Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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			'id' => '7156',
			'article_category_id' => '1',
			'title' => 'Renault’s Super Heat Offer',
			'sub_title' => '',
			'summary' => 'December 20: Advanced Automobiles Pvt Ltd, which is a part of Vishal Group and the authorized sole distributor of Renault vehicle for Nepal, has launched “Renault Super Heat” consumer scheme.',
			'content' => '<p>December 20: Advanced Automobiles Pvt Ltd, which is a part of Vishal Group and the authorized sole distributor of Renault vehicle for Nepal, has launched &ldquo;Renault Super Heat&rdquo; consumer scheme. Under this scheme, customers can avail huge saving on purchase of any new Renault vehicle, reads a press statement issued by the company. Customers can get benefit up to Rs 650,000.</p>

<p>Renault Super Heat scheme comes with the tagline of &quot;Chisssooo Winter Maa Hot Offer&quot;, which assures its customers with best scheme like comprehensive insurance for one year, free road tax for a year, free servicing for two years. The company will also provide exchange bonus up to Rs 100,000. The scheme is available in all Renault showrooms across Nepal.</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6937',
			'image' => '20171220014128_Mnemonic.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '7155',
			'article_category_id' => '1',
			'title' => 'NBI, NCC Sign Agreement',
			'sub_title' => '',
			'summary' => 'December 20: National Banking Institute Ltd (NBI) and Nepal Credit & Commerce Bank Ltd (NCC) signed a Memorandum of Understanding (MoU) on December 19 for strategic alliance.',
			'content' => '<p>December 20: National Banking Institute Ltd (NBI) and Nepal Credit &amp; Commerce Bank Ltd (NCC) signed a Memorandum of Understanding (MoU) on December 19 for strategic alliance. As per the agreement, NBI will exclusively provide customized training programs to the bank for human capital development. Under this agreement, NCC has committed Rs 5 million worth training investment during the fiscal year&nbsp;2017/18 to NBI. This partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank, reads a press statement issued by the bank.</p>

<p>The MoU was signed by Ramesh Raj Aryal, CEO of NCC and Sanjib Subba, CEO of NBI. The bank believes that this alliance will be instrumental in the capacity building process and bringing about positive transformation in the development of human capital in the industry.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6936',
			'image' => '20171220012214_NCC.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '7154',
			'article_category_id' => '1',
			'title' => 'Neco provides GPA Insurance to Orphans',
			'sub_title' => '',
			'summary' => 'December 20: Neco Insurance Limited, as part of its corporate social responsibility (CSR), provided Group Personal Accident (GPA) insurance to 46 orphan students of Bhimsenthan-based Paropakar Sanstha, Kathmandu. ',
			'content' => '<p>December 20: Neco Insurance Limited, as part of its corporate social responsibility (CSR), provided Group Personal Accident (GPA) insurance to 46 orphan students of Bhimsenthan-based Paropakar Sanstha, Kathmandu. The insurance policy was handed over to the social organisation on December 19 by Bishwaram Timala, CEO of the company.</p>

<p>Issuing a press statement, the company informed that the insurance will cover the students&rsquo; medical expenses and also the expenses of injuries caused by accident or the risk of death. The non-life insurance company, established 22 years ago, has been regularly organising such CSR activities.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6935',
			'image' => '20171220124718_Photo.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '7153',
			'article_category_id' => '1',
			'title' => 'Global IME Launches Branchless Banking Service in Chainpur',
			'sub_title' => '',
			'summary' => 'December 20 :  Global IME bank has launched branchless banking service at Pokhari Bazar, Chainpur-3 of Sankhuwasabha.',
			'content' => '<p>December 20 : &nbsp;Global IME bank has launched branchless banking service at Pokhari Bazar, Chainpur-3 of Sankhuwasabha. With this, the bank has now been providing branchless banking service from 54 locations. A press statement issued by the bank mentions that a local, Mann Maya Limbu, has been appointed as the bank&rsquo;s representatives for Chainpur.</p>

<p>With the aim to expand banking services in all local levels across the nation, the bank has been providing banking services in various places through its branches, extension counters, and branchless banking service.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6934',
			'image' => '20171220010611_global.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '7152',
			'article_category_id' => '1',
			'title' => 'Complete Melamchi Water Project at the Earliest: CIAA',
			'sub_title' => '',
			'summary' => 'December 20: The Commission for the Investigation of Abuse of Authority (CIAA) has asked the concerned authorities to bring the water of Melmachi to the Kathmandu Valley at the earliest.',
			'content' => '<p>December 20: The Commission for the Investigation of Abuse of Authority (CIAA) has asked the concerned authorities to bring the water of Melmachi to the Kathmandu Valley at the earliest.</p>

<p>As the capital is facing shortage of water, the CIAA on Tuesday, directed the officials of Melamchi Water Supply Development Board (MWSDB) to solve the shortage of drinking water in Kathmandu by completing the project as soon as possible.</p>

<p>CIAA Chief Commissioner Deep Basnet directed the concerned officials as the people of Kathmandu have been facing dust pollution and shortage of clean drinking water at the same time. A source at CIAA said that the shortage of water has made people of Kathmandu exposed to diseases and the dust pollution has left very bad image of Nepal among the foreign tourists. &ldquo;The miscommunication between the concerned authorities has delayed in the completion of the project,&rdquo; the source added.</p>

<p>According to CIAA Commissioner Nabin Kumar Ghimire, the pace of the project has been disappointing. Another commissioner of CIAA, Ganesh Raj Joshi, said that despite being a national pride project, the concerned authorities have not paid attention to complete Melamchi Water Supply Project. &nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6933',
			'image' => null,
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '7151',
			'article_category_id' => '1',
			'title' => 'Domestic Sources Capable of Raising Funds in Excess for Budhigandaki Project',
			'sub_title' => '',
			'summary' => 'December 19: A committee formed to prepare the investment plan of 1,200-megawatt Budhigandaki Hydropower Project has estimated that the project can raise Rs 100 billion more than the required amount for the project.',
			'content' => '<p>December 19: A committee formed to prepare the investment plan of 1,200-megawatt Budhigandaki Hydropower Project has estimated that the project can raise Rs 100 billion more than the required amount for the project.</p>

<p>The estimated cost of the project is Rs 270 billion. A report prepared by the committee has pointed out to the possibility of raising Rs 350 billion for the project. The report was presented to Deputy Prime Minister and Minister for Energy Kamal Thapa on Monday, December 18.</p>

<p>The erstwhile government had handed over the responsibility of the national pride project to a Chinese company Gezhouba amid widespread criticism for choosing a foreign company for the project which was supposed to be completed with domestic investment.</p>

<p>A cabinet meeting on November 24 decided to complete the project with domestic investment after scrapping the deal with the Chinese company on November 13. Following the decision, the eight-member committee headed by National Planning Commission&rsquo;s Vice-Chairman Dr Swarnim Wagle was formed to prepare the investment plan of the project. Some other members of the committee include Nepal Rastra bank&rsquo;s governor, finance secretary, joint secretary of energy ministry as well as executive director of Nepal Electricity Authority.</p>

<p>The report prepared by the committee incorporates strategic importance of the project, investment, modality of contract, economic possibility and the alternatives of investment. The report also includes the present situation in hydropower investment, investment needed for hydropower sector in the next five years, demand and supply of electricity in the country.</p>

<p>The report states that the government needs to provide 35 percent as the viability gap funding for the project considering the total investment to be Rs 270 billion.</p>

<p>Meanwhile, in the budget speech for the Fiscal Year 2017/2018, the government had announced that it will levy Rs 5 per liter on petrol, diesel and aviation fuel for the construction of Budhigandaki Hydropower Project. The government has already collected Rs 15 billion from tax levied on petroleum products.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6932',
			'image' => null,
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '7150',
			'article_category_id' => '1',
			'title' => ''Nepal can Attract More Foreign Investment'',
			'sub_title' => '',
			'summary' => 'December 19: With the country transitioning into federal structure and possibility of having stable government for the next five years, Nepal can attract more foreign investment, said Shankar Adhikari, finance secretary at the Ministry of Finance (MoF).',
			'content' => '<p>December 19: With the country transitioning into federal structure and possibility of having stable government for the next five years, Nepal can attract more foreign investment, said Shankar Adhikari, finance secretary at the Ministry of Finance (MoF).</p>

<p>Speaking at a program organized in Kathmandu&nbsp;on Tuesday, December 19, he said that there are both challenges and opportunities ahead while implementing federalism, but the government should focus on creating investment-friendly environment in the country to ensure the flow of foreign investment.</p>

<p>The program entitled &lsquo;Fiscal Challenges under Federalism&rsquo; was organized by the Society of Economic Journalists of Nepal (SEJON) in collaboration with Asian Development Bank (ADB).</p>

<p>&ldquo;The country can achieve revenue growth of 30 percent, but only if there is political commitment. The main challenge is the allocation of budget at both provincial and local levels,&rdquo; he said at the program.</p>

<p>Likewise, former finance secretary Shanta Raj Subedi said that all the provinces don&rsquo;t have equal resources, so every province and central government should work together.</p>

<p>&ldquo;When we see at the current structure, Province 3 is ahead in comparison with others, so, collaboration is a must. The central government should support all the provinces as it takes time to prepare mechanism and policy at the provincial level,&rdquo; Subedi said, adding that the national pride projects should be looked after by the central government itself, not the provincial governments.</p>

<p>Likewise, Shanker Sharma, former vice chairman of the National Planning Commission (NPC), said that 87 percent of infrastructure projects in Nepal have cost and time overrun. Similarly, Kantika Sejuwal, mayor of Chandannath Municipality, Jumla complained that the budget allocated by the government for Jumla is very low despite being very big in geographical structure.</p>

<p>&ldquo;I have planned to organize investment summit in Jumla within a year to attract foreign investment in the region as we have huge resources and possibilities. The support from bureaucrats for local representatives in Jumla is very disappointing,&rdquo; she added. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6931',
			'image' => '20171219045812_ADB Sejon.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '7149',
			'article_category_id' => '1',
			'title' => 'Himalayan General Insurance Steps into 25th year',
			'sub_title' => '',
			'summary' => 'December 19:  Himalayan General Insurance Company has stepped into 25th year of its establishment. ',
			'content' => '<p>December 19:&nbsp; Himalayan General Insurance Company has stepped into 25<sup>th</sup> year of its establishment. The company announced its future strategy during a function organised to mark its anniversary. It also said that it will contribute to social service in the coming days. The company also contributed to different social activities on the occasion.</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6930',
			'image' => '20171219045951_himalayan insurance.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 8 => array(
		'Article' => array(
			'id' => '7148',
			'article_category_id' => '1',
			'title' => 'Global IME Capital appointed Share Registrar of IME General Insurance',
			'sub_title' => '',
			'summary' => 'IME General Insurance has appointed Global IME Capital as its share registrar. ',
			'content' => '<p>IME General Insurance has appointed Global IME Capital as its share registrar. Global IME Capital will issue right share of the insurance company &nbsp;in the ratio of 10:8 .</p>

<p>The CEO of the insurance company Yugesh Bhakta Bade Shrestha and the CEO of Global IME Capital, Paras Mani Dhakal signed an agreement on behalf of their respective organisaions on Monday, December 18. According to Shrestha, the paid-up capital of the insurance company will reach Rs 972 million after the issuance of the right share. Furthermore, he informed that the insurance company plans to increase the paid-up capital to Rs 1.02 billion after issuing bonus shares.&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6929',
			'image' => '20171219045629_IME.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '7147',
			'article_category_id' => '1',
			'title' => 'New Guidelines set for Salary and Allowances of Insurance Company CEOs',
			'sub_title' => '',
			'summary' => 'December 19: The Insurance Board has implemented the guidelines related to the salary, allowances and other benefits of the CEOs of insurance companies. ',
			'content' => '<p>December 19: The Insurance Board has implemented the guidelines related to the salary, allowances and other benefits of the CEOs of insurance companies. The Insurance Board said that the guidelines have been implemented for proper management of the facilities of the CEOs.</p>

<p>As per the new guidelines, the salary, bonus and other facilities provided by the insurance companies to their CEOs have been divided into four categories which include annual salary and bonuses, remuneration according to work performance, facilities related to insurance and other facilities.</p>

<p>According to the committee, though the existing CEOs will get the same facilities and remuneration which they have been getting till now, the new insurance companies will have to adhere to the new guidelines from now onwards. According to the guidelines, the CEOs will get the facilities of periodic life insurance, accidental insurance and family health insurance.</p>

<p>Likewise, the CEOs will get bonuses not exceeding 70 percent of their annual salary on the basis of their work performance. &nbsp;He or she will get fuel for vehicle, driver as well as mobile set, internet and laptop. The CEO will also get travel and health facilities at the time of their official visits.</p>

<p>&nbsp;</p>

<p>Condition where the guidelines won&rsquo;t be applicable</p>

<p>-Insurance companies which are in problem</p>

<p>-Insurance companies where the government appoints the CEO</p>

<p>-Insurance companies establishment with joint investment of domestic and foreign investors where the CEO is a foreign national and foreign insurance companies having branch in Nepal</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6928',
			'image' => null,
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 10 => array(
		'Article' => array(
			'id' => '7146',
			'article_category_id' => '1',
			'title' => 'ADB, Government Hand Over Reconstructed Earthquake-Resistant School To Community',
			'sub_title' => '',
			'summary' => 'December 19: The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday, December 18. ',
			'content' => '<p>December 19: The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday, December 18. The April 2015 earthquake had badly damaged the school, destroying five classrooms and other school facilities, reads a statement issued by the bank.</p>

<p>&nbsp;&ldquo;The reconstruction of the school was an opportunity to build back better, and now the school is not only rebuilt to earthquake-resistant standards but also provides an improved learning environment for children,&rdquo; said Mukhtor Khamudkhanov, ADB&rsquo;s Country Director for Nepal. &ldquo;We hope this new building will inspire teachers and students to do their best.&rdquo;</p>

<p>According to the ADB, the newly reconstructed school has seven classrooms and a library in three buildings as well as separate toilet blocks for girls and boys. The bank said that the buildings are modern structures resistant to earthquakes and designed with disabled-friendly features.</p>

<p>Prior to the construction of the new buildings, students were taking classes at temporary makeshift classrooms. &ldquo;If the new building were not constructed, the school would have to be closed as the number of students was dwindling,&rdquo; says Prem Lal Shrestha, the school&rsquo;s head teacher. &ldquo;But now, we are confident students will come back as parents also feel the new buildings are safe.&rdquo;</p>

<p>The hand-over ceremony was attended by Madhu Prasad Regmi, secretary at the Ministry of Education, Dhruba Prasad Sharma, executive member of National Reconstruction Authority and the local community, informed the ADB.</p>

<p>The school was reconstructed under the Earthquake Emergency Assistance Project (EEAP) jointly financed by ADB, which provided USD 200 million, and the Government of Nepal, which provided USD 33.4 million. The United States Agency for International Development provided USD 10 million in co-financing.</p>

<p>The ADB said that the project is rebuilding 154 schools damaged by the earthquake, that would enable thousands of children to return to school. Eleven schools are ready to be handed over to the community. The schools include stronger construction and engineering specifications that are designed to help the structures withstand future earthquakes. The EEAP-supported school reconstruction program is scheduled for completion in early 2019.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6927',
			'image' => '20171219012057_Kavres_school Handover photo.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '7145',
			'article_category_id' => '1',
			'title' => 'Mega Bank to Invest for Underprivileged Groups',
			'sub_title' => '',
			'summary' => 'December 19: Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.',
			'content' => '<p>December 19: Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.</p>

<p>The Acting CEO of the bank, Anupama Khanjeli, said that the amount will be invested for underprivileged groups till the end of FY 2017/18. Speaking at an interaction programme organised by the bank with CEOs of 50 microfinance institutions from across the country, CEO Khanjeli informed that the bank has invested Rs 2.46 million in the sector so far.</p>

<p>Stating that the bank&rsquo;s mission was to invest from &lsquo;halo to hydro&rsquo;, Khanjeli clarified that the bank had given priority to micro financing in rural areas as there is less risk in debt recovery from underprivileged groups.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6926',
			'image' => '20171219115641_mega-bank.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '7144',
			'article_category_id' => '1',
			'title' => 'Kameshwor wins Rs 100,000',
			'sub_title' => '',
			'summary' => 'December 19: Nepal General Marketing Pvt Ltd, the authorised distributor of Hero, announced the winner of its Dashain and Tihar scheme.',
			'content' => '<p>December 19: Nepal General Marketing Pvt Ltd, the authorised distributor of Hero, announced the winner of its Dashain and Tihar scheme. Under the scheme &nbsp;&lsquo;Yo Dashain ra Tihar ma Bhagyamoney Bhaye&rsquo;, Hero&rsquo;s customer Kameshwor&nbsp; Hujedar has won an amount Rs 100,000.</p>

<p>The company had announced that the customers buying Hero motorbikes and scooters would get Rs 6,000 discount in addition to cash prize between Rs 1,000 to 100,000 from scratch card. Likewise, the company had awarded one winner with Rs 100,000 in a weekly bumper lucky draw.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6925',
			'image' => '20171219050006_Hero.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 13 => array(
		'Article' => array(
			'id' => '7143',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank to distribute Bonus Share',
			'sub_title' => '',
			'summary' => 'December 19: Sunrise Bank has decided to distribute 15 % bonus share to its stakeholders. ',
			'content' => '<p>December 19: Sunrise Bank has decided to distribute 15 % bonus share to its stakeholders. The proposal was approved by the 10<sup>th</sup> annual general meeting (AGM) of the bank on Monday, December 18. Issuing a press statement, the bank informed said that the total paid up capital will reach Rs 8.8 billion after distributing the bonus shares.</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6924',
			'image' => '20171219113658_sunrise.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '7142',
			'article_category_id' => '1',
			'title' => 'Bancassurance Agreement between Janata Bank and Gurans Life Insurance',
			'sub_title' => '',
			'summary' => 'December 18: Janata Bank and Gurans Life Insurance signed an agreement to commence Bancassurance service amid a function on Friday, December 15. ',
			'content' => '<p><span style="font-size:13px">December 18: Janata Bank and Gurans Life Insurance signed an agreement to commence Bancassurance service amid a function on Friday, December 15. Prithivi Shrestha, Deputy Chief Executive Officer of the bank and Narayan&nbsp; Kumar Bhattarai, the CEO of the insurance company , signed the agreement on behalf of their respective organisations. With the agreement, the bank&#39;s customers can now have easy access to insurance service provided by the insurance company through any of its branches across the country.</span></p>

<p>&nbsp;</p>

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

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6923',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
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			'Article' => array(
				[maximum depth reached]
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			'Article' => array(
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			'Article' => array(
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '7156',
			'article_category_id' => '1',
			'title' => 'Renault’s Super Heat Offer',
			'sub_title' => '',
			'summary' => 'December 20: Advanced Automobiles Pvt Ltd, which is a part of Vishal Group and the authorized sole distributor of Renault vehicle for Nepal, has launched “Renault Super Heat” consumer scheme.',
			'content' => '<p>December 20: Advanced Automobiles Pvt Ltd, which is a part of Vishal Group and the authorized sole distributor of Renault vehicle for Nepal, has launched &ldquo;Renault Super Heat&rdquo; consumer scheme. Under this scheme, customers can avail huge saving on purchase of any new Renault vehicle, reads a press statement issued by the company. Customers can get benefit up to Rs 650,000.</p>

<p>Renault Super Heat scheme comes with the tagline of &quot;Chisssooo Winter Maa Hot Offer&quot;, which assures its customers with best scheme like comprehensive insurance for one year, free road tax for a year, free servicing for two years. The company will also provide exchange bonus up to Rs 100,000. The scheme is available in all Renault showrooms across Nepal.</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6937',
			'image' => '20171220014128_Mnemonic.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 1 => array(
		'Article' => array(
			'id' => '7155',
			'article_category_id' => '1',
			'title' => 'NBI, NCC Sign Agreement',
			'sub_title' => '',
			'summary' => 'December 20: National Banking Institute Ltd (NBI) and Nepal Credit & Commerce Bank Ltd (NCC) signed a Memorandum of Understanding (MoU) on December 19 for strategic alliance.',
			'content' => '<p>December 20: National Banking Institute Ltd (NBI) and Nepal Credit &amp; Commerce Bank Ltd (NCC) signed a Memorandum of Understanding (MoU) on December 19 for strategic alliance. As per the agreement, NBI will exclusively provide customized training programs to the bank for human capital development. Under this agreement, NCC has committed Rs 5 million worth training investment during the fiscal year&nbsp;2017/18 to NBI. This partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank, reads a press statement issued by the bank.</p>

<p>The MoU was signed by Ramesh Raj Aryal, CEO of NCC and Sanjib Subba, CEO of NBI. The bank believes that this alliance will be instrumental in the capacity building process and bringing about positive transformation in the development of human capital in the industry.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6936',
			'image' => '20171220012214_NCC.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 2 => array(
		'Article' => array(
			'id' => '7154',
			'article_category_id' => '1',
			'title' => 'Neco provides GPA Insurance to Orphans',
			'sub_title' => '',
			'summary' => 'December 20: Neco Insurance Limited, as part of its corporate social responsibility (CSR), provided Group Personal Accident (GPA) insurance to 46 orphan students of Bhimsenthan-based Paropakar Sanstha, Kathmandu. ',
			'content' => '<p>December 20: Neco Insurance Limited, as part of its corporate social responsibility (CSR), provided Group Personal Accident (GPA) insurance to 46 orphan students of Bhimsenthan-based Paropakar Sanstha, Kathmandu. The insurance policy was handed over to the social organisation on December 19 by Bishwaram Timala, CEO of the company.</p>

<p>Issuing a press statement, the company informed that the insurance will cover the students&rsquo; medical expenses and also the expenses of injuries caused by accident or the risk of death. The non-life insurance company, established 22 years ago, has been regularly organising such CSR activities.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6935',
			'image' => '20171220124718_Photo.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 3 => array(
		'Article' => array(
			'id' => '7153',
			'article_category_id' => '1',
			'title' => 'Global IME Launches Branchless Banking Service in Chainpur',
			'sub_title' => '',
			'summary' => 'December 20 :  Global IME bank has launched branchless banking service at Pokhari Bazar, Chainpur-3 of Sankhuwasabha.',
			'content' => '<p>December 20 : &nbsp;Global IME bank has launched branchless banking service at Pokhari Bazar, Chainpur-3 of Sankhuwasabha. With this, the bank has now been providing branchless banking service from 54 locations. A press statement issued by the bank mentions that a local, Mann Maya Limbu, has been appointed as the bank&rsquo;s representatives for Chainpur.</p>

<p>With the aim to expand banking services in all local levels across the nation, the bank has been providing banking services in various places through its branches, extension counters, and branchless banking service.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6934',
			'image' => '20171220010611_global.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 4 => array(
		'Article' => array(
			'id' => '7152',
			'article_category_id' => '1',
			'title' => 'Complete Melamchi Water Project at the Earliest: CIAA',
			'sub_title' => '',
			'summary' => 'December 20: The Commission for the Investigation of Abuse of Authority (CIAA) has asked the concerned authorities to bring the water of Melmachi to the Kathmandu Valley at the earliest.',
			'content' => '<p>December 20: The Commission for the Investigation of Abuse of Authority (CIAA) has asked the concerned authorities to bring the water of Melmachi to the Kathmandu Valley at the earliest.</p>

<p>As the capital is facing shortage of water, the CIAA on Tuesday, directed the officials of Melamchi Water Supply Development Board (MWSDB) to solve the shortage of drinking water in Kathmandu by completing the project as soon as possible.</p>

<p>CIAA Chief Commissioner Deep Basnet directed the concerned officials as the people of Kathmandu have been facing dust pollution and shortage of clean drinking water at the same time. A source at CIAA said that the shortage of water has made people of Kathmandu exposed to diseases and the dust pollution has left very bad image of Nepal among the foreign tourists. &ldquo;The miscommunication between the concerned authorities has delayed in the completion of the project,&rdquo; the source added.</p>

<p>According to CIAA Commissioner Nabin Kumar Ghimire, the pace of the project has been disappointing. Another commissioner of CIAA, Ganesh Raj Joshi, said that despite being a national pride project, the concerned authorities have not paid attention to complete Melamchi Water Supply Project. &nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6933',
			'image' => null,
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 5 => array(
		'Article' => array(
			'id' => '7151',
			'article_category_id' => '1',
			'title' => 'Domestic Sources Capable of Raising Funds in Excess for Budhigandaki Project',
			'sub_title' => '',
			'summary' => 'December 19: A committee formed to prepare the investment plan of 1,200-megawatt Budhigandaki Hydropower Project has estimated that the project can raise Rs 100 billion more than the required amount for the project.',
			'content' => '<p>December 19: A committee formed to prepare the investment plan of 1,200-megawatt Budhigandaki Hydropower Project has estimated that the project can raise Rs 100 billion more than the required amount for the project.</p>

<p>The estimated cost of the project is Rs 270 billion. A report prepared by the committee has pointed out to the possibility of raising Rs 350 billion for the project. The report was presented to Deputy Prime Minister and Minister for Energy Kamal Thapa on Monday, December 18.</p>

<p>The erstwhile government had handed over the responsibility of the national pride project to a Chinese company Gezhouba amid widespread criticism for choosing a foreign company for the project which was supposed to be completed with domestic investment.</p>

<p>A cabinet meeting on November 24 decided to complete the project with domestic investment after scrapping the deal with the Chinese company on November 13. Following the decision, the eight-member committee headed by National Planning Commission&rsquo;s Vice-Chairman Dr Swarnim Wagle was formed to prepare the investment plan of the project. Some other members of the committee include Nepal Rastra bank&rsquo;s governor, finance secretary, joint secretary of energy ministry as well as executive director of Nepal Electricity Authority.</p>

<p>The report prepared by the committee incorporates strategic importance of the project, investment, modality of contract, economic possibility and the alternatives of investment. The report also includes the present situation in hydropower investment, investment needed for hydropower sector in the next five years, demand and supply of electricity in the country.</p>

<p>The report states that the government needs to provide 35 percent as the viability gap funding for the project considering the total investment to be Rs 270 billion.</p>

<p>Meanwhile, in the budget speech for the Fiscal Year 2017/2018, the government had announced that it will levy Rs 5 per liter on petrol, diesel and aviation fuel for the construction of Budhigandaki Hydropower Project. The government has already collected Rs 15 billion from tax levied on petroleum products.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6932',
			'image' => null,
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '7150',
			'article_category_id' => '1',
			'title' => ''Nepal can Attract More Foreign Investment'',
			'sub_title' => '',
			'summary' => 'December 19: With the country transitioning into federal structure and possibility of having stable government for the next five years, Nepal can attract more foreign investment, said Shankar Adhikari, finance secretary at the Ministry of Finance (MoF).',
			'content' => '<p>December 19: With the country transitioning into federal structure and possibility of having stable government for the next five years, Nepal can attract more foreign investment, said Shankar Adhikari, finance secretary at the Ministry of Finance (MoF).</p>

<p>Speaking at a program organized in Kathmandu&nbsp;on Tuesday, December 19, he said that there are both challenges and opportunities ahead while implementing federalism, but the government should focus on creating investment-friendly environment in the country to ensure the flow of foreign investment.</p>

<p>The program entitled &lsquo;Fiscal Challenges under Federalism&rsquo; was organized by the Society of Economic Journalists of Nepal (SEJON) in collaboration with Asian Development Bank (ADB).</p>

<p>&ldquo;The country can achieve revenue growth of 30 percent, but only if there is political commitment. The main challenge is the allocation of budget at both provincial and local levels,&rdquo; he said at the program.</p>

<p>Likewise, former finance secretary Shanta Raj Subedi said that all the provinces don&rsquo;t have equal resources, so every province and central government should work together.</p>

<p>&ldquo;When we see at the current structure, Province 3 is ahead in comparison with others, so, collaboration is a must. The central government should support all the provinces as it takes time to prepare mechanism and policy at the provincial level,&rdquo; Subedi said, adding that the national pride projects should be looked after by the central government itself, not the provincial governments.</p>

<p>Likewise, Shanker Sharma, former vice chairman of the National Planning Commission (NPC), said that 87 percent of infrastructure projects in Nepal have cost and time overrun. Similarly, Kantika Sejuwal, mayor of Chandannath Municipality, Jumla complained that the budget allocated by the government for Jumla is very low despite being very big in geographical structure.</p>

<p>&ldquo;I have planned to organize investment summit in Jumla within a year to attract foreign investment in the region as we have huge resources and possibilities. The support from bureaucrats for local representatives in Jumla is very disappointing,&rdquo; she added. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6931',
			'image' => '20171219045812_ADB Sejon.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '7149',
			'article_category_id' => '1',
			'title' => 'Himalayan General Insurance Steps into 25th year',
			'sub_title' => '',
			'summary' => 'December 19:  Himalayan General Insurance Company has stepped into 25th year of its establishment. ',
			'content' => '<p>December 19:&nbsp; Himalayan General Insurance Company has stepped into 25<sup>th</sup> year of its establishment. The company announced its future strategy during a function organised to mark its anniversary. It also said that it will contribute to social service in the coming days. The company also contributed to different social activities on the occasion.</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6930',
			'image' => '20171219045951_himalayan insurance.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '7148',
			'article_category_id' => '1',
			'title' => 'Global IME Capital appointed Share Registrar of IME General Insurance',
			'sub_title' => '',
			'summary' => 'IME General Insurance has appointed Global IME Capital as its share registrar. ',
			'content' => '<p>IME General Insurance has appointed Global IME Capital as its share registrar. Global IME Capital will issue right share of the insurance company &nbsp;in the ratio of 10:8 .</p>

<p>The CEO of the insurance company Yugesh Bhakta Bade Shrestha and the CEO of Global IME Capital, Paras Mani Dhakal signed an agreement on behalf of their respective organisaions on Monday, December 18. According to Shrestha, the paid-up capital of the insurance company will reach Rs 972 million after the issuance of the right share. Furthermore, he informed that the insurance company plans to increase the paid-up capital to Rs 1.02 billion after issuing bonus shares.&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6929',
			'image' => '20171219045629_IME.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '7147',
			'article_category_id' => '1',
			'title' => 'New Guidelines set for Salary and Allowances of Insurance Company CEOs',
			'sub_title' => '',
			'summary' => 'December 19: The Insurance Board has implemented the guidelines related to the salary, allowances and other benefits of the CEOs of insurance companies. ',
			'content' => '<p>December 19: The Insurance Board has implemented the guidelines related to the salary, allowances and other benefits of the CEOs of insurance companies. The Insurance Board said that the guidelines have been implemented for proper management of the facilities of the CEOs.</p>

<p>As per the new guidelines, the salary, bonus and other facilities provided by the insurance companies to their CEOs have been divided into four categories which include annual salary and bonuses, remuneration according to work performance, facilities related to insurance and other facilities.</p>

<p>According to the committee, though the existing CEOs will get the same facilities and remuneration which they have been getting till now, the new insurance companies will have to adhere to the new guidelines from now onwards. According to the guidelines, the CEOs will get the facilities of periodic life insurance, accidental insurance and family health insurance.</p>

<p>Likewise, the CEOs will get bonuses not exceeding 70 percent of their annual salary on the basis of their work performance. &nbsp;He or she will get fuel for vehicle, driver as well as mobile set, internet and laptop. The CEO will also get travel and health facilities at the time of their official visits.</p>

<p>&nbsp;</p>

<p>Condition where the guidelines won&rsquo;t be applicable</p>

<p>-Insurance companies which are in problem</p>

<p>-Insurance companies where the government appoints the CEO</p>

<p>-Insurance companies establishment with joint investment of domestic and foreign investors where the CEO is a foreign national and foreign insurance companies having branch in Nepal</p>

<p>&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '6928',
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	(int) 10 => array(
		'Article' => array(
			'id' => '7146',
			'article_category_id' => '1',
			'title' => 'ADB, Government Hand Over Reconstructed Earthquake-Resistant School To Community',
			'sub_title' => '',
			'summary' => 'December 19: The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday, December 18. ',
			'content' => '<p>December 19: The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday, December 18. The April 2015 earthquake had badly damaged the school, destroying five classrooms and other school facilities, reads a statement issued by the bank.</p>

<p>&nbsp;&ldquo;The reconstruction of the school was an opportunity to build back better, and now the school is not only rebuilt to earthquake-resistant standards but also provides an improved learning environment for children,&rdquo; said Mukhtor Khamudkhanov, ADB&rsquo;s Country Director for Nepal. &ldquo;We hope this new building will inspire teachers and students to do their best.&rdquo;</p>

<p>According to the ADB, the newly reconstructed school has seven classrooms and a library in three buildings as well as separate toilet blocks for girls and boys. The bank said that the buildings are modern structures resistant to earthquakes and designed with disabled-friendly features.</p>

<p>Prior to the construction of the new buildings, students were taking classes at temporary makeshift classrooms. &ldquo;If the new building were not constructed, the school would have to be closed as the number of students was dwindling,&rdquo; says Prem Lal Shrestha, the school&rsquo;s head teacher. &ldquo;But now, we are confident students will come back as parents also feel the new buildings are safe.&rdquo;</p>

<p>The hand-over ceremony was attended by Madhu Prasad Regmi, secretary at the Ministry of Education, Dhruba Prasad Sharma, executive member of National Reconstruction Authority and the local community, informed the ADB.</p>

<p>The school was reconstructed under the Earthquake Emergency Assistance Project (EEAP) jointly financed by ADB, which provided USD 200 million, and the Government of Nepal, which provided USD 33.4 million. The United States Agency for International Development provided USD 10 million in co-financing.</p>

<p>The ADB said that the project is rebuilding 154 schools damaged by the earthquake, that would enable thousands of children to return to school. Eleven schools are ready to be handed over to the community. The schools include stronger construction and engineering specifications that are designed to help the structures withstand future earthquakes. The EEAP-supported school reconstruction program is scheduled for completion in early 2019.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-19',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6927',
			'image' => '20171219012057_Kavres_school Handover photo.jpg',
			'article_date' => '2017-12-19 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '7145',
			'article_category_id' => '1',
			'title' => 'Mega Bank to Invest for Underprivileged Groups',
			'sub_title' => '',
			'summary' => 'December 19: Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.',
			'content' => '<p>December 19: Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.</p>

<p>The Acting CEO of the bank, Anupama Khanjeli, said that the amount will be invested for underprivileged groups till the end of FY 2017/18. Speaking at an interaction programme organised by the bank with CEOs of 50 microfinance institutions from across the country, CEO Khanjeli informed that the bank has invested Rs 2.46 million in the sector so far.</p>

<p>Stating that the bank&rsquo;s mission was to invest from &lsquo;halo to hydro&rsquo;, Khanjeli clarified that the bank had given priority to micro financing in rural areas as there is less risk in debt recovery from underprivileged groups.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6926',
			'image' => '20171219115641_mega-bank.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '7144',
			'article_category_id' => '1',
			'title' => 'Kameshwor wins Rs 100,000',
			'sub_title' => '',
			'summary' => 'December 19: Nepal General Marketing Pvt Ltd, the authorised distributor of Hero, announced the winner of its Dashain and Tihar scheme.',
			'content' => '<p>December 19: Nepal General Marketing Pvt Ltd, the authorised distributor of Hero, announced the winner of its Dashain and Tihar scheme. Under the scheme &nbsp;&lsquo;Yo Dashain ra Tihar ma Bhagyamoney Bhaye&rsquo;, Hero&rsquo;s customer Kameshwor&nbsp; Hujedar has won an amount Rs 100,000.</p>

<p>The company had announced that the customers buying Hero motorbikes and scooters would get Rs 6,000 discount in addition to cash prize between Rs 1,000 to 100,000 from scratch card. Likewise, the company had awarded one winner with Rs 100,000 in a weekly bumper lucky draw.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6925',
			'image' => '20171219050006_Hero.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '7143',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank to distribute Bonus Share',
			'sub_title' => '',
			'summary' => 'December 19: Sunrise Bank has decided to distribute 15 % bonus share to its stakeholders. ',
			'content' => '<p>December 19: Sunrise Bank has decided to distribute 15 % bonus share to its stakeholders. The proposal was approved by the 10<sup>th</sup> annual general meeting (AGM) of the bank on Monday, December 18. Issuing a press statement, the bank informed said that the total paid up capital will reach Rs 8.8 billion after distributing the bonus shares.</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6924',
			'image' => '20171219113658_sunrise.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '7142',
			'article_category_id' => '1',
			'title' => 'Bancassurance Agreement between Janata Bank and Gurans Life Insurance',
			'sub_title' => '',
			'summary' => 'December 18: Janata Bank and Gurans Life Insurance signed an agreement to commence Bancassurance service amid a function on Friday, December 15. ',
			'content' => '<p><span style="font-size:13px">December 18: Janata Bank and Gurans Life Insurance signed an agreement to commence Bancassurance service amid a function on Friday, December 15. Prithivi Shrestha, Deputy Chief Executive Officer of the bank and Narayan&nbsp; Kumar Bhattarai, the CEO of the insurance company , signed the agreement on behalf of their respective organisations. With the agreement, the bank&#39;s customers can now have easy access to insurance service provided by the insurance company through any of its branches across the country.</span></p>

<p>&nbsp;</p>

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

<p>&nbsp;</p>
',
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			'sortorder' => '6923',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '7156',
			'article_category_id' => '1',
			'title' => 'Renault’s Super Heat Offer',
			'sub_title' => '',
			'summary' => 'December 20: Advanced Automobiles Pvt Ltd, which is a part of Vishal Group and the authorized sole distributor of Renault vehicle for Nepal, has launched “Renault Super Heat” consumer scheme.',
			'content' => '<p>December 20: Advanced Automobiles Pvt Ltd, which is a part of Vishal Group and the authorized sole distributor of Renault vehicle for Nepal, has launched &ldquo;Renault Super Heat&rdquo; consumer scheme. Under this scheme, customers can avail huge saving on purchase of any new Renault vehicle, reads a press statement issued by the company. Customers can get benefit up to Rs 650,000.</p>

<p>Renault Super Heat scheme comes with the tagline of &quot;Chisssooo Winter Maa Hot Offer&quot;, which assures its customers with best scheme like comprehensive insurance for one year, free road tax for a year, free servicing for two years. The company will also provide exchange bonus up to Rs 100,000. The scheme is available in all Renault showrooms across Nepal.</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6937',
			'image' => '20171220014128_Mnemonic.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 1 => array(
		'Article' => array(
			'id' => '7155',
			'article_category_id' => '1',
			'title' => 'NBI, NCC Sign Agreement',
			'sub_title' => '',
			'summary' => 'December 20: National Banking Institute Ltd (NBI) and Nepal Credit & Commerce Bank Ltd (NCC) signed a Memorandum of Understanding (MoU) on December 19 for strategic alliance.',
			'content' => '<p>December 20: National Banking Institute Ltd (NBI) and Nepal Credit &amp; Commerce Bank Ltd (NCC) signed a Memorandum of Understanding (MoU) on December 19 for strategic alliance. As per the agreement, NBI will exclusively provide customized training programs to the bank for human capital development. Under this agreement, NCC has committed Rs 5 million worth training investment during the fiscal year&nbsp;2017/18 to NBI. This partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank, reads a press statement issued by the bank.</p>

<p>The MoU was signed by Ramesh Raj Aryal, CEO of NCC and Sanjib Subba, CEO of NBI. The bank believes that this alliance will be instrumental in the capacity building process and bringing about positive transformation in the development of human capital in the industry.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6936',
			'image' => '20171220012214_NCC.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '7154',
			'article_category_id' => '1',
			'title' => 'Neco provides GPA Insurance to Orphans',
			'sub_title' => '',
			'summary' => 'December 20: Neco Insurance Limited, as part of its corporate social responsibility (CSR), provided Group Personal Accident (GPA) insurance to 46 orphan students of Bhimsenthan-based Paropakar Sanstha, Kathmandu. ',
			'content' => '<p>December 20: Neco Insurance Limited, as part of its corporate social responsibility (CSR), provided Group Personal Accident (GPA) insurance to 46 orphan students of Bhimsenthan-based Paropakar Sanstha, Kathmandu. The insurance policy was handed over to the social organisation on December 19 by Bishwaram Timala, CEO of the company.</p>

<p>Issuing a press statement, the company informed that the insurance will cover the students&rsquo; medical expenses and also the expenses of injuries caused by accident or the risk of death. The non-life insurance company, established 22 years ago, has been regularly organising such CSR activities.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6935',
			'image' => '20171220124718_Photo.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 3 => array(
		'Article' => array(
			'id' => '7153',
			'article_category_id' => '1',
			'title' => 'Global IME Launches Branchless Banking Service in Chainpur',
			'sub_title' => '',
			'summary' => 'December 20 :  Global IME bank has launched branchless banking service at Pokhari Bazar, Chainpur-3 of Sankhuwasabha.',
			'content' => '<p>December 20 : &nbsp;Global IME bank has launched branchless banking service at Pokhari Bazar, Chainpur-3 of Sankhuwasabha. With this, the bank has now been providing branchless banking service from 54 locations. A press statement issued by the bank mentions that a local, Mann Maya Limbu, has been appointed as the bank&rsquo;s representatives for Chainpur.</p>

<p>With the aim to expand banking services in all local levels across the nation, the bank has been providing banking services in various places through its branches, extension counters, and branchless banking service.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6934',
			'image' => '20171220010611_global.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '7152',
			'article_category_id' => '1',
			'title' => 'Complete Melamchi Water Project at the Earliest: CIAA',
			'sub_title' => '',
			'summary' => 'December 20: The Commission for the Investigation of Abuse of Authority (CIAA) has asked the concerned authorities to bring the water of Melmachi to the Kathmandu Valley at the earliest.',
			'content' => '<p>December 20: The Commission for the Investigation of Abuse of Authority (CIAA) has asked the concerned authorities to bring the water of Melmachi to the Kathmandu Valley at the earliest.</p>

<p>As the capital is facing shortage of water, the CIAA on Tuesday, directed the officials of Melamchi Water Supply Development Board (MWSDB) to solve the shortage of drinking water in Kathmandu by completing the project as soon as possible.</p>

<p>CIAA Chief Commissioner Deep Basnet directed the concerned officials as the people of Kathmandu have been facing dust pollution and shortage of clean drinking water at the same time. A source at CIAA said that the shortage of water has made people of Kathmandu exposed to diseases and the dust pollution has left very bad image of Nepal among the foreign tourists. &ldquo;The miscommunication between the concerned authorities has delayed in the completion of the project,&rdquo; the source added.</p>

<p>According to CIAA Commissioner Nabin Kumar Ghimire, the pace of the project has been disappointing. Another commissioner of CIAA, Ganesh Raj Joshi, said that despite being a national pride project, the concerned authorities have not paid attention to complete Melamchi Water Supply Project. &nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6933',
			'image' => null,
			'article_date' => '2017-12-20 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '7151',
			'article_category_id' => '1',
			'title' => 'Domestic Sources Capable of Raising Funds in Excess for Budhigandaki Project',
			'sub_title' => '',
			'summary' => 'December 19: A committee formed to prepare the investment plan of 1,200-megawatt Budhigandaki Hydropower Project has estimated that the project can raise Rs 100 billion more than the required amount for the project.',
			'content' => '<p>December 19: A committee formed to prepare the investment plan of 1,200-megawatt Budhigandaki Hydropower Project has estimated that the project can raise Rs 100 billion more than the required amount for the project.</p>

<p>The estimated cost of the project is Rs 270 billion. A report prepared by the committee has pointed out to the possibility of raising Rs 350 billion for the project. The report was presented to Deputy Prime Minister and Minister for Energy Kamal Thapa on Monday, December 18.</p>

<p>The erstwhile government had handed over the responsibility of the national pride project to a Chinese company Gezhouba amid widespread criticism for choosing a foreign company for the project which was supposed to be completed with domestic investment.</p>

<p>A cabinet meeting on November 24 decided to complete the project with domestic investment after scrapping the deal with the Chinese company on November 13. Following the decision, the eight-member committee headed by National Planning Commission&rsquo;s Vice-Chairman Dr Swarnim Wagle was formed to prepare the investment plan of the project. Some other members of the committee include Nepal Rastra bank&rsquo;s governor, finance secretary, joint secretary of energy ministry as well as executive director of Nepal Electricity Authority.</p>

<p>The report prepared by the committee incorporates strategic importance of the project, investment, modality of contract, economic possibility and the alternatives of investment. The report also includes the present situation in hydropower investment, investment needed for hydropower sector in the next five years, demand and supply of electricity in the country.</p>

<p>The report states that the government needs to provide 35 percent as the viability gap funding for the project considering the total investment to be Rs 270 billion.</p>

<p>Meanwhile, in the budget speech for the Fiscal Year 2017/2018, the government had announced that it will levy Rs 5 per liter on petrol, diesel and aviation fuel for the construction of Budhigandaki Hydropower Project. The government has already collected Rs 15 billion from tax levied on petroleum products.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6932',
			'image' => null,
			'article_date' => '2017-12-19 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '7150',
			'article_category_id' => '1',
			'title' => ''Nepal can Attract More Foreign Investment'',
			'sub_title' => '',
			'summary' => 'December 19: With the country transitioning into federal structure and possibility of having stable government for the next five years, Nepal can attract more foreign investment, said Shankar Adhikari, finance secretary at the Ministry of Finance (MoF).',
			'content' => '<p>December 19: With the country transitioning into federal structure and possibility of having stable government for the next five years, Nepal can attract more foreign investment, said Shankar Adhikari, finance secretary at the Ministry of Finance (MoF).</p>

<p>Speaking at a program organized in Kathmandu&nbsp;on Tuesday, December 19, he said that there are both challenges and opportunities ahead while implementing federalism, but the government should focus on creating investment-friendly environment in the country to ensure the flow of foreign investment.</p>

<p>The program entitled &lsquo;Fiscal Challenges under Federalism&rsquo; was organized by the Society of Economic Journalists of Nepal (SEJON) in collaboration with Asian Development Bank (ADB).</p>

<p>&ldquo;The country can achieve revenue growth of 30 percent, but only if there is political commitment. The main challenge is the allocation of budget at both provincial and local levels,&rdquo; he said at the program.</p>

<p>Likewise, former finance secretary Shanta Raj Subedi said that all the provinces don&rsquo;t have equal resources, so every province and central government should work together.</p>

<p>&ldquo;When we see at the current structure, Province 3 is ahead in comparison with others, so, collaboration is a must. The central government should support all the provinces as it takes time to prepare mechanism and policy at the provincial level,&rdquo; Subedi said, adding that the national pride projects should be looked after by the central government itself, not the provincial governments.</p>

<p>Likewise, Shanker Sharma, former vice chairman of the National Planning Commission (NPC), said that 87 percent of infrastructure projects in Nepal have cost and time overrun. Similarly, Kantika Sejuwal, mayor of Chandannath Municipality, Jumla complained that the budget allocated by the government for Jumla is very low despite being very big in geographical structure.</p>

<p>&ldquo;I have planned to organize investment summit in Jumla within a year to attract foreign investment in the region as we have huge resources and possibilities. The support from bureaucrats for local representatives in Jumla is very disappointing,&rdquo; she added. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6931',
			'image' => '20171219045812_ADB Sejon.jpg',
			'article_date' => '2017-12-19 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '7149',
			'article_category_id' => '1',
			'title' => 'Himalayan General Insurance Steps into 25th year',
			'sub_title' => '',
			'summary' => 'December 19:  Himalayan General Insurance Company has stepped into 25th year of its establishment. ',
			'content' => '<p>December 19:&nbsp; Himalayan General Insurance Company has stepped into 25<sup>th</sup> year of its establishment. The company announced its future strategy during a function organised to mark its anniversary. It also said that it will contribute to social service in the coming days. The company also contributed to different social activities on the occasion.</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6930',
			'image' => '20171219045951_himalayan insurance.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '7148',
			'article_category_id' => '1',
			'title' => 'Global IME Capital appointed Share Registrar of IME General Insurance',
			'sub_title' => '',
			'summary' => 'IME General Insurance has appointed Global IME Capital as its share registrar. ',
			'content' => '<p>IME General Insurance has appointed Global IME Capital as its share registrar. Global IME Capital will issue right share of the insurance company &nbsp;in the ratio of 10:8 .</p>

<p>The CEO of the insurance company Yugesh Bhakta Bade Shrestha and the CEO of Global IME Capital, Paras Mani Dhakal signed an agreement on behalf of their respective organisaions on Monday, December 18. According to Shrestha, the paid-up capital of the insurance company will reach Rs 972 million after the issuance of the right share. Furthermore, he informed that the insurance company plans to increase the paid-up capital to Rs 1.02 billion after issuing bonus shares.&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6929',
			'image' => '20171219045629_IME.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 9 => array(
		'Article' => array(
			'id' => '7147',
			'article_category_id' => '1',
			'title' => 'New Guidelines set for Salary and Allowances of Insurance Company CEOs',
			'sub_title' => '',
			'summary' => 'December 19: The Insurance Board has implemented the guidelines related to the salary, allowances and other benefits of the CEOs of insurance companies. ',
			'content' => '<p>December 19: The Insurance Board has implemented the guidelines related to the salary, allowances and other benefits of the CEOs of insurance companies. The Insurance Board said that the guidelines have been implemented for proper management of the facilities of the CEOs.</p>

<p>As per the new guidelines, the salary, bonus and other facilities provided by the insurance companies to their CEOs have been divided into four categories which include annual salary and bonuses, remuneration according to work performance, facilities related to insurance and other facilities.</p>

<p>According to the committee, though the existing CEOs will get the same facilities and remuneration which they have been getting till now, the new insurance companies will have to adhere to the new guidelines from now onwards. According to the guidelines, the CEOs will get the facilities of periodic life insurance, accidental insurance and family health insurance.</p>

<p>Likewise, the CEOs will get bonuses not exceeding 70 percent of their annual salary on the basis of their work performance. &nbsp;He or she will get fuel for vehicle, driver as well as mobile set, internet and laptop. The CEO will also get travel and health facilities at the time of their official visits.</p>

<p>&nbsp;</p>

<p>Condition where the guidelines won&rsquo;t be applicable</p>

<p>-Insurance companies which are in problem</p>

<p>-Insurance companies where the government appoints the CEO</p>

<p>-Insurance companies establishment with joint investment of domestic and foreign investors where the CEO is a foreign national and foreign insurance companies having branch in Nepal</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6928',
			'image' => null,
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '7146',
			'article_category_id' => '1',
			'title' => 'ADB, Government Hand Over Reconstructed Earthquake-Resistant School To Community',
			'sub_title' => '',
			'summary' => 'December 19: The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday, December 18. ',
			'content' => '<p>December 19: The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday, December 18. The April 2015 earthquake had badly damaged the school, destroying five classrooms and other school facilities, reads a statement issued by the bank.</p>

<p>&nbsp;&ldquo;The reconstruction of the school was an opportunity to build back better, and now the school is not only rebuilt to earthquake-resistant standards but also provides an improved learning environment for children,&rdquo; said Mukhtor Khamudkhanov, ADB&rsquo;s Country Director for Nepal. &ldquo;We hope this new building will inspire teachers and students to do their best.&rdquo;</p>

<p>According to the ADB, the newly reconstructed school has seven classrooms and a library in three buildings as well as separate toilet blocks for girls and boys. The bank said that the buildings are modern structures resistant to earthquakes and designed with disabled-friendly features.</p>

<p>Prior to the construction of the new buildings, students were taking classes at temporary makeshift classrooms. &ldquo;If the new building were not constructed, the school would have to be closed as the number of students was dwindling,&rdquo; says Prem Lal Shrestha, the school&rsquo;s head teacher. &ldquo;But now, we are confident students will come back as parents also feel the new buildings are safe.&rdquo;</p>

<p>The hand-over ceremony was attended by Madhu Prasad Regmi, secretary at the Ministry of Education, Dhruba Prasad Sharma, executive member of National Reconstruction Authority and the local community, informed the ADB.</p>

<p>The school was reconstructed under the Earthquake Emergency Assistance Project (EEAP) jointly financed by ADB, which provided USD 200 million, and the Government of Nepal, which provided USD 33.4 million. The United States Agency for International Development provided USD 10 million in co-financing.</p>

<p>The ADB said that the project is rebuilding 154 schools damaged by the earthquake, that would enable thousands of children to return to school. Eleven schools are ready to be handed over to the community. The schools include stronger construction and engineering specifications that are designed to help the structures withstand future earthquakes. The EEAP-supported school reconstruction program is scheduled for completion in early 2019.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6927',
			'image' => '20171219012057_Kavres_school Handover photo.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '7145',
			'article_category_id' => '1',
			'title' => 'Mega Bank to Invest for Underprivileged Groups',
			'sub_title' => '',
			'summary' => 'December 19: Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.',
			'content' => '<p>December 19: Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.</p>

<p>The Acting CEO of the bank, Anupama Khanjeli, said that the amount will be invested for underprivileged groups till the end of FY 2017/18. Speaking at an interaction programme organised by the bank with CEOs of 50 microfinance institutions from across the country, CEO Khanjeli informed that the bank has invested Rs 2.46 million in the sector so far.</p>

<p>Stating that the bank&rsquo;s mission was to invest from &lsquo;halo to hydro&rsquo;, Khanjeli clarified that the bank had given priority to micro financing in rural areas as there is less risk in debt recovery from underprivileged groups.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6926',
			'image' => '20171219115641_mega-bank.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '7144',
			'article_category_id' => '1',
			'title' => 'Kameshwor wins Rs 100,000',
			'sub_title' => '',
			'summary' => 'December 19: Nepal General Marketing Pvt Ltd, the authorised distributor of Hero, announced the winner of its Dashain and Tihar scheme.',
			'content' => '<p>December 19: Nepal General Marketing Pvt Ltd, the authorised distributor of Hero, announced the winner of its Dashain and Tihar scheme. Under the scheme &nbsp;&lsquo;Yo Dashain ra Tihar ma Bhagyamoney Bhaye&rsquo;, Hero&rsquo;s customer Kameshwor&nbsp; Hujedar has won an amount Rs 100,000.</p>

<p>The company had announced that the customers buying Hero motorbikes and scooters would get Rs 6,000 discount in addition to cash prize between Rs 1,000 to 100,000 from scratch card. Likewise, the company had awarded one winner with Rs 100,000 in a weekly bumper lucky draw.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6925',
			'image' => '20171219050006_Hero.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	),
	(int) 13 => array(
		'Article' => array(
			'id' => '7143',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank to distribute Bonus Share',
			'sub_title' => '',
			'summary' => 'December 19: Sunrise Bank has decided to distribute 15 % bonus share to its stakeholders. ',
			'content' => '<p>December 19: Sunrise Bank has decided to distribute 15 % bonus share to its stakeholders. The proposal was approved by the 10<sup>th</sup> annual general meeting (AGM) of the bank on Monday, December 18. Issuing a press statement, the bank informed said that the total paid up capital will reach Rs 8.8 billion after distributing the bonus shares.</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6924',
			'image' => '20171219113658_sunrise.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '7142',
			'article_category_id' => '1',
			'title' => 'Bancassurance Agreement between Janata Bank and Gurans Life Insurance',
			'sub_title' => '',
			'summary' => 'December 18: Janata Bank and Gurans Life Insurance signed an agreement to commence Bancassurance service amid a function on Friday, December 15. ',
			'content' => '<p><span style="font-size:13px">December 18: Janata Bank and Gurans Life Insurance signed an agreement to commence Bancassurance service amid a function on Friday, December 15. Prithivi Shrestha, Deputy Chief Executive Officer of the bank and Narayan&nbsp; Kumar Bhattarai, the CEO of the insurance company , signed the agreement on behalf of their respective organisations. With the agreement, the bank&#39;s customers can now have easy access to insurance service provided by the insurance company through any of its branches across the country.</span></p>

<p>&nbsp;</p>

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

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6923',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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)
$current_user = null
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$xml = false
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '7156',
			'article_category_id' => '1',
			'title' => 'Renault’s Super Heat Offer',
			'sub_title' => '',
			'summary' => 'December 20: Advanced Automobiles Pvt Ltd, which is a part of Vishal Group and the authorized sole distributor of Renault vehicle for Nepal, has launched “Renault Super Heat” consumer scheme.',
			'content' => '<p>December 20: Advanced Automobiles Pvt Ltd, which is a part of Vishal Group and the authorized sole distributor of Renault vehicle for Nepal, has launched &ldquo;Renault Super Heat&rdquo; consumer scheme. Under this scheme, customers can avail huge saving on purchase of any new Renault vehicle, reads a press statement issued by the company. Customers can get benefit up to Rs 650,000.</p>

<p>Renault Super Heat scheme comes with the tagline of &quot;Chisssooo Winter Maa Hot Offer&quot;, which assures its customers with best scheme like comprehensive insurance for one year, free road tax for a year, free servicing for two years. The company will also provide exchange bonus up to Rs 100,000. The scheme is available in all Renault showrooms across Nepal.</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6937',
			'image' => '20171220014128_Mnemonic.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
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	(int) 1 => array(
		'Article' => array(
			'id' => '7155',
			'article_category_id' => '1',
			'title' => 'NBI, NCC Sign Agreement',
			'sub_title' => '',
			'summary' => 'December 20: National Banking Institute Ltd (NBI) and Nepal Credit & Commerce Bank Ltd (NCC) signed a Memorandum of Understanding (MoU) on December 19 for strategic alliance.',
			'content' => '<p>December 20: National Banking Institute Ltd (NBI) and Nepal Credit &amp; Commerce Bank Ltd (NCC) signed a Memorandum of Understanding (MoU) on December 19 for strategic alliance. As per the agreement, NBI will exclusively provide customized training programs to the bank for human capital development. Under this agreement, NCC has committed Rs 5 million worth training investment during the fiscal year&nbsp;2017/18 to NBI. This partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank, reads a press statement issued by the bank.</p>

<p>The MoU was signed by Ramesh Raj Aryal, CEO of NCC and Sanjib Subba, CEO of NBI. The bank believes that this alliance will be instrumental in the capacity building process and bringing about positive transformation in the development of human capital in the industry.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6936',
			'image' => '20171220012214_NCC.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
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	(int) 2 => array(
		'Article' => array(
			'id' => '7154',
			'article_category_id' => '1',
			'title' => 'Neco provides GPA Insurance to Orphans',
			'sub_title' => '',
			'summary' => 'December 20: Neco Insurance Limited, as part of its corporate social responsibility (CSR), provided Group Personal Accident (GPA) insurance to 46 orphan students of Bhimsenthan-based Paropakar Sanstha, Kathmandu. ',
			'content' => '<p>December 20: Neco Insurance Limited, as part of its corporate social responsibility (CSR), provided Group Personal Accident (GPA) insurance to 46 orphan students of Bhimsenthan-based Paropakar Sanstha, Kathmandu. The insurance policy was handed over to the social organisation on December 19 by Bishwaram Timala, CEO of the company.</p>

<p>Issuing a press statement, the company informed that the insurance will cover the students&rsquo; medical expenses and also the expenses of injuries caused by accident or the risk of death. The non-life insurance company, established 22 years ago, has been regularly organising such CSR activities.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6935',
			'image' => '20171220124718_Photo.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '7153',
			'article_category_id' => '1',
			'title' => 'Global IME Launches Branchless Banking Service in Chainpur',
			'sub_title' => '',
			'summary' => 'December 20 :  Global IME bank has launched branchless banking service at Pokhari Bazar, Chainpur-3 of Sankhuwasabha.',
			'content' => '<p>December 20 : &nbsp;Global IME bank has launched branchless banking service at Pokhari Bazar, Chainpur-3 of Sankhuwasabha. With this, the bank has now been providing branchless banking service from 54 locations. A press statement issued by the bank mentions that a local, Mann Maya Limbu, has been appointed as the bank&rsquo;s representatives for Chainpur.</p>

<p>With the aim to expand banking services in all local levels across the nation, the bank has been providing banking services in various places through its branches, extension counters, and branchless banking service.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6934',
			'image' => '20171220010611_global.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '7152',
			'article_category_id' => '1',
			'title' => 'Complete Melamchi Water Project at the Earliest: CIAA',
			'sub_title' => '',
			'summary' => 'December 20: The Commission for the Investigation of Abuse of Authority (CIAA) has asked the concerned authorities to bring the water of Melmachi to the Kathmandu Valley at the earliest.',
			'content' => '<p>December 20: The Commission for the Investigation of Abuse of Authority (CIAA) has asked the concerned authorities to bring the water of Melmachi to the Kathmandu Valley at the earliest.</p>

<p>As the capital is facing shortage of water, the CIAA on Tuesday, directed the officials of Melamchi Water Supply Development Board (MWSDB) to solve the shortage of drinking water in Kathmandu by completing the project as soon as possible.</p>

<p>CIAA Chief Commissioner Deep Basnet directed the concerned officials as the people of Kathmandu have been facing dust pollution and shortage of clean drinking water at the same time. A source at CIAA said that the shortage of water has made people of Kathmandu exposed to diseases and the dust pollution has left very bad image of Nepal among the foreign tourists. &ldquo;The miscommunication between the concerned authorities has delayed in the completion of the project,&rdquo; the source added.</p>

<p>According to CIAA Commissioner Nabin Kumar Ghimire, the pace of the project has been disappointing. Another commissioner of CIAA, Ganesh Raj Joshi, said that despite being a national pride project, the concerned authorities have not paid attention to complete Melamchi Water Supply Project. &nbsp;</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6933',
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		'Article' => array(
			'id' => '7151',
			'article_category_id' => '1',
			'title' => 'Domestic Sources Capable of Raising Funds in Excess for Budhigandaki Project',
			'sub_title' => '',
			'summary' => 'December 19: A committee formed to prepare the investment plan of 1,200-megawatt Budhigandaki Hydropower Project has estimated that the project can raise Rs 100 billion more than the required amount for the project.',
			'content' => '<p>December 19: A committee formed to prepare the investment plan of 1,200-megawatt Budhigandaki Hydropower Project has estimated that the project can raise Rs 100 billion more than the required amount for the project.</p>

<p>The estimated cost of the project is Rs 270 billion. A report prepared by the committee has pointed out to the possibility of raising Rs 350 billion for the project. The report was presented to Deputy Prime Minister and Minister for Energy Kamal Thapa on Monday, December 18.</p>

<p>The erstwhile government had handed over the responsibility of the national pride project to a Chinese company Gezhouba amid widespread criticism for choosing a foreign company for the project which was supposed to be completed with domestic investment.</p>

<p>A cabinet meeting on November 24 decided to complete the project with domestic investment after scrapping the deal with the Chinese company on November 13. Following the decision, the eight-member committee headed by National Planning Commission&rsquo;s Vice-Chairman Dr Swarnim Wagle was formed to prepare the investment plan of the project. Some other members of the committee include Nepal Rastra bank&rsquo;s governor, finance secretary, joint secretary of energy ministry as well as executive director of Nepal Electricity Authority.</p>

<p>The report prepared by the committee incorporates strategic importance of the project, investment, modality of contract, economic possibility and the alternatives of investment. The report also includes the present situation in hydropower investment, investment needed for hydropower sector in the next five years, demand and supply of electricity in the country.</p>

<p>The report states that the government needs to provide 35 percent as the viability gap funding for the project considering the total investment to be Rs 270 billion.</p>

<p>Meanwhile, in the budget speech for the Fiscal Year 2017/2018, the government had announced that it will levy Rs 5 per liter on petrol, diesel and aviation fuel for the construction of Budhigandaki Hydropower Project. The government has already collected Rs 15 billion from tax levied on petroleum products.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6932',
			'image' => null,
			'article_date' => '2017-12-19 00:00:00',
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			'breaking_news' => false,
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		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '7150',
			'article_category_id' => '1',
			'title' => ''Nepal can Attract More Foreign Investment'',
			'sub_title' => '',
			'summary' => 'December 19: With the country transitioning into federal structure and possibility of having stable government for the next five years, Nepal can attract more foreign investment, said Shankar Adhikari, finance secretary at the Ministry of Finance (MoF).',
			'content' => '<p>December 19: With the country transitioning into federal structure and possibility of having stable government for the next five years, Nepal can attract more foreign investment, said Shankar Adhikari, finance secretary at the Ministry of Finance (MoF).</p>

<p>Speaking at a program organized in Kathmandu&nbsp;on Tuesday, December 19, he said that there are both challenges and opportunities ahead while implementing federalism, but the government should focus on creating investment-friendly environment in the country to ensure the flow of foreign investment.</p>

<p>The program entitled &lsquo;Fiscal Challenges under Federalism&rsquo; was organized by the Society of Economic Journalists of Nepal (SEJON) in collaboration with Asian Development Bank (ADB).</p>

<p>&ldquo;The country can achieve revenue growth of 30 percent, but only if there is political commitment. The main challenge is the allocation of budget at both provincial and local levels,&rdquo; he said at the program.</p>

<p>Likewise, former finance secretary Shanta Raj Subedi said that all the provinces don&rsquo;t have equal resources, so every province and central government should work together.</p>

<p>&ldquo;When we see at the current structure, Province 3 is ahead in comparison with others, so, collaboration is a must. The central government should support all the provinces as it takes time to prepare mechanism and policy at the provincial level,&rdquo; Subedi said, adding that the national pride projects should be looked after by the central government itself, not the provincial governments.</p>

<p>Likewise, Shanker Sharma, former vice chairman of the National Planning Commission (NPC), said that 87 percent of infrastructure projects in Nepal have cost and time overrun. Similarly, Kantika Sejuwal, mayor of Chandannath Municipality, Jumla complained that the budget allocated by the government for Jumla is very low despite being very big in geographical structure.</p>

<p>&ldquo;I have planned to organize investment summit in Jumla within a year to attract foreign investment in the region as we have huge resources and possibilities. The support from bureaucrats for local representatives in Jumla is very disappointing,&rdquo; she added. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6931',
			'image' => '20171219045812_ADB Sejon.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '7149',
			'article_category_id' => '1',
			'title' => 'Himalayan General Insurance Steps into 25th year',
			'sub_title' => '',
			'summary' => 'December 19:  Himalayan General Insurance Company has stepped into 25th year of its establishment. ',
			'content' => '<p>December 19:&nbsp; Himalayan General Insurance Company has stepped into 25<sup>th</sup> year of its establishment. The company announced its future strategy during a function organised to mark its anniversary. It also said that it will contribute to social service in the coming days. The company also contributed to different social activities on the occasion.</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6930',
			'image' => '20171219045951_himalayan insurance.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '7148',
			'article_category_id' => '1',
			'title' => 'Global IME Capital appointed Share Registrar of IME General Insurance',
			'sub_title' => '',
			'summary' => 'IME General Insurance has appointed Global IME Capital as its share registrar. ',
			'content' => '<p>IME General Insurance has appointed Global IME Capital as its share registrar. Global IME Capital will issue right share of the insurance company &nbsp;in the ratio of 10:8 .</p>

<p>The CEO of the insurance company Yugesh Bhakta Bade Shrestha and the CEO of Global IME Capital, Paras Mani Dhakal signed an agreement on behalf of their respective organisaions on Monday, December 18. According to Shrestha, the paid-up capital of the insurance company will reach Rs 972 million after the issuance of the right share. Furthermore, he informed that the insurance company plans to increase the paid-up capital to Rs 1.02 billion after issuing bonus shares.&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6929',
			'image' => '20171219045629_IME.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '7147',
			'article_category_id' => '1',
			'title' => 'New Guidelines set for Salary and Allowances of Insurance Company CEOs',
			'sub_title' => '',
			'summary' => 'December 19: The Insurance Board has implemented the guidelines related to the salary, allowances and other benefits of the CEOs of insurance companies. ',
			'content' => '<p>December 19: The Insurance Board has implemented the guidelines related to the salary, allowances and other benefits of the CEOs of insurance companies. The Insurance Board said that the guidelines have been implemented for proper management of the facilities of the CEOs.</p>

<p>As per the new guidelines, the salary, bonus and other facilities provided by the insurance companies to their CEOs have been divided into four categories which include annual salary and bonuses, remuneration according to work performance, facilities related to insurance and other facilities.</p>

<p>According to the committee, though the existing CEOs will get the same facilities and remuneration which they have been getting till now, the new insurance companies will have to adhere to the new guidelines from now onwards. According to the guidelines, the CEOs will get the facilities of periodic life insurance, accidental insurance and family health insurance.</p>

<p>Likewise, the CEOs will get bonuses not exceeding 70 percent of their annual salary on the basis of their work performance. &nbsp;He or she will get fuel for vehicle, driver as well as mobile set, internet and laptop. The CEO will also get travel and health facilities at the time of their official visits.</p>

<p>&nbsp;</p>

<p>Condition where the guidelines won&rsquo;t be applicable</p>

<p>-Insurance companies which are in problem</p>

<p>-Insurance companies where the government appoints the CEO</p>

<p>-Insurance companies establishment with joint investment of domestic and foreign investors where the CEO is a foreign national and foreign insurance companies having branch in Nepal</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6928',
			'image' => null,
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '7146',
			'article_category_id' => '1',
			'title' => 'ADB, Government Hand Over Reconstructed Earthquake-Resistant School To Community',
			'sub_title' => '',
			'summary' => 'December 19: The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday, December 18. ',
			'content' => '<p>December 19: The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday, December 18. The April 2015 earthquake had badly damaged the school, destroying five classrooms and other school facilities, reads a statement issued by the bank.</p>

<p>&nbsp;&ldquo;The reconstruction of the school was an opportunity to build back better, and now the school is not only rebuilt to earthquake-resistant standards but also provides an improved learning environment for children,&rdquo; said Mukhtor Khamudkhanov, ADB&rsquo;s Country Director for Nepal. &ldquo;We hope this new building will inspire teachers and students to do their best.&rdquo;</p>

<p>According to the ADB, the newly reconstructed school has seven classrooms and a library in three buildings as well as separate toilet blocks for girls and boys. The bank said that the buildings are modern structures resistant to earthquakes and designed with disabled-friendly features.</p>

<p>Prior to the construction of the new buildings, students were taking classes at temporary makeshift classrooms. &ldquo;If the new building were not constructed, the school would have to be closed as the number of students was dwindling,&rdquo; says Prem Lal Shrestha, the school&rsquo;s head teacher. &ldquo;But now, we are confident students will come back as parents also feel the new buildings are safe.&rdquo;</p>

<p>The hand-over ceremony was attended by Madhu Prasad Regmi, secretary at the Ministry of Education, Dhruba Prasad Sharma, executive member of National Reconstruction Authority and the local community, informed the ADB.</p>

<p>The school was reconstructed under the Earthquake Emergency Assistance Project (EEAP) jointly financed by ADB, which provided USD 200 million, and the Government of Nepal, which provided USD 33.4 million. The United States Agency for International Development provided USD 10 million in co-financing.</p>

<p>The ADB said that the project is rebuilding 154 schools damaged by the earthquake, that would enable thousands of children to return to school. Eleven schools are ready to be handed over to the community. The schools include stronger construction and engineering specifications that are designed to help the structures withstand future earthquakes. The EEAP-supported school reconstruction program is scheduled for completion in early 2019.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6927',
			'image' => '20171219012057_Kavres_school Handover photo.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	),
	(int) 11 => array(
		'Article' => array(
			'id' => '7145',
			'article_category_id' => '1',
			'title' => 'Mega Bank to Invest for Underprivileged Groups',
			'sub_title' => '',
			'summary' => 'December 19: Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.',
			'content' => '<p>December 19: Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.</p>

<p>The Acting CEO of the bank, Anupama Khanjeli, said that the amount will be invested for underprivileged groups till the end of FY 2017/18. Speaking at an interaction programme organised by the bank with CEOs of 50 microfinance institutions from across the country, CEO Khanjeli informed that the bank has invested Rs 2.46 million in the sector so far.</p>

<p>Stating that the bank&rsquo;s mission was to invest from &lsquo;halo to hydro&rsquo;, Khanjeli clarified that the bank had given priority to micro financing in rural areas as there is less risk in debt recovery from underprivileged groups.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6926',
			'image' => '20171219115641_mega-bank.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '7144',
			'article_category_id' => '1',
			'title' => 'Kameshwor wins Rs 100,000',
			'sub_title' => '',
			'summary' => 'December 19: Nepal General Marketing Pvt Ltd, the authorised distributor of Hero, announced the winner of its Dashain and Tihar scheme.',
			'content' => '<p>December 19: Nepal General Marketing Pvt Ltd, the authorised distributor of Hero, announced the winner of its Dashain and Tihar scheme. Under the scheme &nbsp;&lsquo;Yo Dashain ra Tihar ma Bhagyamoney Bhaye&rsquo;, Hero&rsquo;s customer Kameshwor&nbsp; Hujedar has won an amount Rs 100,000.</p>

<p>The company had announced that the customers buying Hero motorbikes and scooters would get Rs 6,000 discount in addition to cash prize between Rs 1,000 to 100,000 from scratch card. Likewise, the company had awarded one winner with Rs 100,000 in a weekly bumper lucky draw.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6925',
			'image' => '20171219050006_Hero.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 13 => array(
		'Article' => array(
			'id' => '7143',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank to distribute Bonus Share',
			'sub_title' => '',
			'summary' => 'December 19: Sunrise Bank has decided to distribute 15 % bonus share to its stakeholders. ',
			'content' => '<p>December 19: Sunrise Bank has decided to distribute 15 % bonus share to its stakeholders. The proposal was approved by the 10<sup>th</sup> annual general meeting (AGM) of the bank on Monday, December 18. Issuing a press statement, the bank informed said that the total paid up capital will reach Rs 8.8 billion after distributing the bonus shares.</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6924',
			'image' => '20171219113658_sunrise.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '7142',
			'article_category_id' => '1',
			'title' => 'Bancassurance Agreement between Janata Bank and Gurans Life Insurance',
			'sub_title' => '',
			'summary' => 'December 18: Janata Bank and Gurans Life Insurance signed an agreement to commence Bancassurance service amid a function on Friday, December 15. ',
			'content' => '<p><span style="font-size:13px">December 18: Janata Bank and Gurans Life Insurance signed an agreement to commence Bancassurance service amid a function on Friday, December 15. Prithivi Shrestha, Deputy Chief Executive Officer of the bank and Narayan&nbsp; Kumar Bhattarai, the CEO of the insurance company , signed the agreement on behalf of their respective organisations. With the agreement, the bank&#39;s customers can now have easy access to insurance service provided by the insurance company through any of its branches across the country.</span></p>

<p>&nbsp;</p>

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

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6923',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
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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::render() - CORE/Cake/View/View.php, line 473
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