Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '6661',
			'article_category_id' => '1',
			'title' => 'Export of Handicraft Increases by 13 Percent',
			'sub_title' => '',
			'summary' => 'October 8: The export of handcrafts from Nepal has increased in the last fiscal year after a slowdown in 2015/16.',
			'content' => '<p>October 8: The export of handcrafts from Nepal has increased in the last fiscal year after a slowdown in 2015/16. According to the Federation of Handicraft Associations of Nepal (FHAN), the export of handicrafts has gone up by 13 percent in the fiscal year 2016/17 while it was down by 0.48 percent the previous year.</p>

<p>The demand for Nepali handicrafts is high in the international market. Handicrafts worth Rs 4.76 billion were exported in the fiscal year 2015/16. In the last fiscal year, Nepal had exported handicrafts worth Rs 5.39 billion in the last fiscal year, a rise of 13 percent.&nbsp;</p>

<p>Rishi Raj Subedi, deputy director at FHAN, said that the situation of export of handicrafts has seen progress in the last fiscal year in comparison to previous years. &ldquo;The demand of new types of handicrafts like felt crafts, Allo products, metal crafts and crafts from glasses has increased. &nbsp;The export is taking place accordingly,&rdquo; he said, adding, &ldquo;On contrary, the demand for old types of handicrafts like pashmina, silk products, silver products and leather products has gone down.&rdquo;</p>

<p>Twenty five types of handicrafts are exported from Nepal to 60 countries including the United States of America, China, Denmark, France, Germany, Canada, Japan and the Gulf countries. The main market of Nepali handicrafts is the USA, which buys 30 percent of the annual export from Nepal, according to the Federation of Nepalese Chambers of Commerce and Industries (FNCCI).</p>

<p>FHAN Deputy Director Subedi stated that the development and promotion of handicrafts has become challenging. He said poor competition in the market, lack of raw materials and maximum usage of machineries have contributed in failure of maintain the unique identity of the handicraft business resulting in problems in the export.</p>

<p>FHAN accused the government of failing to prioritize the handicraft sector. Traders say that they are facing problems as the government has not allocated budget for this sector.</p>

<p>&ldquo;We receive limited budget which is not sufficient to organizing fairs for promotion. The government provides such budget under the Cottage and Small-Scale &nbsp;Industries,&rdquo; Subedi told New Business Age.</p>

<p>Traders say that they get only 2 percent incentives in export, that too through a complicated process.&nbsp;</p>
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			'id' => '6660',
			'article_category_id' => '1',
			'title' => 'Bajaj RE Self-Employment Rally',
			'sub_title' => '',
			'summary' => 'October 8: Hansraj Hulaschand and Company, the authorised distributor of Bajaj three-wheeler RE, has initiated a self-employment rally along the East-West Highway. ',
			'content' => '<p>October 8: Hansraj Hulaschand and Company, the authorised distributor of Bajaj three-wheeler RE, has initiated a self-employment rally along the East-West Highway. The rally with see the participation of 20 Bajaj RE for 25 days along the highway. The rally will start from Birtamode and conclude at Mahendranagar. The main aim of the rally is to highlight the RE three-wheeler and inform about the self-employment opportunity it provides , the company said in a statement.</p>
',
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			'created' => '2017-10-08',
			'modified' => '2017-10-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6443',
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			'id' => '6659',
			'article_category_id' => '1',
			'title' => 'e-Sewa Gaining Popularity in Terhathum',
			'sub_title' => '',
			'summary' => 'October 8: e-Sewa, which has been providing digital payment service in Nepal, has been gaining popularity in Terhathum district. ',
			'content' => '<p>October 8: e-Sewa, which has been providing digital payment service in Nepal, has been gaining popularity in Terhathum district. The customers of e-Sewa have been steadily rising of late.</p>

<p>Customers have been attracted to this service as it makes transaction fast and easy. Online payment through e-Sewa is available at Terhathum&rsquo;s headquarters Myanglung as well as in Jirikhimti, Basantapur, Lasune and Sankrantibazar.</p>

<p>The district sees transactions worth Rs 3 million per month through e-Sewa, informed Roshan Shreshtha, one of the operators of the service.</p>

<p>&ldquo;The locals have become attracted to e-Sewa. We have customers in towns as well as villages,&rdquo; said Shrestha, who provides online payment service through Roshan Mobile and Gift House.</p>

<p>The locals have been using this service extensively for mobile recharge, payment of telephone bill, internet bill, Dishhome recharge and air ticket booking.</p>

<p>Customers of e-Sewa not only get discount in service but it also saves their time.</p>
',
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			'modified' => '2017-10-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6442',
			'image' => '20171008125658_download (1).jpg',
			'article_date' => '2017-10-08 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6658',
			'article_category_id' => '1',
			'title' => 'Oppo A57 becomes Best-Selling Brand',
			'sub_title' => '',
			'summary' => 'October 8: Oppo A57 and R11 have become the best selling smartphones in the global market. ',
			'content' => '<p>October 8: Oppo A57 and R11 have become the best selling smartphones in the global market. A report published by Counterpoint Research, a market research portal, Oppo was the top-selling brand in the month of July. The A57 phone with tagline &lsquo;unstoppable selfies&rsquo; has a 16 megapixel camera. The price of the phone is fixed at Rs 26,590.</p>
',
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			'created' => '2017-10-08',
			'modified' => '2017-10-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6441',
			'image' => '20171008123334_download.jpg',
			'article_date' => '2017-10-08 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6657',
			'article_category_id' => '1',
			'title' => 'Veteran Journalist Malla Passes Away',
			'sub_title' => '',
			'summary' => 'October 6: Veteran journalist and former administrator Shankar Bahadur Malla passed away on Monday, October 2.',
			'content' => '<p>October 6: Veteran journalist and former administrator Shankar Bahadur (Layal) Malla passed away on Monday, October 2. He was 83. His body has been donated to Kist Medical College as per his wish. Family sources informed that the body has been handed to the Lalitpur-based medical college for practical research purposes in medical studies. His final rites were performed at Pashupati Aryaghat by incarcerating an idol made of &lsquo;kush,&rsquo; a plant considered sacred in Hindu religion, symbolising his physical body.</p>

<p>Malla had donated one of his kidneys while he was still alive. His eyes were also donated after his death. As per his wishes, it was decided to perform Malla&rsquo;s final rites only for five days instead of the usual 13 days.</p>

<p>Malla relieved his widow and son from wearing white dress after his death. He even instructed his family members to donate money to the poor instead of spending it in funeral feast.</p>

<p>Malla is the father of Sayap Ashok Bahadur Malla and father-in-law of Justice Sapana Malla Pradhan. Malla was born on BS 1991, Jestha 29.</p>

<p>Founder of the Nepal Independent Journalists&rsquo; Association, he worked as assistant editor in Samikshya Weekly and also held the posts of Development Officer and Block Development Officer during the Panchayat era. &nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6440',
			'image' => '20171006055610_Shankar Bahadur Malla.jpg',
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '6656',
			'article_category_id' => '1',
			'title' => 'Pokhara Sees Increase in Flow of Internal Tourists',
			'sub_title' => '',
			'summary' => 'October 6: The number of internal tourists visiting Pokhara during holiday of Dashain festival has increased in the recent days.',
			'content' => '<p>October 6: The number of internal tourists visiting Pokhara during holiday of Dashain festival has increased in the recent days. Tourist influx in Pokhara started to rise after Ghatasthapana and the number steadily rose till the full moon day.</p>

<p>Tourism entrepreneurs said that more than 400 hotels are operating in Pokhara at the moment and the number of internal as well as external tourists has increased since the onset of Dashain festival. Govinda Sharma, a tourism entrepreneur, said that more people visit Pokhara during the Dashain and Tihar vacation. According to Sharma, the trend of visiting new places among Nepalis is being gradually developed. The crowd has grown bigger in Pokhara also because of people visiting Mustang, a new destination of internal tourists, according to Sharma. &ldquo;Students have a long vacation during Dashain and Tihar which is appropriate for traveling. As a result, the number has grown in the recent days,&rdquo; Sharma told New Business Age. &ldquo;The influx of tourists has added enthusiasm among tourism entrepreneurs.&rdquo;</p>

<p>Bharat Raj Parajuli, vice president of Pokhara Tourism Council and president Western Region Hotel Association, said that the number of tourists has surged since the beginning of Dashain festival. According to him, the tourism industry has been seeing less flow of foreign tourists while the continuous influx of internal tourists has covered up the loss.</p>

<p>Parajuli informed that the hotels in Pokhara have 70 percent pre-booking during the peak tourism season of October. He informed that during Dashain festival, the occupancy in hotels increased to 80-90 percent. &ldquo;October and November are the main season of tourism and there are signs of improvement in tourism industry this year in comparison to the previous year,&rdquo; he further added. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
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			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6439',
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		'Article' => array(
			'id' => '6655',
			'article_category_id' => '1',
			'title' => 'Insurers Start Flood Victims’ Claims Settlement',
			'sub_title' => ''The claims made by flood victims is more than that made by the earthquake victims'',
			'summary' => 'October 6: Insurance companies of the country have started settling claims made by the victims of last year’s massive floods during monsoon.',
			'content' => '<p>October 6: Insurance companies of the country have started settling claims made by the victims of last year&rsquo;s massive floods during monsoon.</p>

<p>The flood, which destroyed wealth worth millions, had rendered hundreds of people homeless. According to the Insurance Board (IB), a total of 662 flood victims have claimed insurance worth around Rs 2 billion. Of the total claims, insurance companies have distributed insurance payment worth Rs 35.8 million to 23 victims.</p>

<p>According to the IB, insurance companies have started distributing the payment after preliminary investigation on the claims worth around Rs 2.2 billion. According to Raju Raman Poudel, executive director of the IB, the claims made by the flood victims is more than that of the earthquake victims.</p>

<p>&ldquo;The companies have also distributed the claims faster than earlier. The insurance should be made mandatory so that the victims get relief after being hit by the natural calamities,&rdquo; he added.</p>

<p>The insurance companies have distributed the payment after investigating the damages by sending its surveyor to the site. A total of 17 insurance companies had sent the data of damages to the IB by the end of September. As per the data, a total of 303 people have claimed insurance worth Rs 1.31 billion with Agni Insurance. Of the claim, Agni Insurance has distributed around Rs 330 million to 18 flood victims. Likewise, Motor Insurance has received a total of 129 claims, of which it has distributed Rs 161,000 to four flood victims.</p>

<p>Of all the insurance companies, Samudrik Insurance has received the lowest number of claims from 374 victims. Of the total claims, Samudrik Insurance has distributed payment of Rs 2 million to only a single victim.</p>

<p>Similarly, insurance companies have received crop and livestock insurance claims from 77 flood victims. Of the total crop and livestock insurance claims, 28 are for crops and 49 are for livestock. The insurance companies are yet to distribute claims it has received for the damage of crop and livestock.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6438',
			'image' => null,
			'article_date' => '2017-10-06 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '6654',
			'article_category_id' => '1',
			'title' => 'Trade Deficit goes up by 9 Percent in Two Months',
			'sub_title' => '',
			'summary' => 'October 6: Nepal’s trade deficit has been steadily on the rise due to the imbalance in import and export.',
			'content' => '<p>October 6: Nepal&rsquo;s trade deficit has been steadily on the rise due to the imbalance in import and export. Due to the big gap between import and export, Nepal&rsquo;s trade deficit in the first two months of the current fiscal year 2017/18 has surged by 9.71 percent as compared to the corresponding period of last FY, according to statistics maintained by the Department of Customs (DoC).</p>

<p>The total trade deficit in the review period stood at Rs 136 billion in the previous year while it has gone up by 9.71 percent with a total trade deficit of Rs 149 billion in the current fiscal year.</p>

<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>

<p>The data of DoC shows that the export of goods has also gone up in the review period as compared to the same period of last year. The country exported goods worth Rs 13.6 billion in the first two months of the current fiscal year, a rise of 3.83 percent in comparison to the same time period of previous fiscal year. Nepal had imported goods worth Rs 13.1 billion in the first two months of last fiscal year.</p>

<p>Likewise, the total foreign trade in the first two months of last and current fiscal year stood at Rs 163 billion and 177 billion, respectively which is a rise by 8.76 percent.</p>

<p>Experts say that the trade deficit has hampered the productivity of Nepal. They opined that the huge gap between import and export has is a result of imbalance in demand and supply as well as the unsatisfactory production within the country.</p>

<p>Experts state that the spending capacity of &nbsp;Nepalis has been growing annually while the export of goods has been decreasing because of which the state is obliged to import goods that can be produced in Nepal.</p>

<p>Automobile parts, petroleum products, electrical appliances are the major goods imported to Nepal. Purshottam Ojha, a trade expert, said that import of such expensive goods in huge quantity has been contributing in trade deficit. The possibility of curbing trade deficit by increasing production and productivity is very less so the mobilization of natural resources like mines and minerals is a must, he added.&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6437',
			'image' => '20171006020811_Clipboard01.jpg',
			'article_date' => '2017-10-06 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '6653',
			'article_category_id' => '1',
			'title' => 'India Waives GST for Transit Goods from Nepal',
			'sub_title' => '',
			'summary' => 'October 6: The Indian government has decided to waive the goods and service tax (GST) on the commodities Nepal and Bhutan have been supplying to the third countries via its land.',
			'content' => '<p>October 6: The Indian government has decided to waive the goods and service tax (GST) on the commodities Nepal and Bhutan have been supplying to the third countries via its land.</p>

<p>The southern neighbour has amended the provision introduced by its central government. The amendment on the provision means that the Indian government now will not levy any service charge on the transit cargos from Nepal and Bhutan.</p>

<p>Ravi Sainju, joint-secretary at the Ministry of Commerce (MoC), confirmed that the Indian government has waived GST for the transit cargos from Nepal and Bhutan. Despite the announcement, the Nepalese traders should wait further to enjoy GST waiver. Sainju said that the Indian government waived GST after continuous request from the Nepalese side.</p>

<p>&ldquo;The Indian government has waived GST effective from September 29,&rdquo; Sainju said. The Indian side had started to levy GST from&nbsp;January 1.</p>

<p>Nepal has been importing more than 70,000 containers of commodities annually from different countries via India.&nbsp; A source at the MoC said that Nepal has been paying a total of Rs 150,000 per container while importing goods from third countries via India. It is estimated that Nepal will save more than Rs 1 billion annually after GST waiver from India.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6436',
			'image' => null,
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '6652',
			'article_category_id' => '1',
			'title' => 'Wai-Wai Starts Production from Serbia',
			'sub_title' => '',
			'summary' => 'October 6: Chaudhary Group has started commercial production of Wai-Wai noodles in Serbia with an aim of expanding the Nepali brand in the European market. ',
			'content' => '<p>October 6: Chaudhary Group has started commercial production of Wai-Wai noodles in Serbia with an aim of expanding the Nepali brand in the European market. The company has started production from a new plant established at Ruma. The plant was inaugurated by Serbian President Aleksander Vucic amidst a function on Thursday, October 5.</p>

<p>Serbian President, Vucic said that the establishment of Wai-Wai will have positive impact on the economy of Serbia, reads a statement issued by the company.</p>

<p>According to the press statement, the Serbian president said that Wai-Wai has opened employment opportunities in the European nation.</p>

<p>CG Corp Global&rsquo;s Chairman Binod Chaudhary and Managing Director Nirvan Chaudhary were present during the inauguration.</p>

<p>Chairman Chaudhary said that the production of Wai-Wai is a milestone for the company, which seeks to expand its network globally.</p>

<p>Chaudhary further informed that the noodles produced in Serbia would be distributed throughout Europe.</p>

<p>The top posts of the production plant are being handled by four Nepalese nationals while the company has given employment to around 400 Serbians, informed CG.</p>

<p>CG Corp Global&rsquo;s MD Nirvan Chaudhary informed that they decided to establish the plant at Ruma since the place is strategically close to big European markets.</p>

<p>CG Corp Global informed that it has invested in real sector, hospitality, finance, food and beverage, electronics, hydropower, education in 30 countries around the world.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6435',
			'image' => '20171006115516_20171005072949_wai wai.JPG',
			'article_date' => '2017-10-06 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '6651',
			'article_category_id' => '1',
			'title' => 'Udayapur Cement Industries in Trouble due to Irregular Power Supply',
			'sub_title' => '',
			'summary' => 'October 5: The profit of the state-owned Udayapur Cement Industries Limited has declined by Rs 25 million on a weekly basis due to irregular power supply.',
			'content' => '<p>October 5: The profit of the state-owned Udayapur Cement Industries Limited has declined by Rs 25 million on a weekly basis due to irregular power supply.</p>

<p>According to Nabal Kishor Shah, deputy general manager of the company, though Udayapur Cement is still in profit in terms of production and distribution, its profit has been declining as Nepal Electricity Authority (NEA) has not been able to supply electricity to the production plant regularly.</p>

<p>Shah said that it is not possible for the company to earn the same amount of profit that it earned last year due to the short supply of electricity. The company&rsquo;s profit totaled Rs 250 million in the last fiscal year.</p>

<p>&nbsp;&ldquo;NEA had agreed to make power available 24 hours a day. But, the company has not been able to produce as much cement as expected because the NEA has been supplying power not more than 15 hours a day in average,&rdquo; said Shah.</p>

<p>&ldquo;The industry has to bear a loss of Rs 600,000 if the power cut continues for an hour. Such loss ranges from Rs 2.5 million to Rs 3 million on daily basis,&rdquo; he said, adding, &ldquo;Sometimes, power resumes after two minutes while at other times the disruption lasts for two hours.&rdquo;</p>

<p>The industry had been producing 650 tons of cements on a daily basis but with irregularity in power supply, it has been producing only 400 tons of late. Shah said if the power supply does not face any disruption, the industry has a capacity to produce 16,000 sacks of cement every day. The industry operates 20 to 25 days in average in a month.</p>

<p>The irregularity in power supply has causes technical glitch in functioning of an important component of the cement plant. Heating and cooling of the plant causes breakage and failure of the components of the plant, informed an industry source.</p>

<p>Chief of the maintenance and supply department, Mahesh Prasad Kafle, said that it takes 15 days to fix the machine. The industry has to bear a loss of Rs 100 million if the industry shuts down for 15 days.</p>

<p>Kafle said that the regular supply of power ensures production of 35 tons of cement every hour. &ldquo;There is high demand for cement at the moment but we are not able to fulfill it as the company has not been able to produce that quantity because of power disruption.&rdquo; &nbsp;He said there is demand of 15,000 sacks of cement on a daily basis.</p>

<p>The company has been paying twice the regular rate to NEA for uninterryptible power supply during peak hours but the state-owned utility has not fulfilled the agreement. &nbsp;</p>

<p>The time period between 5 pm to 6 am is considered as peak hours. NEA charges Rs 17.50 per unit to such customers through dedicated feeder. The company pays a bill amounting Rs 2 million on a monthly basis. &ldquo;Despite this, the power supply is not regular,&rdquo; Kafle further added. &nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-10-05',
			'modified' => '2017-10-05',
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			'description' => '',
			'sortorder' => '6434',
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	(int) 11 => array(
		'Article' => array(
			'id' => '6650',
			'article_category_id' => '1',
			'title' => 'Full Moon Bungee Jump in Pokhara ',
			'sub_title' => '',
			'summary' => 'Full Moon Bungee Jump in Pokhara Today',
			'content' => '<p>October 5: With an aim of promoting tourism in Pokhara, High Ground Adventures Nepal is organising &lsquo;Full Moon Bungee Jump&rsquo; in Hemja on the occasion of Kojagrat Purnima on Thursday, October 5.</p>

<p>This is the fifth edition of bungee jump organized annually during Dashain, informed the organisers.</p>

<p>The event is aimed at attracting internal and foreign tourists visiting Pokhara on the occasion of Dashain.</p>

<p>According to the organisers, adventurous people can even enjoy the jump till late evening.</p>

<p>The company&rsquo;s chief Dinesh Maharjan informed that the event also aims to promote adventure sports in Nepal.</p>

<p>&ldquo;Bungee jump during night time has added thrill to the event,&rdquo; he said.</p>

<p>The Full Moon Bungee Jump is preceded by a musical event. The main event will be held between 7 pm to 11 pm. A maximum of 90 people will be allowed to take the plunge, informed the company. Nepali nationals have to pay Rs 3,500 while foreigners will be charged Rs USD 68 for the jump.</p>

<p>According to Maharjan, more than 25,000 visitors have enjoyed bungee jump in the last four years. The company has been in operation since 2012. The company claimed that it is the first tower bungee jump of Nepal. People have been taking 70 meters plunge on the bank of Myagdi river from a 45 meter long bridge-shaped tower. &nbsp;</p>
',
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			'created' => '2017-10-05',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6433',
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	(int) 12 => array(
		'Article' => array(
			'id' => '6649',
			'article_category_id' => '1',
			'title' => 'Internal Tourists Surge in Mustang during Dashain',
			'sub_title' => '',
			'summary' => 'October 5: The number of internal tourists visiting Mustang has increased during Dashain. ',
			'content' => '<p>October 5: The number of internal tourists visiting Mustang has increased during Dashain. Hotel&rsquo;s at Beni en route to the district beyond mountains were packed as the visitors utilized their Dashain vacation to make a trip to the mountainous region.</p>

<p>Hotel entrepreneurs said they saw a surge in the number of tourists since the second day of Dashain &lsquo;tika&rsquo;.</p>

<p>Hotel Shikhar&rsquo;s operator Sujan Baruwal said they are having a hard time managing tourists as the number of tourists have exceeded their capacity to accommodate them.</p>

<p>Tourists have started booking hotels of Beni in advance during Dashain.</p>

<p>Hundreds of tourists have been visiting Mustang&rsquo;s famed Muktinath temple and Lo Manthang during Dashain, informed Indra Singh Sherchan, a hotel entrepreneur.</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6432',
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	(int) 13 => array(
		'Article' => array(
			'id' => '6648',
			'article_category_id' => '1',
			'title' => 'SC Halts Attempt of Auditor General’s Office to Raise Additional Customs Duty',
			'sub_title' => '',
			'summary' => 'October 5: The Supreme Court has issued an interim order to the Office of the Auditor General not to implement its decision to seek additional customs duty from the Department of Customs for the time being. ',
			'content' => '<p>October 5: The Supreme Court has issued an interim order to the Office of the Auditor General not to implement its decision to seek additional customs duty from the Department of Customs for the time being. The auditor general&rsquo;s office had written to the customs department to raise additional customs duty from goods imported into the country arguing that the current revenue collection had shown discrepancies. Lawyers privy to the recent development informed New Business Age that the apex court has been time and again issuing interim orders in this regard on nine different writ petitions filed against the move of the Office of the Auditor General.</p>

<p>The Office of the Auditor General had asked the Department of Customs to raise customs duty from different companies stating that there were discrepancies in revenue collected from them. Following the instructions from the auditor general&rsquo;s office, the Department of Customs had written to the concerned companies to pay the customs duty.</p>

<p>The companies had filed separate writ petitions at the Supreme Court arguing that the auditor general&rsquo;s office did not have the rights to set the rate of customs duty.</p>

<p>The companies filing the writ petitions include CG Electronics, Triveni Business Company, Him Electronics, JN Electronics, Vega Digital Electronics among other companies.</p>

<p>The letter sent to the companies by the Department of Customs had asked the companies to pay the customs duty within seven days in cases where there were discrepancies. It had also warned to revoke the license of the companies if they did not comply with its instructions.</p>

<p>The letter stated that the companies were liable to pay 20 percent customs duty as they had only paid other taxes instead of the customs duty.</p>

<p>However, the petitioners claimed that they had cleared all the customs duty under various sub heads but the Office of the Auditor General marked those sub heads as discrepancies.</p>

<p>In the initial hearing, the apex court ruled that the determining the discrepancies of the customs clearance did not fall under the jurisdiction of the Office of the Auditor General.</p>

<p>A single bench of Chief Justice Gopal Prasad Parajuli ruled that there were various levels of mechanisms to solve the disputes related to customs duty between the concerned stakeholders and the Department of Customs, which holds quasi-judicial powers regarding the issues.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6431',
			'image' => null,
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '6647',
			'article_category_id' => '1',
			'title' => 'Nepal Becoming Competitive in Global Market: Report',
			'sub_title' => '',
			'summary' => 'October 5: Nepal’s economy has become competitive in the global market in recent years, states a recent report prepared by World Economic Forum (WEF).',
			'content' => '<p>October 5: Nepal&rsquo;s economy has become competitive in the global market in recent years, states a recent report prepared by World Economic Forum (WEF). According to the report, Nepal&rsquo;s economy has climbed 10 places among the list of competitive nations in world market in the year 2017/18. &nbsp;With four points, Nepal currently stands 88<sup>th</sup> among 137 nations in the rankings published by the WEF.</p>

<p>Last year, Nepal ranked 98<sup>th</sup> among 138 nations with 3.9 points. Just in one year, Nepal progressed in all the sectors in the Global Competitive Index (GCI) to leapfrog ten places in the rankings. However, the report has pointed out political instability as the biggest challenge for Nepal&rsquo;s economy. Another challenge, according to the report, is weak bureaucracy of Nepal.</p>

<p>Although Nepal&rsquo;s politics has been marked by instability and transition, the country&rsquo;s competitiveness in the global market has been steadily rising since 2012/13, the report states. However, Nepal&rsquo;s economy has not made progress as expected due to lack of infrastructure, corruption, access to financing and unstable policy.</p>

<p>As per the GCI, Nepal ranks fourth among the South Asian countries. India, which leads South Asia in the rankings, is 40<sup>th</sup> globally. &nbsp;Bhutan (82<sup>nd</sup>) and Sri Lanka (85<sup>th</sup>) rank second and third among South Asian nations followed by Nepal, Bangladesh (99<sup>th</sup>) and Pakistan (115<sup>th</sup>). &nbsp;</p>
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

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



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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6661',
			'article_category_id' => '1',
			'title' => 'Export of Handicraft Increases by 13 Percent',
			'sub_title' => '',
			'summary' => 'October 8: The export of handcrafts from Nepal has increased in the last fiscal year after a slowdown in 2015/16.',
			'content' => '<p>October 8: The export of handcrafts from Nepal has increased in the last fiscal year after a slowdown in 2015/16. According to the Federation of Handicraft Associations of Nepal (FHAN), the export of handicrafts has gone up by 13 percent in the fiscal year 2016/17 while it was down by 0.48 percent the previous year.</p>

<p>The demand for Nepali handicrafts is high in the international market. Handicrafts worth Rs 4.76 billion were exported in the fiscal year 2015/16. In the last fiscal year, Nepal had exported handicrafts worth Rs 5.39 billion in the last fiscal year, a rise of 13 percent.&nbsp;</p>

<p>Rishi Raj Subedi, deputy director at FHAN, said that the situation of export of handicrafts has seen progress in the last fiscal year in comparison to previous years. &ldquo;The demand of new types of handicrafts like felt crafts, Allo products, metal crafts and crafts from glasses has increased. &nbsp;The export is taking place accordingly,&rdquo; he said, adding, &ldquo;On contrary, the demand for old types of handicrafts like pashmina, silk products, silver products and leather products has gone down.&rdquo;</p>

<p>Twenty five types of handicrafts are exported from Nepal to 60 countries including the United States of America, China, Denmark, France, Germany, Canada, Japan and the Gulf countries. The main market of Nepali handicrafts is the USA, which buys 30 percent of the annual export from Nepal, according to the Federation of Nepalese Chambers of Commerce and Industries (FNCCI).</p>

<p>FHAN Deputy Director Subedi stated that the development and promotion of handicrafts has become challenging. He said poor competition in the market, lack of raw materials and maximum usage of machineries have contributed in failure of maintain the unique identity of the handicraft business resulting in problems in the export.</p>

<p>FHAN accused the government of failing to prioritize the handicraft sector. Traders say that they are facing problems as the government has not allocated budget for this sector.</p>

<p>&ldquo;We receive limited budget which is not sufficient to organizing fairs for promotion. The government provides such budget under the Cottage and Small-Scale &nbsp;Industries,&rdquo; Subedi told New Business Age.</p>

<p>Traders say that they get only 2 percent incentives in export, that too through a complicated process.&nbsp;</p>
',
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			'created' => '2017-10-08',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6444',
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		'Article' => array(
			'id' => '6660',
			'article_category_id' => '1',
			'title' => 'Bajaj RE Self-Employment Rally',
			'sub_title' => '',
			'summary' => 'October 8: Hansraj Hulaschand and Company, the authorised distributor of Bajaj three-wheeler RE, has initiated a self-employment rally along the East-West Highway. ',
			'content' => '<p>October 8: Hansraj Hulaschand and Company, the authorised distributor of Bajaj three-wheeler RE, has initiated a self-employment rally along the East-West Highway. The rally with see the participation of 20 Bajaj RE for 25 days along the highway. The rally will start from Birtamode and conclude at Mahendranagar. The main aim of the rally is to highlight the RE three-wheeler and inform about the self-employment opportunity it provides , the company said in a statement.</p>
',
			'published' => true,
			'created' => '2017-10-08',
			'modified' => '2017-10-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6443',
			'image' => null,
			'article_date' => '2017-10-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 2 => array(
		'Article' => array(
			'id' => '6659',
			'article_category_id' => '1',
			'title' => 'e-Sewa Gaining Popularity in Terhathum',
			'sub_title' => '',
			'summary' => 'October 8: e-Sewa, which has been providing digital payment service in Nepal, has been gaining popularity in Terhathum district. ',
			'content' => '<p>October 8: e-Sewa, which has been providing digital payment service in Nepal, has been gaining popularity in Terhathum district. The customers of e-Sewa have been steadily rising of late.</p>

<p>Customers have been attracted to this service as it makes transaction fast and easy. Online payment through e-Sewa is available at Terhathum&rsquo;s headquarters Myanglung as well as in Jirikhimti, Basantapur, Lasune and Sankrantibazar.</p>

<p>The district sees transactions worth Rs 3 million per month through e-Sewa, informed Roshan Shreshtha, one of the operators of the service.</p>

<p>&ldquo;The locals have become attracted to e-Sewa. We have customers in towns as well as villages,&rdquo; said Shrestha, who provides online payment service through Roshan Mobile and Gift House.</p>

<p>The locals have been using this service extensively for mobile recharge, payment of telephone bill, internet bill, Dishhome recharge and air ticket booking.</p>

<p>Customers of e-Sewa not only get discount in service but it also saves their time.</p>
',
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			'created' => '2017-10-08',
			'modified' => '2017-10-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6442',
			'image' => '20171008125658_download (1).jpg',
			'article_date' => '2017-10-08 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6658',
			'article_category_id' => '1',
			'title' => 'Oppo A57 becomes Best-Selling Brand',
			'sub_title' => '',
			'summary' => 'October 8: Oppo A57 and R11 have become the best selling smartphones in the global market. ',
			'content' => '<p>October 8: Oppo A57 and R11 have become the best selling smartphones in the global market. A report published by Counterpoint Research, a market research portal, Oppo was the top-selling brand in the month of July. The A57 phone with tagline &lsquo;unstoppable selfies&rsquo; has a 16 megapixel camera. The price of the phone is fixed at Rs 26,590.</p>
',
			'published' => true,
			'created' => '2017-10-08',
			'modified' => '2017-10-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6441',
			'image' => '20171008123334_download.jpg',
			'article_date' => '2017-10-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '6657',
			'article_category_id' => '1',
			'title' => 'Veteran Journalist Malla Passes Away',
			'sub_title' => '',
			'summary' => 'October 6: Veteran journalist and former administrator Shankar Bahadur Malla passed away on Monday, October 2.',
			'content' => '<p>October 6: Veteran journalist and former administrator Shankar Bahadur (Layal) Malla passed away on Monday, October 2. He was 83. His body has been donated to Kist Medical College as per his wish. Family sources informed that the body has been handed to the Lalitpur-based medical college for practical research purposes in medical studies. His final rites were performed at Pashupati Aryaghat by incarcerating an idol made of &lsquo;kush,&rsquo; a plant considered sacred in Hindu religion, symbolising his physical body.</p>

<p>Malla had donated one of his kidneys while he was still alive. His eyes were also donated after his death. As per his wishes, it was decided to perform Malla&rsquo;s final rites only for five days instead of the usual 13 days.</p>

<p>Malla relieved his widow and son from wearing white dress after his death. He even instructed his family members to donate money to the poor instead of spending it in funeral feast.</p>

<p>Malla is the father of Sayap Ashok Bahadur Malla and father-in-law of Justice Sapana Malla Pradhan. Malla was born on BS 1991, Jestha 29.</p>

<p>Founder of the Nepal Independent Journalists&rsquo; Association, he worked as assistant editor in Samikshya Weekly and also held the posts of Development Officer and Block Development Officer during the Panchayat era. &nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6440',
			'image' => '20171006055610_Shankar Bahadur Malla.jpg',
			'article_date' => '2017-10-06 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '6656',
			'article_category_id' => '1',
			'title' => 'Pokhara Sees Increase in Flow of Internal Tourists',
			'sub_title' => '',
			'summary' => 'October 6: The number of internal tourists visiting Pokhara during holiday of Dashain festival has increased in the recent days.',
			'content' => '<p>October 6: The number of internal tourists visiting Pokhara during holiday of Dashain festival has increased in the recent days. Tourist influx in Pokhara started to rise after Ghatasthapana and the number steadily rose till the full moon day.</p>

<p>Tourism entrepreneurs said that more than 400 hotels are operating in Pokhara at the moment and the number of internal as well as external tourists has increased since the onset of Dashain festival. Govinda Sharma, a tourism entrepreneur, said that more people visit Pokhara during the Dashain and Tihar vacation. According to Sharma, the trend of visiting new places among Nepalis is being gradually developed. The crowd has grown bigger in Pokhara also because of people visiting Mustang, a new destination of internal tourists, according to Sharma. &ldquo;Students have a long vacation during Dashain and Tihar which is appropriate for traveling. As a result, the number has grown in the recent days,&rdquo; Sharma told New Business Age. &ldquo;The influx of tourists has added enthusiasm among tourism entrepreneurs.&rdquo;</p>

<p>Bharat Raj Parajuli, vice president of Pokhara Tourism Council and president Western Region Hotel Association, said that the number of tourists has surged since the beginning of Dashain festival. According to him, the tourism industry has been seeing less flow of foreign tourists while the continuous influx of internal tourists has covered up the loss.</p>

<p>Parajuli informed that the hotels in Pokhara have 70 percent pre-booking during the peak tourism season of October. He informed that during Dashain festival, the occupancy in hotels increased to 80-90 percent. &ldquo;October and November are the main season of tourism and there are signs of improvement in tourism industry this year in comparison to the previous year,&rdquo; he further added. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6439',
			'image' => null,
			'article_date' => '2017-10-06 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '6655',
			'article_category_id' => '1',
			'title' => 'Insurers Start Flood Victims’ Claims Settlement',
			'sub_title' => ''The claims made by flood victims is more than that made by the earthquake victims'',
			'summary' => 'October 6: Insurance companies of the country have started settling claims made by the victims of last year’s massive floods during monsoon.',
			'content' => '<p>October 6: Insurance companies of the country have started settling claims made by the victims of last year&rsquo;s massive floods during monsoon.</p>

<p>The flood, which destroyed wealth worth millions, had rendered hundreds of people homeless. According to the Insurance Board (IB), a total of 662 flood victims have claimed insurance worth around Rs 2 billion. Of the total claims, insurance companies have distributed insurance payment worth Rs 35.8 million to 23 victims.</p>

<p>According to the IB, insurance companies have started distributing the payment after preliminary investigation on the claims worth around Rs 2.2 billion. According to Raju Raman Poudel, executive director of the IB, the claims made by the flood victims is more than that of the earthquake victims.</p>

<p>&ldquo;The companies have also distributed the claims faster than earlier. The insurance should be made mandatory so that the victims get relief after being hit by the natural calamities,&rdquo; he added.</p>

<p>The insurance companies have distributed the payment after investigating the damages by sending its surveyor to the site. A total of 17 insurance companies had sent the data of damages to the IB by the end of September. As per the data, a total of 303 people have claimed insurance worth Rs 1.31 billion with Agni Insurance. Of the claim, Agni Insurance has distributed around Rs 330 million to 18 flood victims. Likewise, Motor Insurance has received a total of 129 claims, of which it has distributed Rs 161,000 to four flood victims.</p>

<p>Of all the insurance companies, Samudrik Insurance has received the lowest number of claims from 374 victims. Of the total claims, Samudrik Insurance has distributed payment of Rs 2 million to only a single victim.</p>

<p>Similarly, insurance companies have received crop and livestock insurance claims from 77 flood victims. Of the total crop and livestock insurance claims, 28 are for crops and 49 are for livestock. The insurance companies are yet to distribute claims it has received for the damage of crop and livestock.&nbsp;</p>

<p>&nbsp;</p>
',
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			'modified' => '2017-10-06',
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	(int) 7 => array(
		'Article' => array(
			'id' => '6654',
			'article_category_id' => '1',
			'title' => 'Trade Deficit goes up by 9 Percent in Two Months',
			'sub_title' => '',
			'summary' => 'October 6: Nepal’s trade deficit has been steadily on the rise due to the imbalance in import and export.',
			'content' => '<p>October 6: Nepal&rsquo;s trade deficit has been steadily on the rise due to the imbalance in import and export. Due to the big gap between import and export, Nepal&rsquo;s trade deficit in the first two months of the current fiscal year 2017/18 has surged by 9.71 percent as compared to the corresponding period of last FY, according to statistics maintained by the Department of Customs (DoC).</p>

<p>The total trade deficit in the review period stood at Rs 136 billion in the previous year while it has gone up by 9.71 percent with a total trade deficit of Rs 149 billion in the current fiscal year.</p>

<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>

<p>The data of DoC shows that the export of goods has also gone up in the review period as compared to the same period of last year. The country exported goods worth Rs 13.6 billion in the first two months of the current fiscal year, a rise of 3.83 percent in comparison to the same time period of previous fiscal year. Nepal had imported goods worth Rs 13.1 billion in the first two months of last fiscal year.</p>

<p>Likewise, the total foreign trade in the first two months of last and current fiscal year stood at Rs 163 billion and 177 billion, respectively which is a rise by 8.76 percent.</p>

<p>Experts say that the trade deficit has hampered the productivity of Nepal. They opined that the huge gap between import and export has is a result of imbalance in demand and supply as well as the unsatisfactory production within the country.</p>

<p>Experts state that the spending capacity of &nbsp;Nepalis has been growing annually while the export of goods has been decreasing because of which the state is obliged to import goods that can be produced in Nepal.</p>

<p>Automobile parts, petroleum products, electrical appliances are the major goods imported to Nepal. Purshottam Ojha, a trade expert, said that import of such expensive goods in huge quantity has been contributing in trade deficit. The possibility of curbing trade deficit by increasing production and productivity is very less so the mobilization of natural resources like mines and minerals is a must, he added.&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
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			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6437',
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			'article_date' => '2017-10-06 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '6653',
			'article_category_id' => '1',
			'title' => 'India Waives GST for Transit Goods from Nepal',
			'sub_title' => '',
			'summary' => 'October 6: The Indian government has decided to waive the goods and service tax (GST) on the commodities Nepal and Bhutan have been supplying to the third countries via its land.',
			'content' => '<p>October 6: The Indian government has decided to waive the goods and service tax (GST) on the commodities Nepal and Bhutan have been supplying to the third countries via its land.</p>

<p>The southern neighbour has amended the provision introduced by its central government. The amendment on the provision means that the Indian government now will not levy any service charge on the transit cargos from Nepal and Bhutan.</p>

<p>Ravi Sainju, joint-secretary at the Ministry of Commerce (MoC), confirmed that the Indian government has waived GST for the transit cargos from Nepal and Bhutan. Despite the announcement, the Nepalese traders should wait further to enjoy GST waiver. Sainju said that the Indian government waived GST after continuous request from the Nepalese side.</p>

<p>&ldquo;The Indian government has waived GST effective from September 29,&rdquo; Sainju said. The Indian side had started to levy GST from&nbsp;January 1.</p>

<p>Nepal has been importing more than 70,000 containers of commodities annually from different countries via India.&nbsp; A source at the MoC said that Nepal has been paying a total of Rs 150,000 per container while importing goods from third countries via India. It is estimated that Nepal will save more than Rs 1 billion annually after GST waiver from India.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6436',
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	(int) 9 => array(
		'Article' => array(
			'id' => '6652',
			'article_category_id' => '1',
			'title' => 'Wai-Wai Starts Production from Serbia',
			'sub_title' => '',
			'summary' => 'October 6: Chaudhary Group has started commercial production of Wai-Wai noodles in Serbia with an aim of expanding the Nepali brand in the European market. ',
			'content' => '<p>October 6: Chaudhary Group has started commercial production of Wai-Wai noodles in Serbia with an aim of expanding the Nepali brand in the European market. The company has started production from a new plant established at Ruma. The plant was inaugurated by Serbian President Aleksander Vucic amidst a function on Thursday, October 5.</p>

<p>Serbian President, Vucic said that the establishment of Wai-Wai will have positive impact on the economy of Serbia, reads a statement issued by the company.</p>

<p>According to the press statement, the Serbian president said that Wai-Wai has opened employment opportunities in the European nation.</p>

<p>CG Corp Global&rsquo;s Chairman Binod Chaudhary and Managing Director Nirvan Chaudhary were present during the inauguration.</p>

<p>Chairman Chaudhary said that the production of Wai-Wai is a milestone for the company, which seeks to expand its network globally.</p>

<p>Chaudhary further informed that the noodles produced in Serbia would be distributed throughout Europe.</p>

<p>The top posts of the production plant are being handled by four Nepalese nationals while the company has given employment to around 400 Serbians, informed CG.</p>

<p>CG Corp Global&rsquo;s MD Nirvan Chaudhary informed that they decided to establish the plant at Ruma since the place is strategically close to big European markets.</p>

<p>CG Corp Global informed that it has invested in real sector, hospitality, finance, food and beverage, electronics, hydropower, education in 30 countries around the world.</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6435',
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	(int) 10 => array(
		'Article' => array(
			'id' => '6651',
			'article_category_id' => '1',
			'title' => 'Udayapur Cement Industries in Trouble due to Irregular Power Supply',
			'sub_title' => '',
			'summary' => 'October 5: The profit of the state-owned Udayapur Cement Industries Limited has declined by Rs 25 million on a weekly basis due to irregular power supply.',
			'content' => '<p>October 5: The profit of the state-owned Udayapur Cement Industries Limited has declined by Rs 25 million on a weekly basis due to irregular power supply.</p>

<p>According to Nabal Kishor Shah, deputy general manager of the company, though Udayapur Cement is still in profit in terms of production and distribution, its profit has been declining as Nepal Electricity Authority (NEA) has not been able to supply electricity to the production plant regularly.</p>

<p>Shah said that it is not possible for the company to earn the same amount of profit that it earned last year due to the short supply of electricity. The company&rsquo;s profit totaled Rs 250 million in the last fiscal year.</p>

<p>&nbsp;&ldquo;NEA had agreed to make power available 24 hours a day. But, the company has not been able to produce as much cement as expected because the NEA has been supplying power not more than 15 hours a day in average,&rdquo; said Shah.</p>

<p>&ldquo;The industry has to bear a loss of Rs 600,000 if the power cut continues for an hour. Such loss ranges from Rs 2.5 million to Rs 3 million on daily basis,&rdquo; he said, adding, &ldquo;Sometimes, power resumes after two minutes while at other times the disruption lasts for two hours.&rdquo;</p>

<p>The industry had been producing 650 tons of cements on a daily basis but with irregularity in power supply, it has been producing only 400 tons of late. Shah said if the power supply does not face any disruption, the industry has a capacity to produce 16,000 sacks of cement every day. The industry operates 20 to 25 days in average in a month.</p>

<p>The irregularity in power supply has causes technical glitch in functioning of an important component of the cement plant. Heating and cooling of the plant causes breakage and failure of the components of the plant, informed an industry source.</p>

<p>Chief of the maintenance and supply department, Mahesh Prasad Kafle, said that it takes 15 days to fix the machine. The industry has to bear a loss of Rs 100 million if the industry shuts down for 15 days.</p>

<p>Kafle said that the regular supply of power ensures production of 35 tons of cement every hour. &ldquo;There is high demand for cement at the moment but we are not able to fulfill it as the company has not been able to produce that quantity because of power disruption.&rdquo; &nbsp;He said there is demand of 15,000 sacks of cement on a daily basis.</p>

<p>The company has been paying twice the regular rate to NEA for uninterryptible power supply during peak hours but the state-owned utility has not fulfilled the agreement. &nbsp;</p>

<p>The time period between 5 pm to 6 am is considered as peak hours. NEA charges Rs 17.50 per unit to such customers through dedicated feeder. The company pays a bill amounting Rs 2 million on a monthly basis. &ldquo;Despite this, the power supply is not regular,&rdquo; Kafle further added. &nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6434',
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	(int) 11 => array(
		'Article' => array(
			'id' => '6650',
			'article_category_id' => '1',
			'title' => 'Full Moon Bungee Jump in Pokhara ',
			'sub_title' => '',
			'summary' => 'Full Moon Bungee Jump in Pokhara Today',
			'content' => '<p>October 5: With an aim of promoting tourism in Pokhara, High Ground Adventures Nepal is organising &lsquo;Full Moon Bungee Jump&rsquo; in Hemja on the occasion of Kojagrat Purnima on Thursday, October 5.</p>

<p>This is the fifth edition of bungee jump organized annually during Dashain, informed the organisers.</p>

<p>The event is aimed at attracting internal and foreign tourists visiting Pokhara on the occasion of Dashain.</p>

<p>According to the organisers, adventurous people can even enjoy the jump till late evening.</p>

<p>The company&rsquo;s chief Dinesh Maharjan informed that the event also aims to promote adventure sports in Nepal.</p>

<p>&ldquo;Bungee jump during night time has added thrill to the event,&rdquo; he said.</p>

<p>The Full Moon Bungee Jump is preceded by a musical event. The main event will be held between 7 pm to 11 pm. A maximum of 90 people will be allowed to take the plunge, informed the company. Nepali nationals have to pay Rs 3,500 while foreigners will be charged Rs USD 68 for the jump.</p>

<p>According to Maharjan, more than 25,000 visitors have enjoyed bungee jump in the last four years. The company has been in operation since 2012. The company claimed that it is the first tower bungee jump of Nepal. People have been taking 70 meters plunge on the bank of Myagdi river from a 45 meter long bridge-shaped tower. &nbsp;</p>
',
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			'created' => '2017-10-05',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6433',
			'image' => '20171005014245_20171005070606_Clipboard05.jpg',
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	(int) 12 => array(
		'Article' => array(
			'id' => '6649',
			'article_category_id' => '1',
			'title' => 'Internal Tourists Surge in Mustang during Dashain',
			'sub_title' => '',
			'summary' => 'October 5: The number of internal tourists visiting Mustang has increased during Dashain. ',
			'content' => '<p>October 5: The number of internal tourists visiting Mustang has increased during Dashain. Hotel&rsquo;s at Beni en route to the district beyond mountains were packed as the visitors utilized their Dashain vacation to make a trip to the mountainous region.</p>

<p>Hotel entrepreneurs said they saw a surge in the number of tourists since the second day of Dashain &lsquo;tika&rsquo;.</p>

<p>Hotel Shikhar&rsquo;s operator Sujan Baruwal said they are having a hard time managing tourists as the number of tourists have exceeded their capacity to accommodate them.</p>

<p>Tourists have started booking hotels of Beni in advance during Dashain.</p>

<p>Hundreds of tourists have been visiting Mustang&rsquo;s famed Muktinath temple and Lo Manthang during Dashain, informed Indra Singh Sherchan, a hotel entrepreneur.</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6432',
			'image' => '20171005011207_524729_589580234399037_1411735628_n.jpg',
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	(int) 13 => array(
		'Article' => array(
			'id' => '6648',
			'article_category_id' => '1',
			'title' => 'SC Halts Attempt of Auditor General’s Office to Raise Additional Customs Duty',
			'sub_title' => '',
			'summary' => 'October 5: The Supreme Court has issued an interim order to the Office of the Auditor General not to implement its decision to seek additional customs duty from the Department of Customs for the time being. ',
			'content' => '<p>October 5: The Supreme Court has issued an interim order to the Office of the Auditor General not to implement its decision to seek additional customs duty from the Department of Customs for the time being. The auditor general&rsquo;s office had written to the customs department to raise additional customs duty from goods imported into the country arguing that the current revenue collection had shown discrepancies. Lawyers privy to the recent development informed New Business Age that the apex court has been time and again issuing interim orders in this regard on nine different writ petitions filed against the move of the Office of the Auditor General.</p>

<p>The Office of the Auditor General had asked the Department of Customs to raise customs duty from different companies stating that there were discrepancies in revenue collected from them. Following the instructions from the auditor general&rsquo;s office, the Department of Customs had written to the concerned companies to pay the customs duty.</p>

<p>The companies had filed separate writ petitions at the Supreme Court arguing that the auditor general&rsquo;s office did not have the rights to set the rate of customs duty.</p>

<p>The companies filing the writ petitions include CG Electronics, Triveni Business Company, Him Electronics, JN Electronics, Vega Digital Electronics among other companies.</p>

<p>The letter sent to the companies by the Department of Customs had asked the companies to pay the customs duty within seven days in cases where there were discrepancies. It had also warned to revoke the license of the companies if they did not comply with its instructions.</p>

<p>The letter stated that the companies were liable to pay 20 percent customs duty as they had only paid other taxes instead of the customs duty.</p>

<p>However, the petitioners claimed that they had cleared all the customs duty under various sub heads but the Office of the Auditor General marked those sub heads as discrepancies.</p>

<p>In the initial hearing, the apex court ruled that the determining the discrepancies of the customs clearance did not fall under the jurisdiction of the Office of the Auditor General.</p>

<p>A single bench of Chief Justice Gopal Prasad Parajuli ruled that there were various levels of mechanisms to solve the disputes related to customs duty between the concerned stakeholders and the Department of Customs, which holds quasi-judicial powers regarding the issues.&nbsp;</p>
',
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			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6431',
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	(int) 14 => array(
		'Article' => array(
			'id' => '6647',
			'article_category_id' => '1',
			'title' => 'Nepal Becoming Competitive in Global Market: Report',
			'sub_title' => '',
			'summary' => 'October 5: Nepal’s economy has become competitive in the global market in recent years, states a recent report prepared by World Economic Forum (WEF).',
			'content' => '<p>October 5: Nepal&rsquo;s economy has become competitive in the global market in recent years, states a recent report prepared by World Economic Forum (WEF). According to the report, Nepal&rsquo;s economy has climbed 10 places among the list of competitive nations in world market in the year 2017/18. &nbsp;With four points, Nepal currently stands 88<sup>th</sup> among 137 nations in the rankings published by the WEF.</p>

<p>Last year, Nepal ranked 98<sup>th</sup> among 138 nations with 3.9 points. Just in one year, Nepal progressed in all the sectors in the Global Competitive Index (GCI) to leapfrog ten places in the rankings. However, the report has pointed out political instability as the biggest challenge for Nepal&rsquo;s economy. Another challenge, according to the report, is weak bureaucracy of Nepal.</p>

<p>Although Nepal&rsquo;s politics has been marked by instability and transition, the country&rsquo;s competitiveness in the global market has been steadily rising since 2012/13, the report states. However, Nepal&rsquo;s economy has not made progress as expected due to lack of infrastructure, corruption, access to financing and unstable policy.</p>

<p>As per the GCI, Nepal ranks fourth among the South Asian countries. India, which leads South Asia in the rankings, is 40<sup>th</sup> globally. &nbsp;Bhutan (82<sup>nd</sup>) and Sri Lanka (85<sup>th</sup>) rank second and third among South Asian nations followed by Nepal, Bangladesh (99<sup>th</sup>) and Pakistan (115<sup>th</sup>). &nbsp;</p>
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6661',
			'article_category_id' => '1',
			'title' => 'Export of Handicraft Increases by 13 Percent',
			'sub_title' => '',
			'summary' => 'October 8: The export of handcrafts from Nepal has increased in the last fiscal year after a slowdown in 2015/16.',
			'content' => '<p>October 8: The export of handcrafts from Nepal has increased in the last fiscal year after a slowdown in 2015/16. According to the Federation of Handicraft Associations of Nepal (FHAN), the export of handicrafts has gone up by 13 percent in the fiscal year 2016/17 while it was down by 0.48 percent the previous year.</p>

<p>The demand for Nepali handicrafts is high in the international market. Handicrafts worth Rs 4.76 billion were exported in the fiscal year 2015/16. In the last fiscal year, Nepal had exported handicrafts worth Rs 5.39 billion in the last fiscal year, a rise of 13 percent.&nbsp;</p>

<p>Rishi Raj Subedi, deputy director at FHAN, said that the situation of export of handicrafts has seen progress in the last fiscal year in comparison to previous years. &ldquo;The demand of new types of handicrafts like felt crafts, Allo products, metal crafts and crafts from glasses has increased. &nbsp;The export is taking place accordingly,&rdquo; he said, adding, &ldquo;On contrary, the demand for old types of handicrafts like pashmina, silk products, silver products and leather products has gone down.&rdquo;</p>

<p>Twenty five types of handicrafts are exported from Nepal to 60 countries including the United States of America, China, Denmark, France, Germany, Canada, Japan and the Gulf countries. The main market of Nepali handicrafts is the USA, which buys 30 percent of the annual export from Nepal, according to the Federation of Nepalese Chambers of Commerce and Industries (FNCCI).</p>

<p>FHAN Deputy Director Subedi stated that the development and promotion of handicrafts has become challenging. He said poor competition in the market, lack of raw materials and maximum usage of machineries have contributed in failure of maintain the unique identity of the handicraft business resulting in problems in the export.</p>

<p>FHAN accused the government of failing to prioritize the handicraft sector. Traders say that they are facing problems as the government has not allocated budget for this sector.</p>

<p>&ldquo;We receive limited budget which is not sufficient to organizing fairs for promotion. The government provides such budget under the Cottage and Small-Scale &nbsp;Industries,&rdquo; Subedi told New Business Age.</p>

<p>Traders say that they get only 2 percent incentives in export, that too through a complicated process.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-08',
			'modified' => '2017-10-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6444',
			'image' => null,
			'article_date' => '2017-10-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '6660',
			'article_category_id' => '1',
			'title' => 'Bajaj RE Self-Employment Rally',
			'sub_title' => '',
			'summary' => 'October 8: Hansraj Hulaschand and Company, the authorised distributor of Bajaj three-wheeler RE, has initiated a self-employment rally along the East-West Highway. ',
			'content' => '<p>October 8: Hansraj Hulaschand and Company, the authorised distributor of Bajaj three-wheeler RE, has initiated a self-employment rally along the East-West Highway. The rally with see the participation of 20 Bajaj RE for 25 days along the highway. The rally will start from Birtamode and conclude at Mahendranagar. The main aim of the rally is to highlight the RE three-wheeler and inform about the self-employment opportunity it provides , the company said in a statement.</p>
',
			'published' => true,
			'created' => '2017-10-08',
			'modified' => '2017-10-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6443',
			'image' => null,
			'article_date' => '2017-10-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '6659',
			'article_category_id' => '1',
			'title' => 'e-Sewa Gaining Popularity in Terhathum',
			'sub_title' => '',
			'summary' => 'October 8: e-Sewa, which has been providing digital payment service in Nepal, has been gaining popularity in Terhathum district. ',
			'content' => '<p>October 8: e-Sewa, which has been providing digital payment service in Nepal, has been gaining popularity in Terhathum district. The customers of e-Sewa have been steadily rising of late.</p>

<p>Customers have been attracted to this service as it makes transaction fast and easy. Online payment through e-Sewa is available at Terhathum&rsquo;s headquarters Myanglung as well as in Jirikhimti, Basantapur, Lasune and Sankrantibazar.</p>

<p>The district sees transactions worth Rs 3 million per month through e-Sewa, informed Roshan Shreshtha, one of the operators of the service.</p>

<p>&ldquo;The locals have become attracted to e-Sewa. We have customers in towns as well as villages,&rdquo; said Shrestha, who provides online payment service through Roshan Mobile and Gift House.</p>

<p>The locals have been using this service extensively for mobile recharge, payment of telephone bill, internet bill, Dishhome recharge and air ticket booking.</p>

<p>Customers of e-Sewa not only get discount in service but it also saves their time.</p>
',
			'published' => true,
			'created' => '2017-10-08',
			'modified' => '2017-10-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6442',
			'image' => '20171008125658_download (1).jpg',
			'article_date' => '2017-10-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '6658',
			'article_category_id' => '1',
			'title' => 'Oppo A57 becomes Best-Selling Brand',
			'sub_title' => '',
			'summary' => 'October 8: Oppo A57 and R11 have become the best selling smartphones in the global market. ',
			'content' => '<p>October 8: Oppo A57 and R11 have become the best selling smartphones in the global market. A report published by Counterpoint Research, a market research portal, Oppo was the top-selling brand in the month of July. The A57 phone with tagline &lsquo;unstoppable selfies&rsquo; has a 16 megapixel camera. The price of the phone is fixed at Rs 26,590.</p>
',
			'published' => true,
			'created' => '2017-10-08',
			'modified' => '2017-10-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6441',
			'image' => '20171008123334_download.jpg',
			'article_date' => '2017-10-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '6657',
			'article_category_id' => '1',
			'title' => 'Veteran Journalist Malla Passes Away',
			'sub_title' => '',
			'summary' => 'October 6: Veteran journalist and former administrator Shankar Bahadur Malla passed away on Monday, October 2.',
			'content' => '<p>October 6: Veteran journalist and former administrator Shankar Bahadur (Layal) Malla passed away on Monday, October 2. He was 83. His body has been donated to Kist Medical College as per his wish. Family sources informed that the body has been handed to the Lalitpur-based medical college for practical research purposes in medical studies. His final rites were performed at Pashupati Aryaghat by incarcerating an idol made of &lsquo;kush,&rsquo; a plant considered sacred in Hindu religion, symbolising his physical body.</p>

<p>Malla had donated one of his kidneys while he was still alive. His eyes were also donated after his death. As per his wishes, it was decided to perform Malla&rsquo;s final rites only for five days instead of the usual 13 days.</p>

<p>Malla relieved his widow and son from wearing white dress after his death. He even instructed his family members to donate money to the poor instead of spending it in funeral feast.</p>

<p>Malla is the father of Sayap Ashok Bahadur Malla and father-in-law of Justice Sapana Malla Pradhan. Malla was born on BS 1991, Jestha 29.</p>

<p>Founder of the Nepal Independent Journalists&rsquo; Association, he worked as assistant editor in Samikshya Weekly and also held the posts of Development Officer and Block Development Officer during the Panchayat era. &nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6440',
			'image' => '20171006055610_Shankar Bahadur Malla.jpg',
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '6656',
			'article_category_id' => '1',
			'title' => 'Pokhara Sees Increase in Flow of Internal Tourists',
			'sub_title' => '',
			'summary' => 'October 6: The number of internal tourists visiting Pokhara during holiday of Dashain festival has increased in the recent days.',
			'content' => '<p>October 6: The number of internal tourists visiting Pokhara during holiday of Dashain festival has increased in the recent days. Tourist influx in Pokhara started to rise after Ghatasthapana and the number steadily rose till the full moon day.</p>

<p>Tourism entrepreneurs said that more than 400 hotels are operating in Pokhara at the moment and the number of internal as well as external tourists has increased since the onset of Dashain festival. Govinda Sharma, a tourism entrepreneur, said that more people visit Pokhara during the Dashain and Tihar vacation. According to Sharma, the trend of visiting new places among Nepalis is being gradually developed. The crowd has grown bigger in Pokhara also because of people visiting Mustang, a new destination of internal tourists, according to Sharma. &ldquo;Students have a long vacation during Dashain and Tihar which is appropriate for traveling. As a result, the number has grown in the recent days,&rdquo; Sharma told New Business Age. &ldquo;The influx of tourists has added enthusiasm among tourism entrepreneurs.&rdquo;</p>

<p>Bharat Raj Parajuli, vice president of Pokhara Tourism Council and president Western Region Hotel Association, said that the number of tourists has surged since the beginning of Dashain festival. According to him, the tourism industry has been seeing less flow of foreign tourists while the continuous influx of internal tourists has covered up the loss.</p>

<p>Parajuli informed that the hotels in Pokhara have 70 percent pre-booking during the peak tourism season of October. He informed that during Dashain festival, the occupancy in hotels increased to 80-90 percent. &ldquo;October and November are the main season of tourism and there are signs of improvement in tourism industry this year in comparison to the previous year,&rdquo; he further added. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6439',
			'image' => null,
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '6655',
			'article_category_id' => '1',
			'title' => 'Insurers Start Flood Victims’ Claims Settlement',
			'sub_title' => ''The claims made by flood victims is more than that made by the earthquake victims'',
			'summary' => 'October 6: Insurance companies of the country have started settling claims made by the victims of last year’s massive floods during monsoon.',
			'content' => '<p>October 6: Insurance companies of the country have started settling claims made by the victims of last year&rsquo;s massive floods during monsoon.</p>

<p>The flood, which destroyed wealth worth millions, had rendered hundreds of people homeless. According to the Insurance Board (IB), a total of 662 flood victims have claimed insurance worth around Rs 2 billion. Of the total claims, insurance companies have distributed insurance payment worth Rs 35.8 million to 23 victims.</p>

<p>According to the IB, insurance companies have started distributing the payment after preliminary investigation on the claims worth around Rs 2.2 billion. According to Raju Raman Poudel, executive director of the IB, the claims made by the flood victims is more than that of the earthquake victims.</p>

<p>&ldquo;The companies have also distributed the claims faster than earlier. The insurance should be made mandatory so that the victims get relief after being hit by the natural calamities,&rdquo; he added.</p>

<p>The insurance companies have distributed the payment after investigating the damages by sending its surveyor to the site. A total of 17 insurance companies had sent the data of damages to the IB by the end of September. As per the data, a total of 303 people have claimed insurance worth Rs 1.31 billion with Agni Insurance. Of the claim, Agni Insurance has distributed around Rs 330 million to 18 flood victims. Likewise, Motor Insurance has received a total of 129 claims, of which it has distributed Rs 161,000 to four flood victims.</p>

<p>Of all the insurance companies, Samudrik Insurance has received the lowest number of claims from 374 victims. Of the total claims, Samudrik Insurance has distributed payment of Rs 2 million to only a single victim.</p>

<p>Similarly, insurance companies have received crop and livestock insurance claims from 77 flood victims. Of the total crop and livestock insurance claims, 28 are for crops and 49 are for livestock. The insurance companies are yet to distribute claims it has received for the damage of crop and livestock.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6438',
			'image' => null,
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '6654',
			'article_category_id' => '1',
			'title' => 'Trade Deficit goes up by 9 Percent in Two Months',
			'sub_title' => '',
			'summary' => 'October 6: Nepal’s trade deficit has been steadily on the rise due to the imbalance in import and export.',
			'content' => '<p>October 6: Nepal&rsquo;s trade deficit has been steadily on the rise due to the imbalance in import and export. Due to the big gap between import and export, Nepal&rsquo;s trade deficit in the first two months of the current fiscal year 2017/18 has surged by 9.71 percent as compared to the corresponding period of last FY, according to statistics maintained by the Department of Customs (DoC).</p>

<p>The total trade deficit in the review period stood at Rs 136 billion in the previous year while it has gone up by 9.71 percent with a total trade deficit of Rs 149 billion in the current fiscal year.</p>

<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>

<p>The data of DoC shows that the export of goods has also gone up in the review period as compared to the same period of last year. The country exported goods worth Rs 13.6 billion in the first two months of the current fiscal year, a rise of 3.83 percent in comparison to the same time period of previous fiscal year. Nepal had imported goods worth Rs 13.1 billion in the first two months of last fiscal year.</p>

<p>Likewise, the total foreign trade in the first two months of last and current fiscal year stood at Rs 163 billion and 177 billion, respectively which is a rise by 8.76 percent.</p>

<p>Experts say that the trade deficit has hampered the productivity of Nepal. They opined that the huge gap between import and export has is a result of imbalance in demand and supply as well as the unsatisfactory production within the country.</p>

<p>Experts state that the spending capacity of &nbsp;Nepalis has been growing annually while the export of goods has been decreasing because of which the state is obliged to import goods that can be produced in Nepal.</p>

<p>Automobile parts, petroleum products, electrical appliances are the major goods imported to Nepal. Purshottam Ojha, a trade expert, said that import of such expensive goods in huge quantity has been contributing in trade deficit. The possibility of curbing trade deficit by increasing production and productivity is very less so the mobilization of natural resources like mines and minerals is a must, he added.&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6437',
			'image' => '20171006020811_Clipboard01.jpg',
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '6653',
			'article_category_id' => '1',
			'title' => 'India Waives GST for Transit Goods from Nepal',
			'sub_title' => '',
			'summary' => 'October 6: The Indian government has decided to waive the goods and service tax (GST) on the commodities Nepal and Bhutan have been supplying to the third countries via its land.',
			'content' => '<p>October 6: The Indian government has decided to waive the goods and service tax (GST) on the commodities Nepal and Bhutan have been supplying to the third countries via its land.</p>

<p>The southern neighbour has amended the provision introduced by its central government. The amendment on the provision means that the Indian government now will not levy any service charge on the transit cargos from Nepal and Bhutan.</p>

<p>Ravi Sainju, joint-secretary at the Ministry of Commerce (MoC), confirmed that the Indian government has waived GST for the transit cargos from Nepal and Bhutan. Despite the announcement, the Nepalese traders should wait further to enjoy GST waiver. Sainju said that the Indian government waived GST after continuous request from the Nepalese side.</p>

<p>&ldquo;The Indian government has waived GST effective from September 29,&rdquo; Sainju said. The Indian side had started to levy GST from&nbsp;January 1.</p>

<p>Nepal has been importing more than 70,000 containers of commodities annually from different countries via India.&nbsp; A source at the MoC said that Nepal has been paying a total of Rs 150,000 per container while importing goods from third countries via India. It is estimated that Nepal will save more than Rs 1 billion annually after GST waiver from India.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6436',
			'image' => null,
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '6652',
			'article_category_id' => '1',
			'title' => 'Wai-Wai Starts Production from Serbia',
			'sub_title' => '',
			'summary' => 'October 6: Chaudhary Group has started commercial production of Wai-Wai noodles in Serbia with an aim of expanding the Nepali brand in the European market. ',
			'content' => '<p>October 6: Chaudhary Group has started commercial production of Wai-Wai noodles in Serbia with an aim of expanding the Nepali brand in the European market. The company has started production from a new plant established at Ruma. The plant was inaugurated by Serbian President Aleksander Vucic amidst a function on Thursday, October 5.</p>

<p>Serbian President, Vucic said that the establishment of Wai-Wai will have positive impact on the economy of Serbia, reads a statement issued by the company.</p>

<p>According to the press statement, the Serbian president said that Wai-Wai has opened employment opportunities in the European nation.</p>

<p>CG Corp Global&rsquo;s Chairman Binod Chaudhary and Managing Director Nirvan Chaudhary were present during the inauguration.</p>

<p>Chairman Chaudhary said that the production of Wai-Wai is a milestone for the company, which seeks to expand its network globally.</p>

<p>Chaudhary further informed that the noodles produced in Serbia would be distributed throughout Europe.</p>

<p>The top posts of the production plant are being handled by four Nepalese nationals while the company has given employment to around 400 Serbians, informed CG.</p>

<p>CG Corp Global&rsquo;s MD Nirvan Chaudhary informed that they decided to establish the plant at Ruma since the place is strategically close to big European markets.</p>

<p>CG Corp Global informed that it has invested in real sector, hospitality, finance, food and beverage, electronics, hydropower, education in 30 countries around the world.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6435',
			'image' => '20171006115516_20171005072949_wai wai.JPG',
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
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			'main_news' => true,
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	(int) 10 => array(
		'Article' => array(
			'id' => '6651',
			'article_category_id' => '1',
			'title' => 'Udayapur Cement Industries in Trouble due to Irregular Power Supply',
			'sub_title' => '',
			'summary' => 'October 5: The profit of the state-owned Udayapur Cement Industries Limited has declined by Rs 25 million on a weekly basis due to irregular power supply.',
			'content' => '<p>October 5: The profit of the state-owned Udayapur Cement Industries Limited has declined by Rs 25 million on a weekly basis due to irregular power supply.</p>

<p>According to Nabal Kishor Shah, deputy general manager of the company, though Udayapur Cement is still in profit in terms of production and distribution, its profit has been declining as Nepal Electricity Authority (NEA) has not been able to supply electricity to the production plant regularly.</p>

<p>Shah said that it is not possible for the company to earn the same amount of profit that it earned last year due to the short supply of electricity. The company&rsquo;s profit totaled Rs 250 million in the last fiscal year.</p>

<p>&nbsp;&ldquo;NEA had agreed to make power available 24 hours a day. But, the company has not been able to produce as much cement as expected because the NEA has been supplying power not more than 15 hours a day in average,&rdquo; said Shah.</p>

<p>&ldquo;The industry has to bear a loss of Rs 600,000 if the power cut continues for an hour. Such loss ranges from Rs 2.5 million to Rs 3 million on daily basis,&rdquo; he said, adding, &ldquo;Sometimes, power resumes after two minutes while at other times the disruption lasts for two hours.&rdquo;</p>

<p>The industry had been producing 650 tons of cements on a daily basis but with irregularity in power supply, it has been producing only 400 tons of late. Shah said if the power supply does not face any disruption, the industry has a capacity to produce 16,000 sacks of cement every day. The industry operates 20 to 25 days in average in a month.</p>

<p>The irregularity in power supply has causes technical glitch in functioning of an important component of the cement plant. Heating and cooling of the plant causes breakage and failure of the components of the plant, informed an industry source.</p>

<p>Chief of the maintenance and supply department, Mahesh Prasad Kafle, said that it takes 15 days to fix the machine. The industry has to bear a loss of Rs 100 million if the industry shuts down for 15 days.</p>

<p>Kafle said that the regular supply of power ensures production of 35 tons of cement every hour. &ldquo;There is high demand for cement at the moment but we are not able to fulfill it as the company has not been able to produce that quantity because of power disruption.&rdquo; &nbsp;He said there is demand of 15,000 sacks of cement on a daily basis.</p>

<p>The company has been paying twice the regular rate to NEA for uninterryptible power supply during peak hours but the state-owned utility has not fulfilled the agreement. &nbsp;</p>

<p>The time period between 5 pm to 6 am is considered as peak hours. NEA charges Rs 17.50 per unit to such customers through dedicated feeder. The company pays a bill amounting Rs 2 million on a monthly basis. &ldquo;Despite this, the power supply is not regular,&rdquo; Kafle further added. &nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6434',
			'image' => null,
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '6650',
			'article_category_id' => '1',
			'title' => 'Full Moon Bungee Jump in Pokhara ',
			'sub_title' => '',
			'summary' => 'Full Moon Bungee Jump in Pokhara Today',
			'content' => '<p>October 5: With an aim of promoting tourism in Pokhara, High Ground Adventures Nepal is organising &lsquo;Full Moon Bungee Jump&rsquo; in Hemja on the occasion of Kojagrat Purnima on Thursday, October 5.</p>

<p>This is the fifth edition of bungee jump organized annually during Dashain, informed the organisers.</p>

<p>The event is aimed at attracting internal and foreign tourists visiting Pokhara on the occasion of Dashain.</p>

<p>According to the organisers, adventurous people can even enjoy the jump till late evening.</p>

<p>The company&rsquo;s chief Dinesh Maharjan informed that the event also aims to promote adventure sports in Nepal.</p>

<p>&ldquo;Bungee jump during night time has added thrill to the event,&rdquo; he said.</p>

<p>The Full Moon Bungee Jump is preceded by a musical event. The main event will be held between 7 pm to 11 pm. A maximum of 90 people will be allowed to take the plunge, informed the company. Nepali nationals have to pay Rs 3,500 while foreigners will be charged Rs USD 68 for the jump.</p>

<p>According to Maharjan, more than 25,000 visitors have enjoyed bungee jump in the last four years. The company has been in operation since 2012. The company claimed that it is the first tower bungee jump of Nepal. People have been taking 70 meters plunge on the bank of Myagdi river from a 45 meter long bridge-shaped tower. &nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6433',
			'image' => '20171005014245_20171005070606_Clipboard05.jpg',
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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		'Article' => array(
			'id' => '6649',
			'article_category_id' => '1',
			'title' => 'Internal Tourists Surge in Mustang during Dashain',
			'sub_title' => '',
			'summary' => 'October 5: The number of internal tourists visiting Mustang has increased during Dashain. ',
			'content' => '<p>October 5: The number of internal tourists visiting Mustang has increased during Dashain. Hotel&rsquo;s at Beni en route to the district beyond mountains were packed as the visitors utilized their Dashain vacation to make a trip to the mountainous region.</p>

<p>Hotel entrepreneurs said they saw a surge in the number of tourists since the second day of Dashain &lsquo;tika&rsquo;.</p>

<p>Hotel Shikhar&rsquo;s operator Sujan Baruwal said they are having a hard time managing tourists as the number of tourists have exceeded their capacity to accommodate them.</p>

<p>Tourists have started booking hotels of Beni in advance during Dashain.</p>

<p>Hundreds of tourists have been visiting Mustang&rsquo;s famed Muktinath temple and Lo Manthang during Dashain, informed Indra Singh Sherchan, a hotel entrepreneur.</p>
',
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			'created' => '2017-10-05',
			'modified' => '2017-10-05',
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	(int) 13 => array(
		'Article' => array(
			'id' => '6648',
			'article_category_id' => '1',
			'title' => 'SC Halts Attempt of Auditor General’s Office to Raise Additional Customs Duty',
			'sub_title' => '',
			'summary' => 'October 5: The Supreme Court has issued an interim order to the Office of the Auditor General not to implement its decision to seek additional customs duty from the Department of Customs for the time being. ',
			'content' => '<p>October 5: The Supreme Court has issued an interim order to the Office of the Auditor General not to implement its decision to seek additional customs duty from the Department of Customs for the time being. The auditor general&rsquo;s office had written to the customs department to raise additional customs duty from goods imported into the country arguing that the current revenue collection had shown discrepancies. Lawyers privy to the recent development informed New Business Age that the apex court has been time and again issuing interim orders in this regard on nine different writ petitions filed against the move of the Office of the Auditor General.</p>

<p>The Office of the Auditor General had asked the Department of Customs to raise customs duty from different companies stating that there were discrepancies in revenue collected from them. Following the instructions from the auditor general&rsquo;s office, the Department of Customs had written to the concerned companies to pay the customs duty.</p>

<p>The companies had filed separate writ petitions at the Supreme Court arguing that the auditor general&rsquo;s office did not have the rights to set the rate of customs duty.</p>

<p>The companies filing the writ petitions include CG Electronics, Triveni Business Company, Him Electronics, JN Electronics, Vega Digital Electronics among other companies.</p>

<p>The letter sent to the companies by the Department of Customs had asked the companies to pay the customs duty within seven days in cases where there were discrepancies. It had also warned to revoke the license of the companies if they did not comply with its instructions.</p>

<p>The letter stated that the companies were liable to pay 20 percent customs duty as they had only paid other taxes instead of the customs duty.</p>

<p>However, the petitioners claimed that they had cleared all the customs duty under various sub heads but the Office of the Auditor General marked those sub heads as discrepancies.</p>

<p>In the initial hearing, the apex court ruled that the determining the discrepancies of the customs clearance did not fall under the jurisdiction of the Office of the Auditor General.</p>

<p>A single bench of Chief Justice Gopal Prasad Parajuli ruled that there were various levels of mechanisms to solve the disputes related to customs duty between the concerned stakeholders and the Department of Customs, which holds quasi-judicial powers regarding the issues.&nbsp;</p>
',
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			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6431',
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			'article_date' => '2017-10-05 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '6647',
			'article_category_id' => '1',
			'title' => 'Nepal Becoming Competitive in Global Market: Report',
			'sub_title' => '',
			'summary' => 'October 5: Nepal’s economy has become competitive in the global market in recent years, states a recent report prepared by World Economic Forum (WEF).',
			'content' => '<p>October 5: Nepal&rsquo;s economy has become competitive in the global market in recent years, states a recent report prepared by World Economic Forum (WEF). According to the report, Nepal&rsquo;s economy has climbed 10 places among the list of competitive nations in world market in the year 2017/18. &nbsp;With four points, Nepal currently stands 88<sup>th</sup> among 137 nations in the rankings published by the WEF.</p>

<p>Last year, Nepal ranked 98<sup>th</sup> among 138 nations with 3.9 points. Just in one year, Nepal progressed in all the sectors in the Global Competitive Index (GCI) to leapfrog ten places in the rankings. However, the report has pointed out political instability as the biggest challenge for Nepal&rsquo;s economy. Another challenge, according to the report, is weak bureaucracy of Nepal.</p>

<p>Although Nepal&rsquo;s politics has been marked by instability and transition, the country&rsquo;s competitiveness in the global market has been steadily rising since 2012/13, the report states. However, Nepal&rsquo;s economy has not made progress as expected due to lack of infrastructure, corruption, access to financing and unstable policy.</p>

<p>As per the GCI, Nepal ranks fourth among the South Asian countries. India, which leads South Asia in the rankings, is 40<sup>th</sup> globally. &nbsp;Bhutan (82<sup>nd</sup>) and Sri Lanka (85<sup>th</sup>) rank second and third among South Asian nations followed by Nepal, Bangladesh (99<sup>th</sup>) and Pakistan (115<sup>th</sup>). &nbsp;</p>
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6661',
			'article_category_id' => '1',
			'title' => 'Export of Handicraft Increases by 13 Percent',
			'sub_title' => '',
			'summary' => 'October 8: The export of handcrafts from Nepal has increased in the last fiscal year after a slowdown in 2015/16.',
			'content' => '<p>October 8: The export of handcrafts from Nepal has increased in the last fiscal year after a slowdown in 2015/16. According to the Federation of Handicraft Associations of Nepal (FHAN), the export of handicrafts has gone up by 13 percent in the fiscal year 2016/17 while it was down by 0.48 percent the previous year.</p>

<p>The demand for Nepali handicrafts is high in the international market. Handicrafts worth Rs 4.76 billion were exported in the fiscal year 2015/16. In the last fiscal year, Nepal had exported handicrafts worth Rs 5.39 billion in the last fiscal year, a rise of 13 percent.&nbsp;</p>

<p>Rishi Raj Subedi, deputy director at FHAN, said that the situation of export of handicrafts has seen progress in the last fiscal year in comparison to previous years. &ldquo;The demand of new types of handicrafts like felt crafts, Allo products, metal crafts and crafts from glasses has increased. &nbsp;The export is taking place accordingly,&rdquo; he said, adding, &ldquo;On contrary, the demand for old types of handicrafts like pashmina, silk products, silver products and leather products has gone down.&rdquo;</p>

<p>Twenty five types of handicrafts are exported from Nepal to 60 countries including the United States of America, China, Denmark, France, Germany, Canada, Japan and the Gulf countries. The main market of Nepali handicrafts is the USA, which buys 30 percent of the annual export from Nepal, according to the Federation of Nepalese Chambers of Commerce and Industries (FNCCI).</p>

<p>FHAN Deputy Director Subedi stated that the development and promotion of handicrafts has become challenging. He said poor competition in the market, lack of raw materials and maximum usage of machineries have contributed in failure of maintain the unique identity of the handicraft business resulting in problems in the export.</p>

<p>FHAN accused the government of failing to prioritize the handicraft sector. Traders say that they are facing problems as the government has not allocated budget for this sector.</p>

<p>&ldquo;We receive limited budget which is not sufficient to organizing fairs for promotion. The government provides such budget under the Cottage and Small-Scale &nbsp;Industries,&rdquo; Subedi told New Business Age.</p>

<p>Traders say that they get only 2 percent incentives in export, that too through a complicated process.&nbsp;</p>
',
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		'Article' => array(
			'id' => '6660',
			'article_category_id' => '1',
			'title' => 'Bajaj RE Self-Employment Rally',
			'sub_title' => '',
			'summary' => 'October 8: Hansraj Hulaschand and Company, the authorised distributor of Bajaj three-wheeler RE, has initiated a self-employment rally along the East-West Highway. ',
			'content' => '<p>October 8: Hansraj Hulaschand and Company, the authorised distributor of Bajaj three-wheeler RE, has initiated a self-employment rally along the East-West Highway. The rally with see the participation of 20 Bajaj RE for 25 days along the highway. The rally will start from Birtamode and conclude at Mahendranagar. The main aim of the rally is to highlight the RE three-wheeler and inform about the self-employment opportunity it provides , the company said in a statement.</p>
',
			'published' => true,
			'created' => '2017-10-08',
			'modified' => '2017-10-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6443',
			'image' => null,
			'article_date' => '2017-10-08 00:00:00',
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		'Article' => array(
			'id' => '6659',
			'article_category_id' => '1',
			'title' => 'e-Sewa Gaining Popularity in Terhathum',
			'sub_title' => '',
			'summary' => 'October 8: e-Sewa, which has been providing digital payment service in Nepal, has been gaining popularity in Terhathum district. ',
			'content' => '<p>October 8: e-Sewa, which has been providing digital payment service in Nepal, has been gaining popularity in Terhathum district. The customers of e-Sewa have been steadily rising of late.</p>

<p>Customers have been attracted to this service as it makes transaction fast and easy. Online payment through e-Sewa is available at Terhathum&rsquo;s headquarters Myanglung as well as in Jirikhimti, Basantapur, Lasune and Sankrantibazar.</p>

<p>The district sees transactions worth Rs 3 million per month through e-Sewa, informed Roshan Shreshtha, one of the operators of the service.</p>

<p>&ldquo;The locals have become attracted to e-Sewa. We have customers in towns as well as villages,&rdquo; said Shrestha, who provides online payment service through Roshan Mobile and Gift House.</p>

<p>The locals have been using this service extensively for mobile recharge, payment of telephone bill, internet bill, Dishhome recharge and air ticket booking.</p>

<p>Customers of e-Sewa not only get discount in service but it also saves their time.</p>
',
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			'modified' => '2017-10-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6442',
			'image' => '20171008125658_download (1).jpg',
			'article_date' => '2017-10-08 00:00:00',
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		'Article' => array(
			'id' => '6658',
			'article_category_id' => '1',
			'title' => 'Oppo A57 becomes Best-Selling Brand',
			'sub_title' => '',
			'summary' => 'October 8: Oppo A57 and R11 have become the best selling smartphones in the global market. ',
			'content' => '<p>October 8: Oppo A57 and R11 have become the best selling smartphones in the global market. A report published by Counterpoint Research, a market research portal, Oppo was the top-selling brand in the month of July. The A57 phone with tagline &lsquo;unstoppable selfies&rsquo; has a 16 megapixel camera. The price of the phone is fixed at Rs 26,590.</p>
',
			'published' => true,
			'created' => '2017-10-08',
			'modified' => '2017-10-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6441',
			'image' => '20171008123334_download.jpg',
			'article_date' => '2017-10-08 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '6657',
			'article_category_id' => '1',
			'title' => 'Veteran Journalist Malla Passes Away',
			'sub_title' => '',
			'summary' => 'October 6: Veteran journalist and former administrator Shankar Bahadur Malla passed away on Monday, October 2.',
			'content' => '<p>October 6: Veteran journalist and former administrator Shankar Bahadur (Layal) Malla passed away on Monday, October 2. He was 83. His body has been donated to Kist Medical College as per his wish. Family sources informed that the body has been handed to the Lalitpur-based medical college for practical research purposes in medical studies. His final rites were performed at Pashupati Aryaghat by incarcerating an idol made of &lsquo;kush,&rsquo; a plant considered sacred in Hindu religion, symbolising his physical body.</p>

<p>Malla had donated one of his kidneys while he was still alive. His eyes were also donated after his death. As per his wishes, it was decided to perform Malla&rsquo;s final rites only for five days instead of the usual 13 days.</p>

<p>Malla relieved his widow and son from wearing white dress after his death. He even instructed his family members to donate money to the poor instead of spending it in funeral feast.</p>

<p>Malla is the father of Sayap Ashok Bahadur Malla and father-in-law of Justice Sapana Malla Pradhan. Malla was born on BS 1991, Jestha 29.</p>

<p>Founder of the Nepal Independent Journalists&rsquo; Association, he worked as assistant editor in Samikshya Weekly and also held the posts of Development Officer and Block Development Officer during the Panchayat era. &nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6440',
			'image' => '20171006055610_Shankar Bahadur Malla.jpg',
			'article_date' => '2017-10-06 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '6656',
			'article_category_id' => '1',
			'title' => 'Pokhara Sees Increase in Flow of Internal Tourists',
			'sub_title' => '',
			'summary' => 'October 6: The number of internal tourists visiting Pokhara during holiday of Dashain festival has increased in the recent days.',
			'content' => '<p>October 6: The number of internal tourists visiting Pokhara during holiday of Dashain festival has increased in the recent days. Tourist influx in Pokhara started to rise after Ghatasthapana and the number steadily rose till the full moon day.</p>

<p>Tourism entrepreneurs said that more than 400 hotels are operating in Pokhara at the moment and the number of internal as well as external tourists has increased since the onset of Dashain festival. Govinda Sharma, a tourism entrepreneur, said that more people visit Pokhara during the Dashain and Tihar vacation. According to Sharma, the trend of visiting new places among Nepalis is being gradually developed. The crowd has grown bigger in Pokhara also because of people visiting Mustang, a new destination of internal tourists, according to Sharma. &ldquo;Students have a long vacation during Dashain and Tihar which is appropriate for traveling. As a result, the number has grown in the recent days,&rdquo; Sharma told New Business Age. &ldquo;The influx of tourists has added enthusiasm among tourism entrepreneurs.&rdquo;</p>

<p>Bharat Raj Parajuli, vice president of Pokhara Tourism Council and president Western Region Hotel Association, said that the number of tourists has surged since the beginning of Dashain festival. According to him, the tourism industry has been seeing less flow of foreign tourists while the continuous influx of internal tourists has covered up the loss.</p>

<p>Parajuli informed that the hotels in Pokhara have 70 percent pre-booking during the peak tourism season of October. He informed that during Dashain festival, the occupancy in hotels increased to 80-90 percent. &ldquo;October and November are the main season of tourism and there are signs of improvement in tourism industry this year in comparison to the previous year,&rdquo; he further added. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6439',
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			'article_date' => '2017-10-06 00:00:00',
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		'Article' => array(
			'id' => '6655',
			'article_category_id' => '1',
			'title' => 'Insurers Start Flood Victims’ Claims Settlement',
			'sub_title' => ''The claims made by flood victims is more than that made by the earthquake victims'',
			'summary' => 'October 6: Insurance companies of the country have started settling claims made by the victims of last year’s massive floods during monsoon.',
			'content' => '<p>October 6: Insurance companies of the country have started settling claims made by the victims of last year&rsquo;s massive floods during monsoon.</p>

<p>The flood, which destroyed wealth worth millions, had rendered hundreds of people homeless. According to the Insurance Board (IB), a total of 662 flood victims have claimed insurance worth around Rs 2 billion. Of the total claims, insurance companies have distributed insurance payment worth Rs 35.8 million to 23 victims.</p>

<p>According to the IB, insurance companies have started distributing the payment after preliminary investigation on the claims worth around Rs 2.2 billion. According to Raju Raman Poudel, executive director of the IB, the claims made by the flood victims is more than that of the earthquake victims.</p>

<p>&ldquo;The companies have also distributed the claims faster than earlier. The insurance should be made mandatory so that the victims get relief after being hit by the natural calamities,&rdquo; he added.</p>

<p>The insurance companies have distributed the payment after investigating the damages by sending its surveyor to the site. A total of 17 insurance companies had sent the data of damages to the IB by the end of September. As per the data, a total of 303 people have claimed insurance worth Rs 1.31 billion with Agni Insurance. Of the claim, Agni Insurance has distributed around Rs 330 million to 18 flood victims. Likewise, Motor Insurance has received a total of 129 claims, of which it has distributed Rs 161,000 to four flood victims.</p>

<p>Of all the insurance companies, Samudrik Insurance has received the lowest number of claims from 374 victims. Of the total claims, Samudrik Insurance has distributed payment of Rs 2 million to only a single victim.</p>

<p>Similarly, insurance companies have received crop and livestock insurance claims from 77 flood victims. Of the total crop and livestock insurance claims, 28 are for crops and 49 are for livestock. The insurance companies are yet to distribute claims it has received for the damage of crop and livestock.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6438',
			'image' => null,
			'article_date' => '2017-10-06 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '6654',
			'article_category_id' => '1',
			'title' => 'Trade Deficit goes up by 9 Percent in Two Months',
			'sub_title' => '',
			'summary' => 'October 6: Nepal’s trade deficit has been steadily on the rise due to the imbalance in import and export.',
			'content' => '<p>October 6: Nepal&rsquo;s trade deficit has been steadily on the rise due to the imbalance in import and export. Due to the big gap between import and export, Nepal&rsquo;s trade deficit in the first two months of the current fiscal year 2017/18 has surged by 9.71 percent as compared to the corresponding period of last FY, according to statistics maintained by the Department of Customs (DoC).</p>

<p>The total trade deficit in the review period stood at Rs 136 billion in the previous year while it has gone up by 9.71 percent with a total trade deficit of Rs 149 billion in the current fiscal year.</p>

<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>

<p>The data of DoC shows that the export of goods has also gone up in the review period as compared to the same period of last year. The country exported goods worth Rs 13.6 billion in the first two months of the current fiscal year, a rise of 3.83 percent in comparison to the same time period of previous fiscal year. Nepal had imported goods worth Rs 13.1 billion in the first two months of last fiscal year.</p>

<p>Likewise, the total foreign trade in the first two months of last and current fiscal year stood at Rs 163 billion and 177 billion, respectively which is a rise by 8.76 percent.</p>

<p>Experts say that the trade deficit has hampered the productivity of Nepal. They opined that the huge gap between import and export has is a result of imbalance in demand and supply as well as the unsatisfactory production within the country.</p>

<p>Experts state that the spending capacity of &nbsp;Nepalis has been growing annually while the export of goods has been decreasing because of which the state is obliged to import goods that can be produced in Nepal.</p>

<p>Automobile parts, petroleum products, electrical appliances are the major goods imported to Nepal. Purshottam Ojha, a trade expert, said that import of such expensive goods in huge quantity has been contributing in trade deficit. The possibility of curbing trade deficit by increasing production and productivity is very less so the mobilization of natural resources like mines and minerals is a must, he added.&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6437',
			'image' => '20171006020811_Clipboard01.jpg',
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '6653',
			'article_category_id' => '1',
			'title' => 'India Waives GST for Transit Goods from Nepal',
			'sub_title' => '',
			'summary' => 'October 6: The Indian government has decided to waive the goods and service tax (GST) on the commodities Nepal and Bhutan have been supplying to the third countries via its land.',
			'content' => '<p>October 6: The Indian government has decided to waive the goods and service tax (GST) on the commodities Nepal and Bhutan have been supplying to the third countries via its land.</p>

<p>The southern neighbour has amended the provision introduced by its central government. The amendment on the provision means that the Indian government now will not levy any service charge on the transit cargos from Nepal and Bhutan.</p>

<p>Ravi Sainju, joint-secretary at the Ministry of Commerce (MoC), confirmed that the Indian government has waived GST for the transit cargos from Nepal and Bhutan. Despite the announcement, the Nepalese traders should wait further to enjoy GST waiver. Sainju said that the Indian government waived GST after continuous request from the Nepalese side.</p>

<p>&ldquo;The Indian government has waived GST effective from September 29,&rdquo; Sainju said. The Indian side had started to levy GST from&nbsp;January 1.</p>

<p>Nepal has been importing more than 70,000 containers of commodities annually from different countries via India.&nbsp; A source at the MoC said that Nepal has been paying a total of Rs 150,000 per container while importing goods from third countries via India. It is estimated that Nepal will save more than Rs 1 billion annually after GST waiver from India.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6436',
			'image' => null,
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '6652',
			'article_category_id' => '1',
			'title' => 'Wai-Wai Starts Production from Serbia',
			'sub_title' => '',
			'summary' => 'October 6: Chaudhary Group has started commercial production of Wai-Wai noodles in Serbia with an aim of expanding the Nepali brand in the European market. ',
			'content' => '<p>October 6: Chaudhary Group has started commercial production of Wai-Wai noodles in Serbia with an aim of expanding the Nepali brand in the European market. The company has started production from a new plant established at Ruma. The plant was inaugurated by Serbian President Aleksander Vucic amidst a function on Thursday, October 5.</p>

<p>Serbian President, Vucic said that the establishment of Wai-Wai will have positive impact on the economy of Serbia, reads a statement issued by the company.</p>

<p>According to the press statement, the Serbian president said that Wai-Wai has opened employment opportunities in the European nation.</p>

<p>CG Corp Global&rsquo;s Chairman Binod Chaudhary and Managing Director Nirvan Chaudhary were present during the inauguration.</p>

<p>Chairman Chaudhary said that the production of Wai-Wai is a milestone for the company, which seeks to expand its network globally.</p>

<p>Chaudhary further informed that the noodles produced in Serbia would be distributed throughout Europe.</p>

<p>The top posts of the production plant are being handled by four Nepalese nationals while the company has given employment to around 400 Serbians, informed CG.</p>

<p>CG Corp Global&rsquo;s MD Nirvan Chaudhary informed that they decided to establish the plant at Ruma since the place is strategically close to big European markets.</p>

<p>CG Corp Global informed that it has invested in real sector, hospitality, finance, food and beverage, electronics, hydropower, education in 30 countries around the world.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6435',
			'image' => '20171006115516_20171005072949_wai wai.JPG',
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '6651',
			'article_category_id' => '1',
			'title' => 'Udayapur Cement Industries in Trouble due to Irregular Power Supply',
			'sub_title' => '',
			'summary' => 'October 5: The profit of the state-owned Udayapur Cement Industries Limited has declined by Rs 25 million on a weekly basis due to irregular power supply.',
			'content' => '<p>October 5: The profit of the state-owned Udayapur Cement Industries Limited has declined by Rs 25 million on a weekly basis due to irregular power supply.</p>

<p>According to Nabal Kishor Shah, deputy general manager of the company, though Udayapur Cement is still in profit in terms of production and distribution, its profit has been declining as Nepal Electricity Authority (NEA) has not been able to supply electricity to the production plant regularly.</p>

<p>Shah said that it is not possible for the company to earn the same amount of profit that it earned last year due to the short supply of electricity. The company&rsquo;s profit totaled Rs 250 million in the last fiscal year.</p>

<p>&nbsp;&ldquo;NEA had agreed to make power available 24 hours a day. But, the company has not been able to produce as much cement as expected because the NEA has been supplying power not more than 15 hours a day in average,&rdquo; said Shah.</p>

<p>&ldquo;The industry has to bear a loss of Rs 600,000 if the power cut continues for an hour. Such loss ranges from Rs 2.5 million to Rs 3 million on daily basis,&rdquo; he said, adding, &ldquo;Sometimes, power resumes after two minutes while at other times the disruption lasts for two hours.&rdquo;</p>

<p>The industry had been producing 650 tons of cements on a daily basis but with irregularity in power supply, it has been producing only 400 tons of late. Shah said if the power supply does not face any disruption, the industry has a capacity to produce 16,000 sacks of cement every day. The industry operates 20 to 25 days in average in a month.</p>

<p>The irregularity in power supply has causes technical glitch in functioning of an important component of the cement plant. Heating and cooling of the plant causes breakage and failure of the components of the plant, informed an industry source.</p>

<p>Chief of the maintenance and supply department, Mahesh Prasad Kafle, said that it takes 15 days to fix the machine. The industry has to bear a loss of Rs 100 million if the industry shuts down for 15 days.</p>

<p>Kafle said that the regular supply of power ensures production of 35 tons of cement every hour. &ldquo;There is high demand for cement at the moment but we are not able to fulfill it as the company has not been able to produce that quantity because of power disruption.&rdquo; &nbsp;He said there is demand of 15,000 sacks of cement on a daily basis.</p>

<p>The company has been paying twice the regular rate to NEA for uninterryptible power supply during peak hours but the state-owned utility has not fulfilled the agreement. &nbsp;</p>

<p>The time period between 5 pm to 6 am is considered as peak hours. NEA charges Rs 17.50 per unit to such customers through dedicated feeder. The company pays a bill amounting Rs 2 million on a monthly basis. &ldquo;Despite this, the power supply is not regular,&rdquo; Kafle further added. &nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6434',
			'image' => null,
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '6650',
			'article_category_id' => '1',
			'title' => 'Full Moon Bungee Jump in Pokhara ',
			'sub_title' => '',
			'summary' => 'Full Moon Bungee Jump in Pokhara Today',
			'content' => '<p>October 5: With an aim of promoting tourism in Pokhara, High Ground Adventures Nepal is organising &lsquo;Full Moon Bungee Jump&rsquo; in Hemja on the occasion of Kojagrat Purnima on Thursday, October 5.</p>

<p>This is the fifth edition of bungee jump organized annually during Dashain, informed the organisers.</p>

<p>The event is aimed at attracting internal and foreign tourists visiting Pokhara on the occasion of Dashain.</p>

<p>According to the organisers, adventurous people can even enjoy the jump till late evening.</p>

<p>The company&rsquo;s chief Dinesh Maharjan informed that the event also aims to promote adventure sports in Nepal.</p>

<p>&ldquo;Bungee jump during night time has added thrill to the event,&rdquo; he said.</p>

<p>The Full Moon Bungee Jump is preceded by a musical event. The main event will be held between 7 pm to 11 pm. A maximum of 90 people will be allowed to take the plunge, informed the company. Nepali nationals have to pay Rs 3,500 while foreigners will be charged Rs USD 68 for the jump.</p>

<p>According to Maharjan, more than 25,000 visitors have enjoyed bungee jump in the last four years. The company has been in operation since 2012. The company claimed that it is the first tower bungee jump of Nepal. People have been taking 70 meters plunge on the bank of Myagdi river from a 45 meter long bridge-shaped tower. &nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6433',
			'image' => '20171005014245_20171005070606_Clipboard05.jpg',
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '6649',
			'article_category_id' => '1',
			'title' => 'Internal Tourists Surge in Mustang during Dashain',
			'sub_title' => '',
			'summary' => 'October 5: The number of internal tourists visiting Mustang has increased during Dashain. ',
			'content' => '<p>October 5: The number of internal tourists visiting Mustang has increased during Dashain. Hotel&rsquo;s at Beni en route to the district beyond mountains were packed as the visitors utilized their Dashain vacation to make a trip to the mountainous region.</p>

<p>Hotel entrepreneurs said they saw a surge in the number of tourists since the second day of Dashain &lsquo;tika&rsquo;.</p>

<p>Hotel Shikhar&rsquo;s operator Sujan Baruwal said they are having a hard time managing tourists as the number of tourists have exceeded their capacity to accommodate them.</p>

<p>Tourists have started booking hotels of Beni in advance during Dashain.</p>

<p>Hundreds of tourists have been visiting Mustang&rsquo;s famed Muktinath temple and Lo Manthang during Dashain, informed Indra Singh Sherchan, a hotel entrepreneur.</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6432',
			'image' => '20171005011207_524729_589580234399037_1411735628_n.jpg',
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '6648',
			'article_category_id' => '1',
			'title' => 'SC Halts Attempt of Auditor General’s Office to Raise Additional Customs Duty',
			'sub_title' => '',
			'summary' => 'October 5: The Supreme Court has issued an interim order to the Office of the Auditor General not to implement its decision to seek additional customs duty from the Department of Customs for the time being. ',
			'content' => '<p>October 5: The Supreme Court has issued an interim order to the Office of the Auditor General not to implement its decision to seek additional customs duty from the Department of Customs for the time being. The auditor general&rsquo;s office had written to the customs department to raise additional customs duty from goods imported into the country arguing that the current revenue collection had shown discrepancies. Lawyers privy to the recent development informed New Business Age that the apex court has been time and again issuing interim orders in this regard on nine different writ petitions filed against the move of the Office of the Auditor General.</p>

<p>The Office of the Auditor General had asked the Department of Customs to raise customs duty from different companies stating that there were discrepancies in revenue collected from them. Following the instructions from the auditor general&rsquo;s office, the Department of Customs had written to the concerned companies to pay the customs duty.</p>

<p>The companies had filed separate writ petitions at the Supreme Court arguing that the auditor general&rsquo;s office did not have the rights to set the rate of customs duty.</p>

<p>The companies filing the writ petitions include CG Electronics, Triveni Business Company, Him Electronics, JN Electronics, Vega Digital Electronics among other companies.</p>

<p>The letter sent to the companies by the Department of Customs had asked the companies to pay the customs duty within seven days in cases where there were discrepancies. It had also warned to revoke the license of the companies if they did not comply with its instructions.</p>

<p>The letter stated that the companies were liable to pay 20 percent customs duty as they had only paid other taxes instead of the customs duty.</p>

<p>However, the petitioners claimed that they had cleared all the customs duty under various sub heads but the Office of the Auditor General marked those sub heads as discrepancies.</p>

<p>In the initial hearing, the apex court ruled that the determining the discrepancies of the customs clearance did not fall under the jurisdiction of the Office of the Auditor General.</p>

<p>A single bench of Chief Justice Gopal Prasad Parajuli ruled that there were various levels of mechanisms to solve the disputes related to customs duty between the concerned stakeholders and the Department of Customs, which holds quasi-judicial powers regarding the issues.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6431',
			'image' => null,
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '6647',
			'article_category_id' => '1',
			'title' => 'Nepal Becoming Competitive in Global Market: Report',
			'sub_title' => '',
			'summary' => 'October 5: Nepal’s economy has become competitive in the global market in recent years, states a recent report prepared by World Economic Forum (WEF).',
			'content' => '<p>October 5: Nepal&rsquo;s economy has become competitive in the global market in recent years, states a recent report prepared by World Economic Forum (WEF). According to the report, Nepal&rsquo;s economy has climbed 10 places among the list of competitive nations in world market in the year 2017/18. &nbsp;With four points, Nepal currently stands 88<sup>th</sup> among 137 nations in the rankings published by the WEF.</p>

<p>Last year, Nepal ranked 98<sup>th</sup> among 138 nations with 3.9 points. Just in one year, Nepal progressed in all the sectors in the Global Competitive Index (GCI) to leapfrog ten places in the rankings. However, the report has pointed out political instability as the biggest challenge for Nepal&rsquo;s economy. Another challenge, according to the report, is weak bureaucracy of Nepal.</p>

<p>Although Nepal&rsquo;s politics has been marked by instability and transition, the country&rsquo;s competitiveness in the global market has been steadily rising since 2012/13, the report states. However, Nepal&rsquo;s economy has not made progress as expected due to lack of infrastructure, corruption, access to financing and unstable policy.</p>

<p>As per the GCI, Nepal ranks fourth among the South Asian countries. India, which leads South Asia in the rankings, is 40<sup>th</sup> globally. &nbsp;Bhutan (82<sup>nd</sup>) and Sri Lanka (85<sup>th</sup>) rank second and third among South Asian nations followed by Nepal, Bangladesh (99<sup>th</sup>) and Pakistan (115<sup>th</sup>). &nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6430',
			'image' => null,
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117