Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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			'id' => '6785',
			'article_category_id' => '1',
			'title' => 'Foreign Trade from Birgunj Customs Point Declining',
			'sub_title' => '',
			'summary' => 'October 29: Import and export of goods from Nepal’s major trading point, Birgunj, has been declining annually.',
			'content' => '<p>October 29: Import and export of goods from Nepal&rsquo;s major trading point, Birgunj, has been declining annually. Foreign trade through the customs point was expected to improve after six months of tarai unrest and blockade in 2015. However, the fact is different.&nbsp; The tarai unrest and obstruction of foreign trade are the reasons behind the decreasing trade at the major customs point, according to stakeholders.</p>

<p>According to Sewantak Pokhrel, chief customs officer of Birgunj Customs Office, Birgunj has seen reduction in trade since trading was diverted to other customs points at the time of tarai unrest. In last FY 2016/17, goods amounting to Rs 3.35 billion entered from this trade point. Though the quantity was more compare to the import two years ago, the revenue collection is less.</p>

<p>Import in FY 2014/15 was more than Rs 23 billion.&nbsp;</p>
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			'id' => '6784',
			'article_category_id' => '1',
			'title' => 'Prabhu Bank Opens Branches in Kailali, Panchthar',
			'sub_title' => '',
			'summary' => 'October 29: Prabhu Bank has opened branches in Kailali and Panchthar districts.',
			'content' => '<p>October 29: Prabhu Bank has opened branches in Kailali and Panchthar districts. The new branches have been set up at Kailali&rsquo;s Bouniya and Panchthar&rsquo;s Fidim, the bank said in a statement. Nepal Rastra Bank, Dhangadi&rsquo;s chief manager Dhananjay Sharma inaugurated the branch in Kailali while Fidim&rsquo;s Mayor Onagaha Nembang inaugurated the branch in Panchthar district.</p>

<p>The bank said it expects to extend its support in development works at the local level with the establishment of the new branches. The bank has a total of 140 branches now.</p>
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			'sortorder' => '6567',
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			'id' => '6783',
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			'title' => 'Om Development Bank Organised Blood Donation Camp',
			'sub_title' => '',
			'summary' => 'October 29: Om Development Bank organised a blood donation camp at its head office in Chipledhunga, Pokhara recently. ',
			'content' => '<p>October 29: Om Development Bank organised a blood donation camp at its head office in Chipledhunga, Pokhara recently. The blood donation was organised on the occasion of the bank&rsquo;s 11<sup>th</sup> anniversary. Altogether 101 people donated blood during the programme, informed the bank&rsquo;s CEO Bishwa Mohan Adhikari.</p>
',
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			'sortorder' => '6566',
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			'id' => '6782',
			'article_category_id' => '1',
			'title' => 'Sun Nepal Life Insurance Opens its Seventh Branch in Pokhara',
			'sub_title' => '',
			'summary' => 'October 29: Sun Nepal Life Insurance has launched its branch in Pokhara.',
			'content' => '<p>October 29: Sun Nepal Life Insurance has launched its branch in Pokhara.&nbsp; Chiranjivi Chapagain, chairman of Insurance Board, inaugurated the branch amid a function on Friday, October 27. The branch is the seventh branch in Pokhara.</p>

<p>Speaking at the opening ceremony, Chapagain said that there is a need to raise awareness about insurance among the general people. &ldquo;We will also work to keep the syllabus related to insurance in the school-level education,&rdquo; he added.</p>

<p>Similarly, the promoter of the company Kiran KC said that insurance is important for everyone and the company will surely contribute to increasing the access of insurance among the people.</p>

<p>Likewise, Suchitra Thapa, senior advisor to the Lions Club International said that Sun Life Insurance will definitely prove itself better than other insurance companies in Nepal.</p>

<p>&ldquo;The banking and the insurance sector will contribute to creating vibrant economy,&rdquo; shared Jay Sapkota, manager of Machhapuchre Bank.&nbsp;</p>
',
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			'sortorder' => '6565',
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		'Article' => array(
			'id' => '6781',
			'article_category_id' => '1',
			'title' => 'Smart Telecom Rolls Out 4G Service',
			'sub_title' => '',
			'summary' => 'October 29: Smart Telecom, a privately owned telecommunication company, said it has rolled out the fourth generation internet service to its customers.',
			'content' => '<p>October 29: Smart Telecom, a privately owned telecommunication company, said it has rolled out the fourth generation internet service to its customers. With the launch of this service, Smart Telecom has become the third telecom service provider of the country provide the service.</p>

<p>Organizing a press meet in Kathmandu on October 28, Smart Telecom informed that it has rolled out the fourth generation internet service in Kathmandu valley and Pokhara in the first phase.</p>

<p>The company also claimed that its customers can use high-speed internet service compared to other service providers, as the company has allocated more frequency in comparison to other telecommunication companies.</p>

<p>&nbsp;</p>

<p>Speaking at the launching ceremony, Nagendra Das, head of the Commercial Department of Smart Telecom said that the users can enjoy internet with speed of 70 Mbps.</p>

<p>&ldquo;The service we will be providing will have more quality in comparison to other service providers. We have allocated 10 MHz frequency of 1800 MHz band for 4G service,&rdquo; he said.</p>

<p>The company in the second phase plans to expand the service to Nepalgunj, Chitwan and Birgunj. According to the company, this is the soft launch of the service, as it will be providing the full-fledged service within the next two months.</p>

<p>Currently, the company has a total of 1.5 million users which includes both data and voice users. The company is currently providing telecommunication service in 31 districts.</p>

<p>The company said that it has allowed its customers to make call to other network at low rates. Other service providers have been charging higher rates while making call to Smart Telecom network, which has hit our network, claimed the company.</p>

<p>Smart Telecom, which got unified license in 2013, received permission to operate 4G service some five months back.</p>

<p>&nbsp;</p>
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			'sortorder' => '6564',
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		'Article' => array(
			'id' => '6780',
			'article_category_id' => '1',
			'title' => 'Experts Stress on Using Inland Waterways in South Asia',
			'sub_title' => '',
			'summary' => 'October 29: Experts have said that the infrastructure works being undertaken to connect inland waterways of India and Bangladesh could not only ease the transport movement between the two countries but also translate into swifter and less expensive freight movement to Nepal and Bhutan.',
			'content' => '<p>October 29: Experts have said that the infrastructure works being undertaken to connect inland waterways of India and Bangladesh could not only ease the transport movement between the two countries but also translate into swifter and less expensive freight movement to Nepal and Bhutan.</p>

<p>&nbsp;Issuing a press statement, South Asia Watch on Trade Economics and Environment (SAWTEE) said that the experts expressed such views during an event organised in Kolkata on October 26-27.</p>

<p>Discussing the viability of inland waterways as an alternate mode of transport connectivity opening up new avenues of livelihood for the affected locals and trade facilitation opportunities in the Bangladesh, Bhutan, India and Nepal (BBIN) region, Jaipur-based civil society organization CUTS International organized a &lsquo;Sub-Regional Dialogue on Inland Waterways&rsquo; under its project titled &lsquo;Expanding Tradable Benefits of Trans-boundary Water: Promoting Navigational Usage of Inland Waterways in Ganga and Brahmaputra Basins&rsquo; on October 26-27 in Kolkata, the statement said.</p>

<p>Aiming to create an alternate policy discourse between policy-makers, civil society and communities for enabling reform measures and better governance of inland waterways and sharing knowledge between governments and civil society on inland waterways, this sub-regional dialogue brought together more than 80 stakeholders from governments, academia, civil society and international organisations from Bangladesh, Bhutan, India, Myanmar and Nepal, according to SAWTEE.&nbsp;</p>

<p>In regard to utilising the opportunities presented by India&#39;s investment in developing its inland waterways for the advantage of Nepal, former commerce secretary of Nepal and trade expert Purushottam Ojha pointed out the need to review the existing Nepal-India Treaty of Transit to include a provision giving Nepal right to use India&#39;s inland waterways for ferrying the cargos coming from or bound to Nepal.</p>

<p>Pravir Pandey, vice chairman of Inland Water Transport Authority of India, Ministry of Shipping, Government of India pointed out that works are underway to encourage the use of multimodal transport service for a portion of cargos bound to Nepal through inland waterways up to Kalu Ghat Terminus from where freight could be transported on trucks to Nepali borders.</p>

<p>Welcoming the participants, Bipul Chatterjee, executive director of CUTS International said that over the last few years this subject has gained better political traction in the region. Development of sustainable and economically viable inland waterways sector in this sub-region can not only contribute towards achieving sustainable development goals through poverty reduction and job creation but also have the potential to make regional cooperation process more inclusive. He emphasized on localisation of civil society discourse for fostering regional cooperation in eastern South Asia.</p>

<p>Sagar Prasai, country representative of The Asia Foundation, New Delhi told the audience that for a long time, South Asian countries have neglected possible tradable benefits of water. &ldquo;Inland waterways navigation at regional level has never come in our discussion despite having historical significance. Land-locked countries can get access to sea by using the existing waterways of neighboring countries and can gain economic benefit of regional connectivity,&rdquo; he said.</p>

<p>Shantanu Mitra, senior climate and environment advisor to DFID Asia Regional Team, British High Commission, New Delhi stressed on the need for regional connectivity through multi-modal means. &ldquo;Ineffective policies and under-developed supply chains are some of the major obstacles in the way of regional cooperation. Thus, regional initiatives like this are particularly important for land-locked countries,&rdquo; he said.</p>

<p>The event was supported by The Asia Foundation under the Civil Society Fund of South Asia Water Governance Programme of the United Kingdom&rsquo;s Department for International Development.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'sortorder' => '6563',
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		'Article' => array(
			'id' => '6779',
			'article_category_id' => '1',
			'title' => 'Suzuki Showroom in Pokhara',
			'sub_title' => '',
			'summary' => 'October 29: VG Automobiles Pvt Ltd, the authorized distributor of Suzuki two wheelers for Nepal, has extended its service in Pokhara with the opening of a showroom in Nayabazar.',
			'content' => '<p>October 29: VG Automobiles Pvt Ltd, the authorized distributor of Suzuki two wheelers for Nepal, has extended its service in Pokhara with the opening of a showroom in Nayabazar.</p>

<p>Himalaya Auto World, which owns the showroom, has been designated the authorised dealer in the region, reads a press statement issued by the company</p>

<p>Dhurba Thapa, proprietor of Himalayan Auto World said, &ldquo;Suzuki is one of the well-known brands throughout the world for its Japanese-built motorcycles and scooters and in respect to the Suzuki Way of Life! We are proud to work with VG Automobiles and ensures to provide service along with best quality and range of product to his fellow customers throughout his beautiful city Pokhara.&rdquo;</p>

<p>Suzuki is one of the leading manufacturers of Japanese bikes in the world and is present in almost every country of the world, reads the press statement.</p>

<p>&ldquo;It has a wide range of products to cater to every customer. The most awarded Suzuki bikes are available in Nepal in most attractive colors and price range. These world-class Japanese two wheelers are available across Nepal through a strong distribution network of VG Automobiles Pvt Ltd. It also has the most efficient aftersales services across the country,&rdquo; the press statement reads.</p>
',
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			'sortorder' => '6562',
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			'id' => '6777',
			'article_category_id' => '1',
			'title' => 'IME Life Insurance Opens Branch in Baglung',
			'sub_title' => '',
			'summary' => 'October 27: IME Life Insurance has opened a branch in Baglung. ',
			'content' => '<p>October 27: IME Life Insurance has opened a branch in Baglung. Insurance Borad&rsquo;s Chairman Chiranjivi Chapagain inaugurated the branch amid a function on Wednesday, October 25. IME Group&rsquo;s Chairman and vice president of Federation of Nepalese Chambers of Commerce and Industry Chandra Prasad Dhakal informed that the IME Group has been providing services like remittance, banking, life and non-life insurance, tourism promotion among others. Chairman of IME Life Insurance Ramhari Aryal said that the company plans to expand its branches across the nation&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-27',
			'modified' => '2017-10-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6560',
			'image' => null,
			'article_date' => '2017-10-27 00:00:00',
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		'Article' => array(
			'id' => '6776',
			'article_category_id' => '1',
			'title' => 'Nepal Cannot Rely on Remittances to Become Middle Income Country: Report',
			'sub_title' => '',
			'summary' => 'October 27: Nepal risks failing to make a jump to the “middle income” status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has warned.',
			'content' => '<p>October 27: Nepal risks failing to make a jump to the &ldquo;middle income&rdquo; status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has warned.</p>

<p>Economists at the two think-tanks have calculated how, based on past growth rates, Nepal is on course to graduate from a low-income country (LIC) to a lower-middle-income country (LMIC) by 2030, reads a statement issued by SAWTEE.</p>

<p>However, this would require the creation of 6.1 million jobs, of which 3.1 million are needed simply to match population growth.</p>

<p>The report, &lsquo;Pathways to prosperity and inclusive job creation in Nepal&rsquo;, details how growth since 2000 has not been based on high-quality jobs. Instead, the lack of good jobs has resulted in young people looking for work overseas. It is estimated that up to 4 million people are working abroad, generating remittances worth more than 30% of the GDP.</p>

<p>Researchers have now urged the government and all political actors to put a long-term plan in place for economic transformation and job creation in four key sectors identified in the report &ndash; agro-processing and light manufacturing; information and communication technology (ICT); tourism; and hydropower.</p>

<p>The ODI-SAWTEE report examines, in detail, what is currently holding the four priority sectors back, from the perspectives of individual firms. Accounting for political instability and the unique circumstance of Nepal&rsquo;s high labour migration, and a resulting over-reliance on remittances, the report finds that there must be urgent action to ensure the target for graduation to LMIC by 2030 stays on track.</p>

<p>The paper also suggests agriculture, forestry and fishing as important sectors due to their major impact on growth and jobs in the past.</p>

<p>The paper argues that by focusing on priority sectors with potential, through targeted policy action and better co-ordination, Nepal can achieve economic transformation. It offers recommendations for five areas for action including around transport and energy, infrastructure, on-the-job and technical training to fill the skills gap, relaxing capital account restrictions, increased advocacy and improved tertiary education.</p>
',
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			'sortorder' => '6559',
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		'Article' => array(
			'id' => '6774',
			'article_category_id' => '1',
			'title' => 'Bajaj Announces Lucky Winner of Dashain and Tihar Scheme',
			'sub_title' => '',
			'summary' => 'October 27: Hansraj Hulaschand & Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme "Bajaj Chha Ni Shaan”.',
			'content' => '<p>October 27: Hansraj Hulaschand &amp; Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme &quot;Bajaj Chha Ni Shaan&rdquo;.</p>

<p>Issuing a press statement on Thursday, October 26, the company said Dola Raj Bhandari of Dhapasi won Rs 600,000 in scratch coupon as a part of the scheme while buying Bajaj bike from HH Bajaj Showroom in Teku, Kathmandu.</p>

<p>During the campaign, the buyers were provided scratch coupon with the purchase of every Bajaj motorbike. They were eligible to win Rs 6,000 up to Rs 600,000 cash instantly.</p>

<p>The company said that the scheme is still underway.&nbsp;</p>
',
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			'sortorder' => '6558',
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		'Article' => array(
			'id' => '6775',
			'article_category_id' => '1',
			'title' => 'Well-Facilitated Resort to Open in Muktinath',
			'sub_title' => '',
			'summary' => 'October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang district.',
			'content' => '<p>October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang district.</p>

<p>The resort has been established with an investment of Rs 170 million by Sonam Lama, regional coordinator of Non Resident Nepali Association (NRNA), America. Lama informed that the construction of the main building has been completed and it will come into operation within a year.</p>

<p>The construction of resort started in mid-March and has 20 rooms. Lama said that though the construction of the building has been completed, painting of the building, management of apple orchard, garden and parking site are yet to be completed.</p>

<p>Lama started the business by taking 80 ropanis of land from the locals in lease for 30 years. He said that the construction will take place in two phases. Eighty percent of the work has been completed in the first phase while the remaining 20 percent will be done after the resort comes into operation.</p>

<p>&ldquo;I have introduced a new concept to provide tourists who travel here for religious purpose with good facilities,&rdquo; Lama told New Business Age, adding, &ldquo;The resort will be well facilitated with the availability of rock climbing for tourists.&rdquo;</p>

<p>Lama added that locals will be given priority in terms of employment in the resort. The number of internal as well as Indian tourists travelling to Muktinath has grown significantly after the operation of Beni- Jomsom- Kagbeni road. Influx of tourist from third countries is also high.&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
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		'Article' => array(
			'id' => '6773',
			'article_category_id' => '1',
			'title' => '27 Companies Yet to Pay Renewal Fees to NEPSE',
			'sub_title' => '',
			'summary' => 'October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time. ',
			'content' => '<p>October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time. Out of 116 companies listed in NEPSE, trading of 27 companies that are yet to pay the fees has been suspended from October 18.</p>

<p>NEPSE has suspended the companies that were operating but failed to pay the fees till the third week of October. According to officials of NEPSE, trading of such companies will be suspended until they pay the dues.</p>

<p>Many of the companies paid the renewal fee on October 18 after NEPSE suspended their trading that very day.</p>

<p>Meanwhile, Sumitra Manandhar Gurung, CEO of Mahila Sahayatra Micro Finance claimed that the company has already paid the renewal fee but the trading has been suspended without issuing any notice. NEPSE, on the other hand, stated that no amount has been received as renewal fee in the name of the company. According to Securities Exchange Regulation, companies listed in NEPSE should clear their renewal fees by the third week of October every year. &nbsp;</p>

<p>Under the regulation, NEPSE had informed all the listed companies to pay the renewal charge on August 28. Except five companies whose trading was suspended because of merger and acquisition, other 19 companies had not renewed the fees.</p>

<p>As per the Securities Exchange Regulation, 2050, the company having paid-up capital of Rs 10 million, Rs 10 million to Rs 50 million, and Rs 50 million to 100 million, and above Rs 100 million should pay annual renewal fee of Rs 15,000, Rs 25,000, Rs 35,000 and Rs 50,000 respectively.&nbsp; &nbsp;</p>
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			'id' => '6772',
			'article_category_id' => '1',
			'title' => 'Indian Tourists up in Lumbini',
			'sub_title' => '',
			'summary' => 'October 26: The number of Indian tourists visiting Lumbini has increased this year. ',
			'content' => '<p>October 26: The number of Indian tourists visiting Lumbini has increased this year. Records maintained by Lumbini Development Trust show that altogether 6,600 Indian tourists visited the holy place as of September 2017. The number of Indian tourists visiting the place last year was 5,336.</p>

<p>Most of the Indian tourists visited Lumbini by road, informed sources told New Business Age. It is said that some of the Indian tourists return back to their country while others travel to Pokhara or Kathmandu. However, the Department of Customs does not keep any records of tourists visiting Nepal by road.</p>

<p>According to Sagar Adhikari, former chairman of Siddhartha Travel Association Lumbini, the number of tourists visiting Kathmandu and Pokhara has dropped probably because of the poor state of Narayanghat-Mugling road section.</p>

<p>Although Indian as well as inter tourists visiting Lumbini has increased, the number of tourists from third countries has declined. According to Lumbini Development Trust, the arrival of overall tourists has declined by 20 percent in 2017 as compared to the previous year.</p>

<p>&nbsp;</p>
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			'id' => '6771',
			'article_category_id' => '1',
			'title' => 'SC Orders Government to Expedite Electricity Production in Jumla',
			'sub_title' => '',
			'summary' => 'October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled programs.',
			'content' => '<p>October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled programs. &nbsp;A joint bench of justices Om Prakash Mishra and Dambar Bahadur Shahi issued such order in response to a writ petition filed by a former lawmaker representing Jumla district.</p>

<p>The government had pledged to produce 5 megawatts of electricity in Jumla during the budget announcement of 2015/16. Although the government had made such commitment, there was no progress to that end prompting former lawmaker Lalit Jung Shahi to file a writ petition at the Supreme Court.</p>

<p>The writ petition states that the district has generator with a capacity to produce only 250 kilowatts of electricity. The &nbsp;generator set up almost four decades ago is still being used despite its sorry state. Shahi&rsquo;s lawyer Padam Bahadur Shahi said in the petition that the generator cannot produce electricity up to its potential as its has already worn out.</p>

<p>The writ petition further states that the whole Karnali zone has been lagging behind due to the low production of electricity in Jumla.</p>

<p>In response to the court&rsquo;s order, the government wrote to the apex court that it has already completed the survey of Jawa Khola for the production of 5 MW electricity as per its commitment. However, the government has not started the remaining works after completing the survey.</p>

<p>Former lawmaker Shahi said that he had raised the issue at the Parliament time and again but the government turned a deaf ear. He said he was forced to move the court after the government ignored his pleas.&nbsp;</p>
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		'Article' => array(
			'id' => '6770',
			'article_category_id' => '1',
			'title' => 'Oil Tankers to Undergo Calibration Test in Nepal',
			'sub_title' => '',
			'summary' => 'October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself. ',
			'content' => '<p>October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself. The Nepal Bureau of Standards and Metrology (NBSM) has set up a calibration unit in Hetauda for this purpose.</p>

<p>As the construction of infrastructure has completed, the calibration unit is all set to operate within the next few weeks. According to Bishwa Bahu Pudasaini, director general of NBSM, the construction of calibration unit has completed, and it will start the operation by the end of this month.</p>

<p>&ldquo;Infrastructure like calibration tower and other basic structures have already been completed. A total of around Rs 4.5 million has been invested for this,&rdquo; he said, adding that other infrastructures will be added to the calibration unit with an additional investment of almost Rs 10 million.</p>

<p>Currently, NBSM is working on connecting the calibration unit with basic necessities like water, electricity, among others. The Nepali tankers have been undergoing calibration test at Indian Oil Corporation (IOC) depots.</p>

<p>&ldquo;There were lots of difficulties while doing calibration in India. The tankers will not face any difficulties now,&rdquo; Pudasaini said, adding that all the tests like flow meter, water meter, among others will now be done in Nepal itself.</p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '6785',
			'article_category_id' => '1',
			'title' => 'Foreign Trade from Birgunj Customs Point Declining',
			'sub_title' => '',
			'summary' => 'October 29: Import and export of goods from Nepal’s major trading point, Birgunj, has been declining annually.',
			'content' => '<p>October 29: Import and export of goods from Nepal&rsquo;s major trading point, Birgunj, has been declining annually. Foreign trade through the customs point was expected to improve after six months of tarai unrest and blockade in 2015. However, the fact is different.&nbsp; The tarai unrest and obstruction of foreign trade are the reasons behind the decreasing trade at the major customs point, according to stakeholders.</p>

<p>According to Sewantak Pokhrel, chief customs officer of Birgunj Customs Office, Birgunj has seen reduction in trade since trading was diverted to other customs points at the time of tarai unrest. In last FY 2016/17, goods amounting to Rs 3.35 billion entered from this trade point. Though the quantity was more compare to the import two years ago, the revenue collection is less.</p>

<p>Import in FY 2014/15 was more than Rs 23 billion.&nbsp;</p>
',
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			'id' => '6784',
			'article_category_id' => '1',
			'title' => 'Prabhu Bank Opens Branches in Kailali, Panchthar',
			'sub_title' => '',
			'summary' => 'October 29: Prabhu Bank has opened branches in Kailali and Panchthar districts.',
			'content' => '<p>October 29: Prabhu Bank has opened branches in Kailali and Panchthar districts. The new branches have been set up at Kailali&rsquo;s Bouniya and Panchthar&rsquo;s Fidim, the bank said in a statement. Nepal Rastra Bank, Dhangadi&rsquo;s chief manager Dhananjay Sharma inaugurated the branch in Kailali while Fidim&rsquo;s Mayor Onagaha Nembang inaugurated the branch in Panchthar district.</p>

<p>The bank said it expects to extend its support in development works at the local level with the establishment of the new branches. The bank has a total of 140 branches now.</p>
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			'title' => 'Om Development Bank Organised Blood Donation Camp',
			'sub_title' => '',
			'summary' => 'October 29: Om Development Bank organised a blood donation camp at its head office in Chipledhunga, Pokhara recently. ',
			'content' => '<p>October 29: Om Development Bank organised a blood donation camp at its head office in Chipledhunga, Pokhara recently. The blood donation was organised on the occasion of the bank&rsquo;s 11<sup>th</sup> anniversary. Altogether 101 people donated blood during the programme, informed the bank&rsquo;s CEO Bishwa Mohan Adhikari.</p>
',
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			'created' => '2017-10-29',
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			'description' => '',
			'sortorder' => '6566',
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		'Article' => array(
			'id' => '6782',
			'article_category_id' => '1',
			'title' => 'Sun Nepal Life Insurance Opens its Seventh Branch in Pokhara',
			'sub_title' => '',
			'summary' => 'October 29: Sun Nepal Life Insurance has launched its branch in Pokhara.',
			'content' => '<p>October 29: Sun Nepal Life Insurance has launched its branch in Pokhara.&nbsp; Chiranjivi Chapagain, chairman of Insurance Board, inaugurated the branch amid a function on Friday, October 27. The branch is the seventh branch in Pokhara.</p>

<p>Speaking at the opening ceremony, Chapagain said that there is a need to raise awareness about insurance among the general people. &ldquo;We will also work to keep the syllabus related to insurance in the school-level education,&rdquo; he added.</p>

<p>Similarly, the promoter of the company Kiran KC said that insurance is important for everyone and the company will surely contribute to increasing the access of insurance among the people.</p>

<p>Likewise, Suchitra Thapa, senior advisor to the Lions Club International said that Sun Life Insurance will definitely prove itself better than other insurance companies in Nepal.</p>

<p>&ldquo;The banking and the insurance sector will contribute to creating vibrant economy,&rdquo; shared Jay Sapkota, manager of Machhapuchre Bank.&nbsp;</p>
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			'description' => '',
			'sortorder' => '6565',
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		'Article' => array(
			'id' => '6781',
			'article_category_id' => '1',
			'title' => 'Smart Telecom Rolls Out 4G Service',
			'sub_title' => '',
			'summary' => 'October 29: Smart Telecom, a privately owned telecommunication company, said it has rolled out the fourth generation internet service to its customers.',
			'content' => '<p>October 29: Smart Telecom, a privately owned telecommunication company, said it has rolled out the fourth generation internet service to its customers. With the launch of this service, Smart Telecom has become the third telecom service provider of the country provide the service.</p>

<p>Organizing a press meet in Kathmandu on October 28, Smart Telecom informed that it has rolled out the fourth generation internet service in Kathmandu valley and Pokhara in the first phase.</p>

<p>The company also claimed that its customers can use high-speed internet service compared to other service providers, as the company has allocated more frequency in comparison to other telecommunication companies.</p>

<p>&nbsp;</p>

<p>Speaking at the launching ceremony, Nagendra Das, head of the Commercial Department of Smart Telecom said that the users can enjoy internet with speed of 70 Mbps.</p>

<p>&ldquo;The service we will be providing will have more quality in comparison to other service providers. We have allocated 10 MHz frequency of 1800 MHz band for 4G service,&rdquo; he said.</p>

<p>The company in the second phase plans to expand the service to Nepalgunj, Chitwan and Birgunj. According to the company, this is the soft launch of the service, as it will be providing the full-fledged service within the next two months.</p>

<p>Currently, the company has a total of 1.5 million users which includes both data and voice users. The company is currently providing telecommunication service in 31 districts.</p>

<p>The company said that it has allowed its customers to make call to other network at low rates. Other service providers have been charging higher rates while making call to Smart Telecom network, which has hit our network, claimed the company.</p>

<p>Smart Telecom, which got unified license in 2013, received permission to operate 4G service some five months back.</p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '6780',
			'article_category_id' => '1',
			'title' => 'Experts Stress on Using Inland Waterways in South Asia',
			'sub_title' => '',
			'summary' => 'October 29: Experts have said that the infrastructure works being undertaken to connect inland waterways of India and Bangladesh could not only ease the transport movement between the two countries but also translate into swifter and less expensive freight movement to Nepal and Bhutan.',
			'content' => '<p>October 29: Experts have said that the infrastructure works being undertaken to connect inland waterways of India and Bangladesh could not only ease the transport movement between the two countries but also translate into swifter and less expensive freight movement to Nepal and Bhutan.</p>

<p>&nbsp;Issuing a press statement, South Asia Watch on Trade Economics and Environment (SAWTEE) said that the experts expressed such views during an event organised in Kolkata on October 26-27.</p>

<p>Discussing the viability of inland waterways as an alternate mode of transport connectivity opening up new avenues of livelihood for the affected locals and trade facilitation opportunities in the Bangladesh, Bhutan, India and Nepal (BBIN) region, Jaipur-based civil society organization CUTS International organized a &lsquo;Sub-Regional Dialogue on Inland Waterways&rsquo; under its project titled &lsquo;Expanding Tradable Benefits of Trans-boundary Water: Promoting Navigational Usage of Inland Waterways in Ganga and Brahmaputra Basins&rsquo; on October 26-27 in Kolkata, the statement said.</p>

<p>Aiming to create an alternate policy discourse between policy-makers, civil society and communities for enabling reform measures and better governance of inland waterways and sharing knowledge between governments and civil society on inland waterways, this sub-regional dialogue brought together more than 80 stakeholders from governments, academia, civil society and international organisations from Bangladesh, Bhutan, India, Myanmar and Nepal, according to SAWTEE.&nbsp;</p>

<p>In regard to utilising the opportunities presented by India&#39;s investment in developing its inland waterways for the advantage of Nepal, former commerce secretary of Nepal and trade expert Purushottam Ojha pointed out the need to review the existing Nepal-India Treaty of Transit to include a provision giving Nepal right to use India&#39;s inland waterways for ferrying the cargos coming from or bound to Nepal.</p>

<p>Pravir Pandey, vice chairman of Inland Water Transport Authority of India, Ministry of Shipping, Government of India pointed out that works are underway to encourage the use of multimodal transport service for a portion of cargos bound to Nepal through inland waterways up to Kalu Ghat Terminus from where freight could be transported on trucks to Nepali borders.</p>

<p>Welcoming the participants, Bipul Chatterjee, executive director of CUTS International said that over the last few years this subject has gained better political traction in the region. Development of sustainable and economically viable inland waterways sector in this sub-region can not only contribute towards achieving sustainable development goals through poverty reduction and job creation but also have the potential to make regional cooperation process more inclusive. He emphasized on localisation of civil society discourse for fostering regional cooperation in eastern South Asia.</p>

<p>Sagar Prasai, country representative of The Asia Foundation, New Delhi told the audience that for a long time, South Asian countries have neglected possible tradable benefits of water. &ldquo;Inland waterways navigation at regional level has never come in our discussion despite having historical significance. Land-locked countries can get access to sea by using the existing waterways of neighboring countries and can gain economic benefit of regional connectivity,&rdquo; he said.</p>

<p>Shantanu Mitra, senior climate and environment advisor to DFID Asia Regional Team, British High Commission, New Delhi stressed on the need for regional connectivity through multi-modal means. &ldquo;Ineffective policies and under-developed supply chains are some of the major obstacles in the way of regional cooperation. Thus, regional initiatives like this are particularly important for land-locked countries,&rdquo; he said.</p>

<p>The event was supported by The Asia Foundation under the Civil Society Fund of South Asia Water Governance Programme of the United Kingdom&rsquo;s Department for International Development.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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			'id' => '6779',
			'article_category_id' => '1',
			'title' => 'Suzuki Showroom in Pokhara',
			'sub_title' => '',
			'summary' => 'October 29: VG Automobiles Pvt Ltd, the authorized distributor of Suzuki two wheelers for Nepal, has extended its service in Pokhara with the opening of a showroom in Nayabazar.',
			'content' => '<p>October 29: VG Automobiles Pvt Ltd, the authorized distributor of Suzuki two wheelers for Nepal, has extended its service in Pokhara with the opening of a showroom in Nayabazar.</p>

<p>Himalaya Auto World, which owns the showroom, has been designated the authorised dealer in the region, reads a press statement issued by the company</p>

<p>Dhurba Thapa, proprietor of Himalayan Auto World said, &ldquo;Suzuki is one of the well-known brands throughout the world for its Japanese-built motorcycles and scooters and in respect to the Suzuki Way of Life! We are proud to work with VG Automobiles and ensures to provide service along with best quality and range of product to his fellow customers throughout his beautiful city Pokhara.&rdquo;</p>

<p>Suzuki is one of the leading manufacturers of Japanese bikes in the world and is present in almost every country of the world, reads the press statement.</p>

<p>&ldquo;It has a wide range of products to cater to every customer. The most awarded Suzuki bikes are available in Nepal in most attractive colors and price range. These world-class Japanese two wheelers are available across Nepal through a strong distribution network of VG Automobiles Pvt Ltd. It also has the most efficient aftersales services across the country,&rdquo; the press statement reads.</p>
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			'id' => '6777',
			'article_category_id' => '1',
			'title' => 'IME Life Insurance Opens Branch in Baglung',
			'sub_title' => '',
			'summary' => 'October 27: IME Life Insurance has opened a branch in Baglung. ',
			'content' => '<p>October 27: IME Life Insurance has opened a branch in Baglung. Insurance Borad&rsquo;s Chairman Chiranjivi Chapagain inaugurated the branch amid a function on Wednesday, October 25. IME Group&rsquo;s Chairman and vice president of Federation of Nepalese Chambers of Commerce and Industry Chandra Prasad Dhakal informed that the IME Group has been providing services like remittance, banking, life and non-life insurance, tourism promotion among others. Chairman of IME Life Insurance Ramhari Aryal said that the company plans to expand its branches across the nation&nbsp;</p>
',
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		'Article' => array(
			'id' => '6776',
			'article_category_id' => '1',
			'title' => 'Nepal Cannot Rely on Remittances to Become Middle Income Country: Report',
			'sub_title' => '',
			'summary' => 'October 27: Nepal risks failing to make a jump to the “middle income” status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has warned.',
			'content' => '<p>October 27: Nepal risks failing to make a jump to the &ldquo;middle income&rdquo; status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has warned.</p>

<p>Economists at the two think-tanks have calculated how, based on past growth rates, Nepal is on course to graduate from a low-income country (LIC) to a lower-middle-income country (LMIC) by 2030, reads a statement issued by SAWTEE.</p>

<p>However, this would require the creation of 6.1 million jobs, of which 3.1 million are needed simply to match population growth.</p>

<p>The report, &lsquo;Pathways to prosperity and inclusive job creation in Nepal&rsquo;, details how growth since 2000 has not been based on high-quality jobs. Instead, the lack of good jobs has resulted in young people looking for work overseas. It is estimated that up to 4 million people are working abroad, generating remittances worth more than 30% of the GDP.</p>

<p>Researchers have now urged the government and all political actors to put a long-term plan in place for economic transformation and job creation in four key sectors identified in the report &ndash; agro-processing and light manufacturing; information and communication technology (ICT); tourism; and hydropower.</p>

<p>The ODI-SAWTEE report examines, in detail, what is currently holding the four priority sectors back, from the perspectives of individual firms. Accounting for political instability and the unique circumstance of Nepal&rsquo;s high labour migration, and a resulting over-reliance on remittances, the report finds that there must be urgent action to ensure the target for graduation to LMIC by 2030 stays on track.</p>

<p>The paper also suggests agriculture, forestry and fishing as important sectors due to their major impact on growth and jobs in the past.</p>

<p>The paper argues that by focusing on priority sectors with potential, through targeted policy action and better co-ordination, Nepal can achieve economic transformation. It offers recommendations for five areas for action including around transport and energy, infrastructure, on-the-job and technical training to fill the skills gap, relaxing capital account restrictions, increased advocacy and improved tertiary education.</p>
',
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			'sortorder' => '6559',
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		'Article' => array(
			'id' => '6774',
			'article_category_id' => '1',
			'title' => 'Bajaj Announces Lucky Winner of Dashain and Tihar Scheme',
			'sub_title' => '',
			'summary' => 'October 27: Hansraj Hulaschand & Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme "Bajaj Chha Ni Shaan”.',
			'content' => '<p>October 27: Hansraj Hulaschand &amp; Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme &quot;Bajaj Chha Ni Shaan&rdquo;.</p>

<p>Issuing a press statement on Thursday, October 26, the company said Dola Raj Bhandari of Dhapasi won Rs 600,000 in scratch coupon as a part of the scheme while buying Bajaj bike from HH Bajaj Showroom in Teku, Kathmandu.</p>

<p>During the campaign, the buyers were provided scratch coupon with the purchase of every Bajaj motorbike. They were eligible to win Rs 6,000 up to Rs 600,000 cash instantly.</p>

<p>The company said that the scheme is still underway.&nbsp;</p>
',
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			'modified' => '2017-10-27',
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			'description' => '',
			'sortorder' => '6558',
			'image' => '20171027123321_mnemonic.jpg',
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		'Article' => array(
			'id' => '6775',
			'article_category_id' => '1',
			'title' => 'Well-Facilitated Resort to Open in Muktinath',
			'sub_title' => '',
			'summary' => 'October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang district.',
			'content' => '<p>October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang district.</p>

<p>The resort has been established with an investment of Rs 170 million by Sonam Lama, regional coordinator of Non Resident Nepali Association (NRNA), America. Lama informed that the construction of the main building has been completed and it will come into operation within a year.</p>

<p>The construction of resort started in mid-March and has 20 rooms. Lama said that though the construction of the building has been completed, painting of the building, management of apple orchard, garden and parking site are yet to be completed.</p>

<p>Lama started the business by taking 80 ropanis of land from the locals in lease for 30 years. He said that the construction will take place in two phases. Eighty percent of the work has been completed in the first phase while the remaining 20 percent will be done after the resort comes into operation.</p>

<p>&ldquo;I have introduced a new concept to provide tourists who travel here for religious purpose with good facilities,&rdquo; Lama told New Business Age, adding, &ldquo;The resort will be well facilitated with the availability of rock climbing for tourists.&rdquo;</p>

<p>Lama added that locals will be given priority in terms of employment in the resort. The number of internal as well as Indian tourists travelling to Muktinath has grown significantly after the operation of Beni- Jomsom- Kagbeni road. Influx of tourist from third countries is also high.&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6557',
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			'article_date' => '2017-10-27 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '6773',
			'article_category_id' => '1',
			'title' => '27 Companies Yet to Pay Renewal Fees to NEPSE',
			'sub_title' => '',
			'summary' => 'October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time. ',
			'content' => '<p>October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time. Out of 116 companies listed in NEPSE, trading of 27 companies that are yet to pay the fees has been suspended from October 18.</p>

<p>NEPSE has suspended the companies that were operating but failed to pay the fees till the third week of October. According to officials of NEPSE, trading of such companies will be suspended until they pay the dues.</p>

<p>Many of the companies paid the renewal fee on October 18 after NEPSE suspended their trading that very day.</p>

<p>Meanwhile, Sumitra Manandhar Gurung, CEO of Mahila Sahayatra Micro Finance claimed that the company has already paid the renewal fee but the trading has been suspended without issuing any notice. NEPSE, on the other hand, stated that no amount has been received as renewal fee in the name of the company. According to Securities Exchange Regulation, companies listed in NEPSE should clear their renewal fees by the third week of October every year. &nbsp;</p>

<p>Under the regulation, NEPSE had informed all the listed companies to pay the renewal charge on August 28. Except five companies whose trading was suspended because of merger and acquisition, other 19 companies had not renewed the fees.</p>

<p>As per the Securities Exchange Regulation, 2050, the company having paid-up capital of Rs 10 million, Rs 10 million to Rs 50 million, and Rs 50 million to 100 million, and above Rs 100 million should pay annual renewal fee of Rs 15,000, Rs 25,000, Rs 35,000 and Rs 50,000 respectively.&nbsp; &nbsp;</p>
',
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			'description' => '',
			'sortorder' => '6556',
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		'Article' => array(
			'id' => '6772',
			'article_category_id' => '1',
			'title' => 'Indian Tourists up in Lumbini',
			'sub_title' => '',
			'summary' => 'October 26: The number of Indian tourists visiting Lumbini has increased this year. ',
			'content' => '<p>October 26: The number of Indian tourists visiting Lumbini has increased this year. Records maintained by Lumbini Development Trust show that altogether 6,600 Indian tourists visited the holy place as of September 2017. The number of Indian tourists visiting the place last year was 5,336.</p>

<p>Most of the Indian tourists visited Lumbini by road, informed sources told New Business Age. It is said that some of the Indian tourists return back to their country while others travel to Pokhara or Kathmandu. However, the Department of Customs does not keep any records of tourists visiting Nepal by road.</p>

<p>According to Sagar Adhikari, former chairman of Siddhartha Travel Association Lumbini, the number of tourists visiting Kathmandu and Pokhara has dropped probably because of the poor state of Narayanghat-Mugling road section.</p>

<p>Although Indian as well as inter tourists visiting Lumbini has increased, the number of tourists from third countries has declined. According to Lumbini Development Trust, the arrival of overall tourists has declined by 20 percent in 2017 as compared to the previous year.</p>

<p>&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '6555',
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		'Article' => array(
			'id' => '6771',
			'article_category_id' => '1',
			'title' => 'SC Orders Government to Expedite Electricity Production in Jumla',
			'sub_title' => '',
			'summary' => 'October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled programs.',
			'content' => '<p>October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled programs. &nbsp;A joint bench of justices Om Prakash Mishra and Dambar Bahadur Shahi issued such order in response to a writ petition filed by a former lawmaker representing Jumla district.</p>

<p>The government had pledged to produce 5 megawatts of electricity in Jumla during the budget announcement of 2015/16. Although the government had made such commitment, there was no progress to that end prompting former lawmaker Lalit Jung Shahi to file a writ petition at the Supreme Court.</p>

<p>The writ petition states that the district has generator with a capacity to produce only 250 kilowatts of electricity. The &nbsp;generator set up almost four decades ago is still being used despite its sorry state. Shahi&rsquo;s lawyer Padam Bahadur Shahi said in the petition that the generator cannot produce electricity up to its potential as its has already worn out.</p>

<p>The writ petition further states that the whole Karnali zone has been lagging behind due to the low production of electricity in Jumla.</p>

<p>In response to the court&rsquo;s order, the government wrote to the apex court that it has already completed the survey of Jawa Khola for the production of 5 MW electricity as per its commitment. However, the government has not started the remaining works after completing the survey.</p>

<p>Former lawmaker Shahi said that he had raised the issue at the Parliament time and again but the government turned a deaf ear. He said he was forced to move the court after the government ignored his pleas.&nbsp;</p>
',
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			'sortorder' => '6554',
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		'Article' => array(
			'id' => '6770',
			'article_category_id' => '1',
			'title' => 'Oil Tankers to Undergo Calibration Test in Nepal',
			'sub_title' => '',
			'summary' => 'October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself. ',
			'content' => '<p>October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself. The Nepal Bureau of Standards and Metrology (NBSM) has set up a calibration unit in Hetauda for this purpose.</p>

<p>As the construction of infrastructure has completed, the calibration unit is all set to operate within the next few weeks. According to Bishwa Bahu Pudasaini, director general of NBSM, the construction of calibration unit has completed, and it will start the operation by the end of this month.</p>

<p>&ldquo;Infrastructure like calibration tower and other basic structures have already been completed. A total of around Rs 4.5 million has been invested for this,&rdquo; he said, adding that other infrastructures will be added to the calibration unit with an additional investment of almost Rs 10 million.</p>

<p>Currently, NBSM is working on connecting the calibration unit with basic necessities like water, electricity, among others. The Nepali tankers have been undergoing calibration test at Indian Oil Corporation (IOC) depots.</p>

<p>&ldquo;There were lots of difficulties while doing calibration in India. The tankers will not face any difficulties now,&rdquo; Pudasaini said, adding that all the tests like flow meter, water meter, among others will now be done in Nepal itself.</p>

<p>&nbsp;</p>
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
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		'Article' => array(
			'id' => '6785',
			'article_category_id' => '1',
			'title' => 'Foreign Trade from Birgunj Customs Point Declining',
			'sub_title' => '',
			'summary' => 'October 29: Import and export of goods from Nepal’s major trading point, Birgunj, has been declining annually.',
			'content' => '<p>October 29: Import and export of goods from Nepal&rsquo;s major trading point, Birgunj, has been declining annually. Foreign trade through the customs point was expected to improve after six months of tarai unrest and blockade in 2015. However, the fact is different.&nbsp; The tarai unrest and obstruction of foreign trade are the reasons behind the decreasing trade at the major customs point, according to stakeholders.</p>

<p>According to Sewantak Pokhrel, chief customs officer of Birgunj Customs Office, Birgunj has seen reduction in trade since trading was diverted to other customs points at the time of tarai unrest. In last FY 2016/17, goods amounting to Rs 3.35 billion entered from this trade point. Though the quantity was more compare to the import two years ago, the revenue collection is less.</p>

<p>Import in FY 2014/15 was more than Rs 23 billion.&nbsp;</p>
',
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		'Article' => array(
			'id' => '6784',
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			'title' => 'Prabhu Bank Opens Branches in Kailali, Panchthar',
			'sub_title' => '',
			'summary' => 'October 29: Prabhu Bank has opened branches in Kailali and Panchthar districts.',
			'content' => '<p>October 29: Prabhu Bank has opened branches in Kailali and Panchthar districts. The new branches have been set up at Kailali&rsquo;s Bouniya and Panchthar&rsquo;s Fidim, the bank said in a statement. Nepal Rastra Bank, Dhangadi&rsquo;s chief manager Dhananjay Sharma inaugurated the branch in Kailali while Fidim&rsquo;s Mayor Onagaha Nembang inaugurated the branch in Panchthar district.</p>

<p>The bank said it expects to extend its support in development works at the local level with the establishment of the new branches. The bank has a total of 140 branches now.</p>
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			'sortorder' => '6567',
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			'title' => 'Om Development Bank Organised Blood Donation Camp',
			'sub_title' => '',
			'summary' => 'October 29: Om Development Bank organised a blood donation camp at its head office in Chipledhunga, Pokhara recently. ',
			'content' => '<p>October 29: Om Development Bank organised a blood donation camp at its head office in Chipledhunga, Pokhara recently. The blood donation was organised on the occasion of the bank&rsquo;s 11<sup>th</sup> anniversary. Altogether 101 people donated blood during the programme, informed the bank&rsquo;s CEO Bishwa Mohan Adhikari.</p>
',
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			'created' => '2017-10-29',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6566',
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		'Article' => array(
			'id' => '6782',
			'article_category_id' => '1',
			'title' => 'Sun Nepal Life Insurance Opens its Seventh Branch in Pokhara',
			'sub_title' => '',
			'summary' => 'October 29: Sun Nepal Life Insurance has launched its branch in Pokhara.',
			'content' => '<p>October 29: Sun Nepal Life Insurance has launched its branch in Pokhara.&nbsp; Chiranjivi Chapagain, chairman of Insurance Board, inaugurated the branch amid a function on Friday, October 27. The branch is the seventh branch in Pokhara.</p>

<p>Speaking at the opening ceremony, Chapagain said that there is a need to raise awareness about insurance among the general people. &ldquo;We will also work to keep the syllabus related to insurance in the school-level education,&rdquo; he added.</p>

<p>Similarly, the promoter of the company Kiran KC said that insurance is important for everyone and the company will surely contribute to increasing the access of insurance among the people.</p>

<p>Likewise, Suchitra Thapa, senior advisor to the Lions Club International said that Sun Life Insurance will definitely prove itself better than other insurance companies in Nepal.</p>

<p>&ldquo;The banking and the insurance sector will contribute to creating vibrant economy,&rdquo; shared Jay Sapkota, manager of Machhapuchre Bank.&nbsp;</p>
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			'title' => 'Smart Telecom Rolls Out 4G Service',
			'sub_title' => '',
			'summary' => 'October 29: Smart Telecom, a privately owned telecommunication company, said it has rolled out the fourth generation internet service to its customers.',
			'content' => '<p>October 29: Smart Telecom, a privately owned telecommunication company, said it has rolled out the fourth generation internet service to its customers. With the launch of this service, Smart Telecom has become the third telecom service provider of the country provide the service.</p>

<p>Organizing a press meet in Kathmandu on October 28, Smart Telecom informed that it has rolled out the fourth generation internet service in Kathmandu valley and Pokhara in the first phase.</p>

<p>The company also claimed that its customers can use high-speed internet service compared to other service providers, as the company has allocated more frequency in comparison to other telecommunication companies.</p>

<p>&nbsp;</p>

<p>Speaking at the launching ceremony, Nagendra Das, head of the Commercial Department of Smart Telecom said that the users can enjoy internet with speed of 70 Mbps.</p>

<p>&ldquo;The service we will be providing will have more quality in comparison to other service providers. We have allocated 10 MHz frequency of 1800 MHz band for 4G service,&rdquo; he said.</p>

<p>The company in the second phase plans to expand the service to Nepalgunj, Chitwan and Birgunj. According to the company, this is the soft launch of the service, as it will be providing the full-fledged service within the next two months.</p>

<p>Currently, the company has a total of 1.5 million users which includes both data and voice users. The company is currently providing telecommunication service in 31 districts.</p>

<p>The company said that it has allowed its customers to make call to other network at low rates. Other service providers have been charging higher rates while making call to Smart Telecom network, which has hit our network, claimed the company.</p>

<p>Smart Telecom, which got unified license in 2013, received permission to operate 4G service some five months back.</p>

<p>&nbsp;</p>
',
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	(int) 5 => array(
		'Article' => array(
			'id' => '6780',
			'article_category_id' => '1',
			'title' => 'Experts Stress on Using Inland Waterways in South Asia',
			'sub_title' => '',
			'summary' => 'October 29: Experts have said that the infrastructure works being undertaken to connect inland waterways of India and Bangladesh could not only ease the transport movement between the two countries but also translate into swifter and less expensive freight movement to Nepal and Bhutan.',
			'content' => '<p>October 29: Experts have said that the infrastructure works being undertaken to connect inland waterways of India and Bangladesh could not only ease the transport movement between the two countries but also translate into swifter and less expensive freight movement to Nepal and Bhutan.</p>

<p>&nbsp;Issuing a press statement, South Asia Watch on Trade Economics and Environment (SAWTEE) said that the experts expressed such views during an event organised in Kolkata on October 26-27.</p>

<p>Discussing the viability of inland waterways as an alternate mode of transport connectivity opening up new avenues of livelihood for the affected locals and trade facilitation opportunities in the Bangladesh, Bhutan, India and Nepal (BBIN) region, Jaipur-based civil society organization CUTS International organized a &lsquo;Sub-Regional Dialogue on Inland Waterways&rsquo; under its project titled &lsquo;Expanding Tradable Benefits of Trans-boundary Water: Promoting Navigational Usage of Inland Waterways in Ganga and Brahmaputra Basins&rsquo; on October 26-27 in Kolkata, the statement said.</p>

<p>Aiming to create an alternate policy discourse between policy-makers, civil society and communities for enabling reform measures and better governance of inland waterways and sharing knowledge between governments and civil society on inland waterways, this sub-regional dialogue brought together more than 80 stakeholders from governments, academia, civil society and international organisations from Bangladesh, Bhutan, India, Myanmar and Nepal, according to SAWTEE.&nbsp;</p>

<p>In regard to utilising the opportunities presented by India&#39;s investment in developing its inland waterways for the advantage of Nepal, former commerce secretary of Nepal and trade expert Purushottam Ojha pointed out the need to review the existing Nepal-India Treaty of Transit to include a provision giving Nepal right to use India&#39;s inland waterways for ferrying the cargos coming from or bound to Nepal.</p>

<p>Pravir Pandey, vice chairman of Inland Water Transport Authority of India, Ministry of Shipping, Government of India pointed out that works are underway to encourage the use of multimodal transport service for a portion of cargos bound to Nepal through inland waterways up to Kalu Ghat Terminus from where freight could be transported on trucks to Nepali borders.</p>

<p>Welcoming the participants, Bipul Chatterjee, executive director of CUTS International said that over the last few years this subject has gained better political traction in the region. Development of sustainable and economically viable inland waterways sector in this sub-region can not only contribute towards achieving sustainable development goals through poverty reduction and job creation but also have the potential to make regional cooperation process more inclusive. He emphasized on localisation of civil society discourse for fostering regional cooperation in eastern South Asia.</p>

<p>Sagar Prasai, country representative of The Asia Foundation, New Delhi told the audience that for a long time, South Asian countries have neglected possible tradable benefits of water. &ldquo;Inland waterways navigation at regional level has never come in our discussion despite having historical significance. Land-locked countries can get access to sea by using the existing waterways of neighboring countries and can gain economic benefit of regional connectivity,&rdquo; he said.</p>

<p>Shantanu Mitra, senior climate and environment advisor to DFID Asia Regional Team, British High Commission, New Delhi stressed on the need for regional connectivity through multi-modal means. &ldquo;Ineffective policies and under-developed supply chains are some of the major obstacles in the way of regional cooperation. Thus, regional initiatives like this are particularly important for land-locked countries,&rdquo; he said.</p>

<p>The event was supported by The Asia Foundation under the Civil Society Fund of South Asia Water Governance Programme of the United Kingdom&rsquo;s Department for International Development.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'description' => '',
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	(int) 6 => array(
		'Article' => array(
			'id' => '6779',
			'article_category_id' => '1',
			'title' => 'Suzuki Showroom in Pokhara',
			'sub_title' => '',
			'summary' => 'October 29: VG Automobiles Pvt Ltd, the authorized distributor of Suzuki two wheelers for Nepal, has extended its service in Pokhara with the opening of a showroom in Nayabazar.',
			'content' => '<p>October 29: VG Automobiles Pvt Ltd, the authorized distributor of Suzuki two wheelers for Nepal, has extended its service in Pokhara with the opening of a showroom in Nayabazar.</p>

<p>Himalaya Auto World, which owns the showroom, has been designated the authorised dealer in the region, reads a press statement issued by the company</p>

<p>Dhurba Thapa, proprietor of Himalayan Auto World said, &ldquo;Suzuki is one of the well-known brands throughout the world for its Japanese-built motorcycles and scooters and in respect to the Suzuki Way of Life! We are proud to work with VG Automobiles and ensures to provide service along with best quality and range of product to his fellow customers throughout his beautiful city Pokhara.&rdquo;</p>

<p>Suzuki is one of the leading manufacturers of Japanese bikes in the world and is present in almost every country of the world, reads the press statement.</p>

<p>&ldquo;It has a wide range of products to cater to every customer. The most awarded Suzuki bikes are available in Nepal in most attractive colors and price range. These world-class Japanese two wheelers are available across Nepal through a strong distribution network of VG Automobiles Pvt Ltd. It also has the most efficient aftersales services across the country,&rdquo; the press statement reads.</p>
',
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			'modified' => '2017-10-29',
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			'description' => '',
			'sortorder' => '6562',
			'image' => '20171029104237_images.jpg',
			'article_date' => '2017-10-29 00:00:00',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '6777',
			'article_category_id' => '1',
			'title' => 'IME Life Insurance Opens Branch in Baglung',
			'sub_title' => '',
			'summary' => 'October 27: IME Life Insurance has opened a branch in Baglung. ',
			'content' => '<p>October 27: IME Life Insurance has opened a branch in Baglung. Insurance Borad&rsquo;s Chairman Chiranjivi Chapagain inaugurated the branch amid a function on Wednesday, October 25. IME Group&rsquo;s Chairman and vice president of Federation of Nepalese Chambers of Commerce and Industry Chandra Prasad Dhakal informed that the IME Group has been providing services like remittance, banking, life and non-life insurance, tourism promotion among others. Chairman of IME Life Insurance Ramhari Aryal said that the company plans to expand its branches across the nation&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-27',
			'modified' => '2017-10-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6560',
			'image' => null,
			'article_date' => '2017-10-27 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' => '6776',
			'article_category_id' => '1',
			'title' => 'Nepal Cannot Rely on Remittances to Become Middle Income Country: Report',
			'sub_title' => '',
			'summary' => 'October 27: Nepal risks failing to make a jump to the “middle income” status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has warned.',
			'content' => '<p>October 27: Nepal risks failing to make a jump to the &ldquo;middle income&rdquo; status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has warned.</p>

<p>Economists at the two think-tanks have calculated how, based on past growth rates, Nepal is on course to graduate from a low-income country (LIC) to a lower-middle-income country (LMIC) by 2030, reads a statement issued by SAWTEE.</p>

<p>However, this would require the creation of 6.1 million jobs, of which 3.1 million are needed simply to match population growth.</p>

<p>The report, &lsquo;Pathways to prosperity and inclusive job creation in Nepal&rsquo;, details how growth since 2000 has not been based on high-quality jobs. Instead, the lack of good jobs has resulted in young people looking for work overseas. It is estimated that up to 4 million people are working abroad, generating remittances worth more than 30% of the GDP.</p>

<p>Researchers have now urged the government and all political actors to put a long-term plan in place for economic transformation and job creation in four key sectors identified in the report &ndash; agro-processing and light manufacturing; information and communication technology (ICT); tourism; and hydropower.</p>

<p>The ODI-SAWTEE report examines, in detail, what is currently holding the four priority sectors back, from the perspectives of individual firms. Accounting for political instability and the unique circumstance of Nepal&rsquo;s high labour migration, and a resulting over-reliance on remittances, the report finds that there must be urgent action to ensure the target for graduation to LMIC by 2030 stays on track.</p>

<p>The paper also suggests agriculture, forestry and fishing as important sectors due to their major impact on growth and jobs in the past.</p>

<p>The paper argues that by focusing on priority sectors with potential, through targeted policy action and better co-ordination, Nepal can achieve economic transformation. It offers recommendations for five areas for action including around transport and energy, infrastructure, on-the-job and technical training to fill the skills gap, relaxing capital account restrictions, increased advocacy and improved tertiary education.</p>
',
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			'created' => '2017-10-27',
			'modified' => '2017-10-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6559',
			'image' => null,
			'article_date' => '2017-10-27 00:00:00',
			'homepage' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '6774',
			'article_category_id' => '1',
			'title' => 'Bajaj Announces Lucky Winner of Dashain and Tihar Scheme',
			'sub_title' => '',
			'summary' => 'October 27: Hansraj Hulaschand & Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme "Bajaj Chha Ni Shaan”.',
			'content' => '<p>October 27: Hansraj Hulaschand &amp; Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme &quot;Bajaj Chha Ni Shaan&rdquo;.</p>

<p>Issuing a press statement on Thursday, October 26, the company said Dola Raj Bhandari of Dhapasi won Rs 600,000 in scratch coupon as a part of the scheme while buying Bajaj bike from HH Bajaj Showroom in Teku, Kathmandu.</p>

<p>During the campaign, the buyers were provided scratch coupon with the purchase of every Bajaj motorbike. They were eligible to win Rs 6,000 up to Rs 600,000 cash instantly.</p>

<p>The company said that the scheme is still underway.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-27',
			'modified' => '2017-10-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6558',
			'image' => '20171027123321_mnemonic.jpg',
			'article_date' => '2017-10-27 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '6775',
			'article_category_id' => '1',
			'title' => 'Well-Facilitated Resort to Open in Muktinath',
			'sub_title' => '',
			'summary' => 'October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang district.',
			'content' => '<p>October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang district.</p>

<p>The resort has been established with an investment of Rs 170 million by Sonam Lama, regional coordinator of Non Resident Nepali Association (NRNA), America. Lama informed that the construction of the main building has been completed and it will come into operation within a year.</p>

<p>The construction of resort started in mid-March and has 20 rooms. Lama said that though the construction of the building has been completed, painting of the building, management of apple orchard, garden and parking site are yet to be completed.</p>

<p>Lama started the business by taking 80 ropanis of land from the locals in lease for 30 years. He said that the construction will take place in two phases. Eighty percent of the work has been completed in the first phase while the remaining 20 percent will be done after the resort comes into operation.</p>

<p>&ldquo;I have introduced a new concept to provide tourists who travel here for religious purpose with good facilities,&rdquo; Lama told New Business Age, adding, &ldquo;The resort will be well facilitated with the availability of rock climbing for tourists.&rdquo;</p>

<p>Lama added that locals will be given priority in terms of employment in the resort. The number of internal as well as Indian tourists travelling to Muktinath has grown significantly after the operation of Beni- Jomsom- Kagbeni road. Influx of tourist from third countries is also high.&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-27',
			'modified' => '2017-10-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6557',
			'image' => null,
			'article_date' => '2017-10-27 00:00:00',
			'homepage' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '6773',
			'article_category_id' => '1',
			'title' => '27 Companies Yet to Pay Renewal Fees to NEPSE',
			'sub_title' => '',
			'summary' => 'October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time. ',
			'content' => '<p>October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time. Out of 116 companies listed in NEPSE, trading of 27 companies that are yet to pay the fees has been suspended from October 18.</p>

<p>NEPSE has suspended the companies that were operating but failed to pay the fees till the third week of October. According to officials of NEPSE, trading of such companies will be suspended until they pay the dues.</p>

<p>Many of the companies paid the renewal fee on October 18 after NEPSE suspended their trading that very day.</p>

<p>Meanwhile, Sumitra Manandhar Gurung, CEO of Mahila Sahayatra Micro Finance claimed that the company has already paid the renewal fee but the trading has been suspended without issuing any notice. NEPSE, on the other hand, stated that no amount has been received as renewal fee in the name of the company. According to Securities Exchange Regulation, companies listed in NEPSE should clear their renewal fees by the third week of October every year. &nbsp;</p>

<p>Under the regulation, NEPSE had informed all the listed companies to pay the renewal charge on August 28. Except five companies whose trading was suspended because of merger and acquisition, other 19 companies had not renewed the fees.</p>

<p>As per the Securities Exchange Regulation, 2050, the company having paid-up capital of Rs 10 million, Rs 10 million to Rs 50 million, and Rs 50 million to 100 million, and above Rs 100 million should pay annual renewal fee of Rs 15,000, Rs 25,000, Rs 35,000 and Rs 50,000 respectively.&nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-26',
			'modified' => '2017-10-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6556',
			'image' => null,
			'article_date' => '2017-10-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '6772',
			'article_category_id' => '1',
			'title' => 'Indian Tourists up in Lumbini',
			'sub_title' => '',
			'summary' => 'October 26: The number of Indian tourists visiting Lumbini has increased this year. ',
			'content' => '<p>October 26: The number of Indian tourists visiting Lumbini has increased this year. Records maintained by Lumbini Development Trust show that altogether 6,600 Indian tourists visited the holy place as of September 2017. The number of Indian tourists visiting the place last year was 5,336.</p>

<p>Most of the Indian tourists visited Lumbini by road, informed sources told New Business Age. It is said that some of the Indian tourists return back to their country while others travel to Pokhara or Kathmandu. However, the Department of Customs does not keep any records of tourists visiting Nepal by road.</p>

<p>According to Sagar Adhikari, former chairman of Siddhartha Travel Association Lumbini, the number of tourists visiting Kathmandu and Pokhara has dropped probably because of the poor state of Narayanghat-Mugling road section.</p>

<p>Although Indian as well as inter tourists visiting Lumbini has increased, the number of tourists from third countries has declined. According to Lumbini Development Trust, the arrival of overall tourists has declined by 20 percent in 2017 as compared to the previous year.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-10-26',
			'modified' => '2017-10-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6555',
			'image' => null,
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	(int) 13 => array(
		'Article' => array(
			'id' => '6771',
			'article_category_id' => '1',
			'title' => 'SC Orders Government to Expedite Electricity Production in Jumla',
			'sub_title' => '',
			'summary' => 'October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled programs.',
			'content' => '<p>October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled programs. &nbsp;A joint bench of justices Om Prakash Mishra and Dambar Bahadur Shahi issued such order in response to a writ petition filed by a former lawmaker representing Jumla district.</p>

<p>The government had pledged to produce 5 megawatts of electricity in Jumla during the budget announcement of 2015/16. Although the government had made such commitment, there was no progress to that end prompting former lawmaker Lalit Jung Shahi to file a writ petition at the Supreme Court.</p>

<p>The writ petition states that the district has generator with a capacity to produce only 250 kilowatts of electricity. The &nbsp;generator set up almost four decades ago is still being used despite its sorry state. Shahi&rsquo;s lawyer Padam Bahadur Shahi said in the petition that the generator cannot produce electricity up to its potential as its has already worn out.</p>

<p>The writ petition further states that the whole Karnali zone has been lagging behind due to the low production of electricity in Jumla.</p>

<p>In response to the court&rsquo;s order, the government wrote to the apex court that it has already completed the survey of Jawa Khola for the production of 5 MW electricity as per its commitment. However, the government has not started the remaining works after completing the survey.</p>

<p>Former lawmaker Shahi said that he had raised the issue at the Parliament time and again but the government turned a deaf ear. He said he was forced to move the court after the government ignored his pleas.&nbsp;</p>
',
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			'created' => '2017-10-26',
			'modified' => '2017-10-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6554',
			'image' => null,
			'article_date' => '2017-10-26 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '6770',
			'article_category_id' => '1',
			'title' => 'Oil Tankers to Undergo Calibration Test in Nepal',
			'sub_title' => '',
			'summary' => 'October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself. ',
			'content' => '<p>October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself. The Nepal Bureau of Standards and Metrology (NBSM) has set up a calibration unit in Hetauda for this purpose.</p>

<p>As the construction of infrastructure has completed, the calibration unit is all set to operate within the next few weeks. According to Bishwa Bahu Pudasaini, director general of NBSM, the construction of calibration unit has completed, and it will start the operation by the end of this month.</p>

<p>&ldquo;Infrastructure like calibration tower and other basic structures have already been completed. A total of around Rs 4.5 million has been invested for this,&rdquo; he said, adding that other infrastructures will be added to the calibration unit with an additional investment of almost Rs 10 million.</p>

<p>Currently, NBSM is working on connecting the calibration unit with basic necessities like water, electricity, among others. The Nepali tankers have been undergoing calibration test at Indian Oil Corporation (IOC) depots.</p>

<p>&ldquo;There were lots of difficulties while doing calibration in India. The tankers will not face any difficulties now,&rdquo; Pudasaini said, adding that all the tests like flow meter, water meter, among others will now be done in Nepal itself.</p>

<p>&nbsp;</p>
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Code Context
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			'id' => '6785',
			'article_category_id' => '1',
			'title' => 'Foreign Trade from Birgunj Customs Point Declining',
			'sub_title' => '',
			'summary' => 'October 29: Import and export of goods from Nepal’s major trading point, Birgunj, has been declining annually.',
			'content' => '<p>October 29: Import and export of goods from Nepal&rsquo;s major trading point, Birgunj, has been declining annually. Foreign trade through the customs point was expected to improve after six months of tarai unrest and blockade in 2015. However, the fact is different.&nbsp; The tarai unrest and obstruction of foreign trade are the reasons behind the decreasing trade at the major customs point, according to stakeholders.</p>

<p>According to Sewantak Pokhrel, chief customs officer of Birgunj Customs Office, Birgunj has seen reduction in trade since trading was diverted to other customs points at the time of tarai unrest. In last FY 2016/17, goods amounting to Rs 3.35 billion entered from this trade point. Though the quantity was more compare to the import two years ago, the revenue collection is less.</p>

<p>Import in FY 2014/15 was more than Rs 23 billion.&nbsp;</p>
',
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			'created' => '2017-10-29',
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			'sortorder' => '6568',
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			'id' => '6784',
			'article_category_id' => '1',
			'title' => 'Prabhu Bank Opens Branches in Kailali, Panchthar',
			'sub_title' => '',
			'summary' => 'October 29: Prabhu Bank has opened branches in Kailali and Panchthar districts.',
			'content' => '<p>October 29: Prabhu Bank has opened branches in Kailali and Panchthar districts. The new branches have been set up at Kailali&rsquo;s Bouniya and Panchthar&rsquo;s Fidim, the bank said in a statement. Nepal Rastra Bank, Dhangadi&rsquo;s chief manager Dhananjay Sharma inaugurated the branch in Kailali while Fidim&rsquo;s Mayor Onagaha Nembang inaugurated the branch in Panchthar district.</p>

<p>The bank said it expects to extend its support in development works at the local level with the establishment of the new branches. The bank has a total of 140 branches now.</p>
',
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			'description' => '',
			'sortorder' => '6567',
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			'id' => '6783',
			'article_category_id' => '1',
			'title' => 'Om Development Bank Organised Blood Donation Camp',
			'sub_title' => '',
			'summary' => 'October 29: Om Development Bank organised a blood donation camp at its head office in Chipledhunga, Pokhara recently. ',
			'content' => '<p>October 29: Om Development Bank organised a blood donation camp at its head office in Chipledhunga, Pokhara recently. The blood donation was organised on the occasion of the bank&rsquo;s 11<sup>th</sup> anniversary. Altogether 101 people donated blood during the programme, informed the bank&rsquo;s CEO Bishwa Mohan Adhikari.</p>
',
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			'created' => '2017-10-29',
			'modified' => '2017-10-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6566',
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			'id' => '6782',
			'article_category_id' => '1',
			'title' => 'Sun Nepal Life Insurance Opens its Seventh Branch in Pokhara',
			'sub_title' => '',
			'summary' => 'October 29: Sun Nepal Life Insurance has launched its branch in Pokhara.',
			'content' => '<p>October 29: Sun Nepal Life Insurance has launched its branch in Pokhara.&nbsp; Chiranjivi Chapagain, chairman of Insurance Board, inaugurated the branch amid a function on Friday, October 27. The branch is the seventh branch in Pokhara.</p>

<p>Speaking at the opening ceremony, Chapagain said that there is a need to raise awareness about insurance among the general people. &ldquo;We will also work to keep the syllabus related to insurance in the school-level education,&rdquo; he added.</p>

<p>Similarly, the promoter of the company Kiran KC said that insurance is important for everyone and the company will surely contribute to increasing the access of insurance among the people.</p>

<p>Likewise, Suchitra Thapa, senior advisor to the Lions Club International said that Sun Life Insurance will definitely prove itself better than other insurance companies in Nepal.</p>

<p>&ldquo;The banking and the insurance sector will contribute to creating vibrant economy,&rdquo; shared Jay Sapkota, manager of Machhapuchre Bank.&nbsp;</p>
',
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			'created' => '2017-10-29',
			'modified' => '2017-10-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6565',
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			'article_date' => '2017-10-29 00:00:00',
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		'Article' => array(
			'id' => '6781',
			'article_category_id' => '1',
			'title' => 'Smart Telecom Rolls Out 4G Service',
			'sub_title' => '',
			'summary' => 'October 29: Smart Telecom, a privately owned telecommunication company, said it has rolled out the fourth generation internet service to its customers.',
			'content' => '<p>October 29: Smart Telecom, a privately owned telecommunication company, said it has rolled out the fourth generation internet service to its customers. With the launch of this service, Smart Telecom has become the third telecom service provider of the country provide the service.</p>

<p>Organizing a press meet in Kathmandu on October 28, Smart Telecom informed that it has rolled out the fourth generation internet service in Kathmandu valley and Pokhara in the first phase.</p>

<p>The company also claimed that its customers can use high-speed internet service compared to other service providers, as the company has allocated more frequency in comparison to other telecommunication companies.</p>

<p>&nbsp;</p>

<p>Speaking at the launching ceremony, Nagendra Das, head of the Commercial Department of Smart Telecom said that the users can enjoy internet with speed of 70 Mbps.</p>

<p>&ldquo;The service we will be providing will have more quality in comparison to other service providers. We have allocated 10 MHz frequency of 1800 MHz band for 4G service,&rdquo; he said.</p>

<p>The company in the second phase plans to expand the service to Nepalgunj, Chitwan and Birgunj. According to the company, this is the soft launch of the service, as it will be providing the full-fledged service within the next two months.</p>

<p>Currently, the company has a total of 1.5 million users which includes both data and voice users. The company is currently providing telecommunication service in 31 districts.</p>

<p>The company said that it has allowed its customers to make call to other network at low rates. Other service providers have been charging higher rates while making call to Smart Telecom network, which has hit our network, claimed the company.</p>

<p>Smart Telecom, which got unified license in 2013, received permission to operate 4G service some five months back.</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
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			'sortorder' => '6564',
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		'Article' => array(
			'id' => '6780',
			'article_category_id' => '1',
			'title' => 'Experts Stress on Using Inland Waterways in South Asia',
			'sub_title' => '',
			'summary' => 'October 29: Experts have said that the infrastructure works being undertaken to connect inland waterways of India and Bangladesh could not only ease the transport movement between the two countries but also translate into swifter and less expensive freight movement to Nepal and Bhutan.',
			'content' => '<p>October 29: Experts have said that the infrastructure works being undertaken to connect inland waterways of India and Bangladesh could not only ease the transport movement between the two countries but also translate into swifter and less expensive freight movement to Nepal and Bhutan.</p>

<p>&nbsp;Issuing a press statement, South Asia Watch on Trade Economics and Environment (SAWTEE) said that the experts expressed such views during an event organised in Kolkata on October 26-27.</p>

<p>Discussing the viability of inland waterways as an alternate mode of transport connectivity opening up new avenues of livelihood for the affected locals and trade facilitation opportunities in the Bangladesh, Bhutan, India and Nepal (BBIN) region, Jaipur-based civil society organization CUTS International organized a &lsquo;Sub-Regional Dialogue on Inland Waterways&rsquo; under its project titled &lsquo;Expanding Tradable Benefits of Trans-boundary Water: Promoting Navigational Usage of Inland Waterways in Ganga and Brahmaputra Basins&rsquo; on October 26-27 in Kolkata, the statement said.</p>

<p>Aiming to create an alternate policy discourse between policy-makers, civil society and communities for enabling reform measures and better governance of inland waterways and sharing knowledge between governments and civil society on inland waterways, this sub-regional dialogue brought together more than 80 stakeholders from governments, academia, civil society and international organisations from Bangladesh, Bhutan, India, Myanmar and Nepal, according to SAWTEE.&nbsp;</p>

<p>In regard to utilising the opportunities presented by India&#39;s investment in developing its inland waterways for the advantage of Nepal, former commerce secretary of Nepal and trade expert Purushottam Ojha pointed out the need to review the existing Nepal-India Treaty of Transit to include a provision giving Nepal right to use India&#39;s inland waterways for ferrying the cargos coming from or bound to Nepal.</p>

<p>Pravir Pandey, vice chairman of Inland Water Transport Authority of India, Ministry of Shipping, Government of India pointed out that works are underway to encourage the use of multimodal transport service for a portion of cargos bound to Nepal through inland waterways up to Kalu Ghat Terminus from where freight could be transported on trucks to Nepali borders.</p>

<p>Welcoming the participants, Bipul Chatterjee, executive director of CUTS International said that over the last few years this subject has gained better political traction in the region. Development of sustainable and economically viable inland waterways sector in this sub-region can not only contribute towards achieving sustainable development goals through poverty reduction and job creation but also have the potential to make regional cooperation process more inclusive. He emphasized on localisation of civil society discourse for fostering regional cooperation in eastern South Asia.</p>

<p>Sagar Prasai, country representative of The Asia Foundation, New Delhi told the audience that for a long time, South Asian countries have neglected possible tradable benefits of water. &ldquo;Inland waterways navigation at regional level has never come in our discussion despite having historical significance. Land-locked countries can get access to sea by using the existing waterways of neighboring countries and can gain economic benefit of regional connectivity,&rdquo; he said.</p>

<p>Shantanu Mitra, senior climate and environment advisor to DFID Asia Regional Team, British High Commission, New Delhi stressed on the need for regional connectivity through multi-modal means. &ldquo;Ineffective policies and under-developed supply chains are some of the major obstacles in the way of regional cooperation. Thus, regional initiatives like this are particularly important for land-locked countries,&rdquo; he said.</p>

<p>The event was supported by The Asia Foundation under the Civil Society Fund of South Asia Water Governance Programme of the United Kingdom&rsquo;s Department for International Development.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'sortorder' => '6563',
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		'Article' => array(
			'id' => '6779',
			'article_category_id' => '1',
			'title' => 'Suzuki Showroom in Pokhara',
			'sub_title' => '',
			'summary' => 'October 29: VG Automobiles Pvt Ltd, the authorized distributor of Suzuki two wheelers for Nepal, has extended its service in Pokhara with the opening of a showroom in Nayabazar.',
			'content' => '<p>October 29: VG Automobiles Pvt Ltd, the authorized distributor of Suzuki two wheelers for Nepal, has extended its service in Pokhara with the opening of a showroom in Nayabazar.</p>

<p>Himalaya Auto World, which owns the showroom, has been designated the authorised dealer in the region, reads a press statement issued by the company</p>

<p>Dhurba Thapa, proprietor of Himalayan Auto World said, &ldquo;Suzuki is one of the well-known brands throughout the world for its Japanese-built motorcycles and scooters and in respect to the Suzuki Way of Life! We are proud to work with VG Automobiles and ensures to provide service along with best quality and range of product to his fellow customers throughout his beautiful city Pokhara.&rdquo;</p>

<p>Suzuki is one of the leading manufacturers of Japanese bikes in the world and is present in almost every country of the world, reads the press statement.</p>

<p>&ldquo;It has a wide range of products to cater to every customer. The most awarded Suzuki bikes are available in Nepal in most attractive colors and price range. These world-class Japanese two wheelers are available across Nepal through a strong distribution network of VG Automobiles Pvt Ltd. It also has the most efficient aftersales services across the country,&rdquo; the press statement reads.</p>
',
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			'description' => '',
			'sortorder' => '6562',
			'image' => '20171029104237_images.jpg',
			'article_date' => '2017-10-29 00:00:00',
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		'Article' => array(
			'id' => '6777',
			'article_category_id' => '1',
			'title' => 'IME Life Insurance Opens Branch in Baglung',
			'sub_title' => '',
			'summary' => 'October 27: IME Life Insurance has opened a branch in Baglung. ',
			'content' => '<p>October 27: IME Life Insurance has opened a branch in Baglung. Insurance Borad&rsquo;s Chairman Chiranjivi Chapagain inaugurated the branch amid a function on Wednesday, October 25. IME Group&rsquo;s Chairman and vice president of Federation of Nepalese Chambers of Commerce and Industry Chandra Prasad Dhakal informed that the IME Group has been providing services like remittance, banking, life and non-life insurance, tourism promotion among others. Chairman of IME Life Insurance Ramhari Aryal said that the company plans to expand its branches across the nation&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-27',
			'modified' => '2017-10-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6560',
			'image' => null,
			'article_date' => '2017-10-27 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '6776',
			'article_category_id' => '1',
			'title' => 'Nepal Cannot Rely on Remittances to Become Middle Income Country: Report',
			'sub_title' => '',
			'summary' => 'October 27: Nepal risks failing to make a jump to the “middle income” status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has warned.',
			'content' => '<p>October 27: Nepal risks failing to make a jump to the &ldquo;middle income&rdquo; status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has warned.</p>

<p>Economists at the two think-tanks have calculated how, based on past growth rates, Nepal is on course to graduate from a low-income country (LIC) to a lower-middle-income country (LMIC) by 2030, reads a statement issued by SAWTEE.</p>

<p>However, this would require the creation of 6.1 million jobs, of which 3.1 million are needed simply to match population growth.</p>

<p>The report, &lsquo;Pathways to prosperity and inclusive job creation in Nepal&rsquo;, details how growth since 2000 has not been based on high-quality jobs. Instead, the lack of good jobs has resulted in young people looking for work overseas. It is estimated that up to 4 million people are working abroad, generating remittances worth more than 30% of the GDP.</p>

<p>Researchers have now urged the government and all political actors to put a long-term plan in place for economic transformation and job creation in four key sectors identified in the report &ndash; agro-processing and light manufacturing; information and communication technology (ICT); tourism; and hydropower.</p>

<p>The ODI-SAWTEE report examines, in detail, what is currently holding the four priority sectors back, from the perspectives of individual firms. Accounting for political instability and the unique circumstance of Nepal&rsquo;s high labour migration, and a resulting over-reliance on remittances, the report finds that there must be urgent action to ensure the target for graduation to LMIC by 2030 stays on track.</p>

<p>The paper also suggests agriculture, forestry and fishing as important sectors due to their major impact on growth and jobs in the past.</p>

<p>The paper argues that by focusing on priority sectors with potential, through targeted policy action and better co-ordination, Nepal can achieve economic transformation. It offers recommendations for five areas for action including around transport and energy, infrastructure, on-the-job and technical training to fill the skills gap, relaxing capital account restrictions, increased advocacy and improved tertiary education.</p>
',
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			'created' => '2017-10-27',
			'modified' => '2017-10-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6559',
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		'Article' => array(
			'id' => '6774',
			'article_category_id' => '1',
			'title' => 'Bajaj Announces Lucky Winner of Dashain and Tihar Scheme',
			'sub_title' => '',
			'summary' => 'October 27: Hansraj Hulaschand & Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme "Bajaj Chha Ni Shaan”.',
			'content' => '<p>October 27: Hansraj Hulaschand &amp; Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme &quot;Bajaj Chha Ni Shaan&rdquo;.</p>

<p>Issuing a press statement on Thursday, October 26, the company said Dola Raj Bhandari of Dhapasi won Rs 600,000 in scratch coupon as a part of the scheme while buying Bajaj bike from HH Bajaj Showroom in Teku, Kathmandu.</p>

<p>During the campaign, the buyers were provided scratch coupon with the purchase of every Bajaj motorbike. They were eligible to win Rs 6,000 up to Rs 600,000 cash instantly.</p>

<p>The company said that the scheme is still underway.&nbsp;</p>
',
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			'created' => '2017-10-27',
			'modified' => '2017-10-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6558',
			'image' => '20171027123321_mnemonic.jpg',
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		'Article' => array(
			'id' => '6775',
			'article_category_id' => '1',
			'title' => 'Well-Facilitated Resort to Open in Muktinath',
			'sub_title' => '',
			'summary' => 'October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang district.',
			'content' => '<p>October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang district.</p>

<p>The resort has been established with an investment of Rs 170 million by Sonam Lama, regional coordinator of Non Resident Nepali Association (NRNA), America. Lama informed that the construction of the main building has been completed and it will come into operation within a year.</p>

<p>The construction of resort started in mid-March and has 20 rooms. Lama said that though the construction of the building has been completed, painting of the building, management of apple orchard, garden and parking site are yet to be completed.</p>

<p>Lama started the business by taking 80 ropanis of land from the locals in lease for 30 years. He said that the construction will take place in two phases. Eighty percent of the work has been completed in the first phase while the remaining 20 percent will be done after the resort comes into operation.</p>

<p>&ldquo;I have introduced a new concept to provide tourists who travel here for religious purpose with good facilities,&rdquo; Lama told New Business Age, adding, &ldquo;The resort will be well facilitated with the availability of rock climbing for tourists.&rdquo;</p>

<p>Lama added that locals will be given priority in terms of employment in the resort. The number of internal as well as Indian tourists travelling to Muktinath has grown significantly after the operation of Beni- Jomsom- Kagbeni road. Influx of tourist from third countries is also high.&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6557',
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		'Article' => array(
			'id' => '6773',
			'article_category_id' => '1',
			'title' => '27 Companies Yet to Pay Renewal Fees to NEPSE',
			'sub_title' => '',
			'summary' => 'October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time. ',
			'content' => '<p>October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time. Out of 116 companies listed in NEPSE, trading of 27 companies that are yet to pay the fees has been suspended from October 18.</p>

<p>NEPSE has suspended the companies that were operating but failed to pay the fees till the third week of October. According to officials of NEPSE, trading of such companies will be suspended until they pay the dues.</p>

<p>Many of the companies paid the renewal fee on October 18 after NEPSE suspended their trading that very day.</p>

<p>Meanwhile, Sumitra Manandhar Gurung, CEO of Mahila Sahayatra Micro Finance claimed that the company has already paid the renewal fee but the trading has been suspended without issuing any notice. NEPSE, on the other hand, stated that no amount has been received as renewal fee in the name of the company. According to Securities Exchange Regulation, companies listed in NEPSE should clear their renewal fees by the third week of October every year. &nbsp;</p>

<p>Under the regulation, NEPSE had informed all the listed companies to pay the renewal charge on August 28. Except five companies whose trading was suspended because of merger and acquisition, other 19 companies had not renewed the fees.</p>

<p>As per the Securities Exchange Regulation, 2050, the company having paid-up capital of Rs 10 million, Rs 10 million to Rs 50 million, and Rs 50 million to 100 million, and above Rs 100 million should pay annual renewal fee of Rs 15,000, Rs 25,000, Rs 35,000 and Rs 50,000 respectively.&nbsp; &nbsp;</p>
',
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			'created' => '2017-10-26',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6556',
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			'article_date' => '2017-10-26 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '6772',
			'article_category_id' => '1',
			'title' => 'Indian Tourists up in Lumbini',
			'sub_title' => '',
			'summary' => 'October 26: The number of Indian tourists visiting Lumbini has increased this year. ',
			'content' => '<p>October 26: The number of Indian tourists visiting Lumbini has increased this year. Records maintained by Lumbini Development Trust show that altogether 6,600 Indian tourists visited the holy place as of September 2017. The number of Indian tourists visiting the place last year was 5,336.</p>

<p>Most of the Indian tourists visited Lumbini by road, informed sources told New Business Age. It is said that some of the Indian tourists return back to their country while others travel to Pokhara or Kathmandu. However, the Department of Customs does not keep any records of tourists visiting Nepal by road.</p>

<p>According to Sagar Adhikari, former chairman of Siddhartha Travel Association Lumbini, the number of tourists visiting Kathmandu and Pokhara has dropped probably because of the poor state of Narayanghat-Mugling road section.</p>

<p>Although Indian as well as inter tourists visiting Lumbini has increased, the number of tourists from third countries has declined. According to Lumbini Development Trust, the arrival of overall tourists has declined by 20 percent in 2017 as compared to the previous year.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-10-26',
			'modified' => '2017-10-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6555',
			'image' => null,
			'article_date' => '2017-10-26 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '6771',
			'article_category_id' => '1',
			'title' => 'SC Orders Government to Expedite Electricity Production in Jumla',
			'sub_title' => '',
			'summary' => 'October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled programs.',
			'content' => '<p>October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled programs. &nbsp;A joint bench of justices Om Prakash Mishra and Dambar Bahadur Shahi issued such order in response to a writ petition filed by a former lawmaker representing Jumla district.</p>

<p>The government had pledged to produce 5 megawatts of electricity in Jumla during the budget announcement of 2015/16. Although the government had made such commitment, there was no progress to that end prompting former lawmaker Lalit Jung Shahi to file a writ petition at the Supreme Court.</p>

<p>The writ petition states that the district has generator with a capacity to produce only 250 kilowatts of electricity. The &nbsp;generator set up almost four decades ago is still being used despite its sorry state. Shahi&rsquo;s lawyer Padam Bahadur Shahi said in the petition that the generator cannot produce electricity up to its potential as its has already worn out.</p>

<p>The writ petition further states that the whole Karnali zone has been lagging behind due to the low production of electricity in Jumla.</p>

<p>In response to the court&rsquo;s order, the government wrote to the apex court that it has already completed the survey of Jawa Khola for the production of 5 MW electricity as per its commitment. However, the government has not started the remaining works after completing the survey.</p>

<p>Former lawmaker Shahi said that he had raised the issue at the Parliament time and again but the government turned a deaf ear. He said he was forced to move the court after the government ignored his pleas.&nbsp;</p>
',
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			'created' => '2017-10-26',
			'modified' => '2017-10-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6554',
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			'article_date' => '2017-10-26 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '6770',
			'article_category_id' => '1',
			'title' => 'Oil Tankers to Undergo Calibration Test in Nepal',
			'sub_title' => '',
			'summary' => 'October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself. ',
			'content' => '<p>October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself. The Nepal Bureau of Standards and Metrology (NBSM) has set up a calibration unit in Hetauda for this purpose.</p>

<p>As the construction of infrastructure has completed, the calibration unit is all set to operate within the next few weeks. According to Bishwa Bahu Pudasaini, director general of NBSM, the construction of calibration unit has completed, and it will start the operation by the end of this month.</p>

<p>&ldquo;Infrastructure like calibration tower and other basic structures have already been completed. A total of around Rs 4.5 million has been invested for this,&rdquo; he said, adding that other infrastructures will be added to the calibration unit with an additional investment of almost Rs 10 million.</p>

<p>Currently, NBSM is working on connecting the calibration unit with basic necessities like water, electricity, among others. The Nepali tankers have been undergoing calibration test at Indian Oil Corporation (IOC) depots.</p>

<p>&ldquo;There were lots of difficulties while doing calibration in India. The tankers will not face any difficulties now,&rdquo; Pudasaini said, adding that all the tests like flow meter, water meter, among others will now be done in Nepal itself.</p>

<p>&nbsp;</p>
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			'image' => '20171026114339_20171026065316_Clipboard01.jpg',
			'article_date' => '2017-10-26 00:00:00',
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			'breaking_news' => false,
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