has started a project that should be implemented after a year so the rule should not be made compulsory,&rdquo; Garg told New Business Age. &nbsp;&nbsp;</p>

<p>&nbsp;</p>
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