October 4: The World Bank has approved a USD 60 million credit to support the second phase of the Enhanced Vocational Education and Training Project in…
October 4: The World Bank has approved a USD 60 million credit to support the second phase of the Enhanced Vocational Education and Training Project in…
October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles.…
The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the…
September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic…
September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority.…
September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar.…
September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar.…
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While TVET has grown in size over time with formal and informal providers across a variety of government and non-government entities, it continues to face the challenges of quality training for domestic and foreign labor markets, inclusion and cohesion.</p> <p>“Skill development of the workforce through investment in human capital including technical and vocational education and training are critical for the successful implementation of the country’s emerging jobs agenda,” said Takuya Kamata, the World Bank’s country manager for Nepal.</p> <p>Activities in the second phase training include upgrading the quality of TVET facilities, supporting key human resources that are critical for the quality of service delivery, improving access for disadvantaged groups, supporting missing links between training and placement to help youth find work, improving the availability of information linking skills supply and demand, and improving governance through performance-based funding of training providers, according to the bank. The project will also support migrants through training and skill testing and certification.</p> <p>“While there is substantial underemployment and informal employment dominates, an increased focus on skills and employability will help Nepal benefit from its potential youth dividend,” said Sangeeta Goyal, senior economist and the bank’s task team leader for the project.</p> ', 'published' => true, 'created' => '2017-10-04', 'modified' => '2017-10-04', 'keywords' => '', 'description' => '', 'sortorder' => '6429', 'image' => '20171004041609_wb.jpg', 'article_date' => '2017-10-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6645', 'article_category_id' => '1', 'title' => 'Government Promoting ‘Syndicate System’ on Imported Vehicles', 'sub_title' => '', 'summary' => 'October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. ', 'content' => '<p>October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. The government has given entrepreneurs a chance to amass hefty amount by adopting a policy to support syndicate system since a decade.</p> <p>The government had introduced provisions to import vehicles by making special arrangement in the Finance Act.</p> <p>As per the provision, only the manufacturer of the vehicles or the authrised distributor can import vehicles into the country. Taking advantage of this provision, the distributors have been making good profit from the sales of the vehicles.</p> <p>Stakeholders have complained that the authorised distributors have been charging exorbitant prices for the vehicles due to the monopoly they enjoy in importing vehicles.</p> <p>Communications Officer at the Department of Customs Kul Raj Gyawali informed that only the authorised distributor can import vehicles into the country as per the existing rules. Gyawali claimed that such provision was necessary for the proper management and monitoring of imported vehicles. The government introduced the controversial provision by amending the Finance Act between 2016-2067.</p> <p>Analysts say that the government has promoted monopoly by amending the act. Earlier, anyone could have imported vehicles by fulfilling the due processes. Unlike the restriction in importing vehicles, there isn’t any such provision in importing other products.</p> <p>Since others cannot import vehicles except the authorised distributors, they have been charging exorbitant fees for the vehicles. It has been found that the distributors make up to Rs 1 million profit by selling a single vehicle.</p> <p>Customs officials say that the distributors set the price at their will as there is no clear legal provision on the price ceiling although the provision has made it mandatory to update the price list every four months.</p> <p>The government has been supporting the syndicate system since the importers pay income tax from the profit. The government has been imposing high rate of tax from imported vehicles. The government charges 230 percent tax on vehicles imported from India and 225 percent tax on vehicles imported from third countries.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-10-04', 'modified' => '2017-10-04', 'keywords' => '', 'description' => '', 'sortorder' => '6428', 'image' => null, 'article_date' => '2017-10-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6644', 'article_category_id' => '1', 'title' => 'ADB's USD 150 for Improving Urban Services Delivery, Infrastructure ', 'sub_title' => '', 'summary' => 'The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west', 'content' => '<p>September 26: The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west. Issuing a press statement, the Manila-based bank said that the project will help them become more sustainable, inclusive, and resilient places to live in for more than 1.5 million people.</p> <p>“Improving urban infrastructure and service delivery in major urban areas in Nepal, including in the Terai region, is a must given their importance to the country’s economy and development,” says Vivian Castro-Wooldridge, an ADB Urban Development Specialist. “Toward these aims, the project will ensure that people in the southern parts of Nepal are living in areas that are safe, sustainable, inclusive, and resilient to climate change,” he adds.</p> <p>Urbanization in Nepal has been growing at a rapid pace at about 6 percent since the 1970s, however, this has not contributed significantly to inclusive economic growth due to inadequate urban planning, weak institutions, neglected operations and maintenance (O&M) of existing urban infrastructures, as well as limited technical capacity. “To address this issue, it is estimated that the government would need to double its spending on urban infrastructure to meet the backlog of future demand up to 2030 worth USD 24.5 billion,” reads the statement.</p> <p>According to ADB, investments from the Regional Urban Development Project will focus on eight municipalities from the southern Terai region, including four municipalities from the less-developed Province 7 in far-western Nepal. The project will enhance urban infrastructure in municipalities in the Terai region, incorporating climate-resilient and sustainable features, reducing flooding duration to less than an hour in eight municipalities. This includes the construction and rehabilitation of 200 kilometers (km) of storm water drains, improvement of 240 km of roads, construction of at least 40 km of footpaths responsive to the needs of elderly, women, children, and people with disabilities, building of four sanitary landfills and resource recovery centers, and construction of 20 km of sewers while connecting 7,500 households to the sewerage system in Biratnagar, among others.</p> <p>According to statement, the project will mark ADB’s first investment in urban infrastructure in Province 7 and will improve flood management, mobility, and solid waste management. It will also assist the development of urban plans and bylaws that reflect greater disaster risk resilience, improved land management, and regional development. ADB hopes that municipal capacity will be strengthened through the implementation of a performance-based socioeconomic development program.</p> <p>The project will also support a project development facility for the preparation of a pipeline of urban infrastructure projects, particularly in solid waste management, drainage, roads, water supply, and sanitation, with high readiness to reduce future startup delays, according to ADB.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6427', 'image' => '20170926034724_ADB.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6642', 'article_category_id' => '1', 'title' => 'Komatsu Launches Hydraulic Breaker ', 'sub_title' => '', 'summary' => 'September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.', 'content' => '<p>September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.</p> <p>According to the company, the hydraulic breaker is superior in technology and delivers high impact force, thus making it an ideal choice for customers to maximize their productivity.</p> <p>“Komatsu breakers are highly reliable and durable along with accumulator-free design which enables to achieve productivity under lowest operating cost,” the company said in a statement.</p> <p>Continental Trading Enterprises asserted that its machines are popular for their efficiency and durability.</p> <p>“Further, the company offers after-sales services from various locations of the country, which makes the Komatsu machines having the lowest down time in Nepal. All this ensures the best resale value of all the Komatsu machines,” the statement added.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6426', 'image' => '20170926035423_Komatsu-1188.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6641', 'article_category_id' => '1', 'title' => 'Electricity Bill Payment through NMB Bank', 'sub_title' => '', 'summary' => 'September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. ', 'content' => '<p>September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. NMB customers can now make the payment through mobile banking service. The bank’s customers can log in to their account and enter the counter name, account number and electricity customers’ list to see their bill and make the payment, the bank said in a statement.</p> <p>The bank’s CEO Sunil KC informed that the bank has been upgrading its services through digital technologies to make the banking transactions easy, accessible and hassle free.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6425', 'image' => '20170926110200_index.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6640', 'article_category_id' => '1', 'title' => 'Bhatta wins Rs 100,000', 'sub_title' => '', 'summary' => 'September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. ', 'content' => '<p>September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. Bhatta won the amount on the basis of coupon number he received on purchase of Hero motorcycle. As per the scheme, customers of Hero motorcycles and scooters were assured of at least Rs 6,000 discount in addition to scratch card from which they could win up to Rs 100,000. The customers were also eligible to win a weekly bumper prize of Rs 100,000 through lucky draw.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6424', 'image' => '20170926105027_images.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6639', 'article_category_id' => '1', 'title' => 'Sales of LG Washing Machines up', 'sub_title' => '', 'summary' => 'September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar. ', 'content' => '<p>September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar. LG’s authorized distributor in Nepal informed that the sales has increased as the company introduced ‘super cooker’ prize during the occasion of Dashain and Tihar on purchase of the washing machine. The distributor informed that the modern washing machine washes clothes in less than one hour.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6423', 'image' => '20170926104339_lg-logo.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6638', 'article_category_id' => '1', 'title' => 'John Players Announces Discount Offers', 'sub_title' => '', 'summary' => 'September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand. ', 'content' => '<p>John Players Announces Discount Offers</p> <p>September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand. As per the scheme, customers buying clothes more than Rs 9,999 will get 15 percent discount while those buying goods more than 6,999 will be entitled to 10 percent discount. This offer is valid for formal dresses, casual dresses and Denim wear.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6422', 'image' => 'index.png', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6643', 'article_category_id' => '1', 'title' => 'Vijaya Distillery to Launch Special Golfer’s Limited Edition Whiskey', 'sub_title' => '', 'summary' => 'September 26: Vijaya Distillery is set to launch its special Golfer’s Edition, Nepal’s first blended malt scotch whisky—Master Selection.', 'content' => '<p><strong>September 26:</strong> Vijaya Distillery is set to launch its special Golfer’s Edition, Nepal’s first blended malt scotch whisky—Master Selection.</p> <p>According to the company, Master Selection is a luxurious, one-of-a kind blended malt Scotch whisky; and it marks an expansion of the Vijaya Distillery into the world of ultra-premium segment liquor products.</p> <p>“Master Selection preserves the provenance and heritage of Scotch whisky, with its craft credentials and handpicked flavors. An unforgettable experience—the dream of every elite mixologists, whisky-lovers and makers—is guaranteed with every zesty yet smooth sip of Nepal’s first blended malt Scotch whisky,” the company said in a statement.</p> <p>“This Scotch whisky has already been attracting an elite group of scotch whisky lovers to purchase it straight from the distillery,” the statement said.</p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6421', 'image' => '20170926111926_MS_PACKSHOT.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6637', 'article_category_id' => '1', 'title' => 'Lifetime Achievement Award Conferred to Prem Bahadur Shrestha', 'sub_title' => '', 'summary' => 'September 24: Founder of Nepal’s reputed business house Panchakanya Group, Prem Bahadur Shrestha, has been conferred the Lifetime Achievement Award for his contributions to the business sector.', 'content' => '<p>September 24: Founder of Nepal’s reputed business house Panchakanya Group, Prem Bahadur Shrestha, has been conferred with the NewBiz Lifetime Achievement Award for his contributions to the business sector.</p> <p>Shrestha, 87, was received the title at the 4<sup>th</sup> Asian Paints New Business Conclave and Awards 2017 held on September 22 at the Hotel Soaltee Crowne Plaza.</p> <p>Born in Ilam, Shrestha started his business from Fikal. What he started as a small business in now one of the leading business houses of the country with nationwide coverage.</p> <p>Upon receiving the award, Shrestha said that he felt reenergized for being recognised for his contribution to the country’s business sector.</p> <p>He said that Nepal was lagging behind in development and urged everyone to utilise their time properly.</p> <p>Shrestha had started a grocery and cloth store in Fikal, which has now grown into Panchakanya Group under which falls a number of industries including wood, steel, pipe, wire as well as hydropower company.</p> <p>Three generations of Shrestha’s family are actively involved in Panchakanya Group.</p> <p>Shrestha said that honesty was his first commercial norm and he stressed on the need to end corruption and create employment opportunities in the country.</p> <p>Stating that industrial development requires political stability, Shrestha said that the country can attain development only if corruption is rooted out.</p> <p>“Nepal is a diamond mine. If we can properly utilize the opportunities here, no one will have to go abroad,” said Shrestha.</p> <p>“What we lack is honest leadership,” he added. </p> ', 'published' => true, 'created' => '2017-09-24', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6420', 'image' => '20170924033911_sad.jpg', 'article_date' => '2017-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6636', 'article_category_id' => '1', 'title' => 'Sipradi Trading Declared Best Managed Company', 'sub_title' => '', 'summary' => 'September 23: Sipradi Trading Private Limited has been declared the Best Managed Company at the New Business Conclave and Award 2017 in the capital on Friday, September 22.', 'content' => '<p>September 23: Sipradi Trading Private Limited has been declared the Best Managed Company at the New Business Conclave and Award 2017 in the capital on Friday, September 22.</p> <p>During the awards ceremony held at Hotel Soaltee Crowne Plaza, 25 companies including Sipradi Trading and one individual were honoured for their contribution to the business sector of Nepal.</p> <p>The awards ceremony being held annually by New Business Age since 2013 in one of the most reputed awards of the country. However, the awards were not held during 2015 due to the devastating earthquakes.</p> <p>Meanwhile, the award for Best Joint Venture Company went to Unilever Nepal Limited while Nabil Bank was declared the Best Commercial Bank. Likewise, Gandaki Development Bank (Best Development Bank), ICFC (Best Finance Company), Nepal Life Insurance Company (Best Life Insurance Company), Shikhar Insurance Company (Best Non Life Insurance Company) won their respective awards.</p> <p>Sanimamai Hydropower Company (Best Hydropower Company), CE Construction (Best Housing Company)and Urban Girl Inc (Best Start-up Company) won the other awards. </p> <p>The Lifetime Achievement Award was conferred on Prem Bahadur Shrestha of Panchakanya Group for his vital contribution in the business sector of the country.</p> <p>The topic of the conclave during this edition was ‘Nepal Start-up Ecosystem’. During the interaction, speakers including William Grimminck, the founder of One to Watch; Sohan Babu Khatri, founder of Three H Management; Cunil KC, CEO of NMB Bank and Aayushi KC, CEO of Khalisisi, expressed their views regarding the status of start-ups in Nepal, their problems, opportunities and challenges.</p> <p>All the winners among the business houses from across the country were declared after evaluation of their performance by jury of specialists. The 11 different categories had different experts as jury members. The Best Managed Company was declared on the basis of employment, management practices, technology and innovation, market leadership, national coverage, public image, social responsiveness including social desirability of the Industry, corporate social responsibility, backward-forward linkages as well as the jury’s discretion.</p> <p>Addressing the awards ceremony, New Business Age Pvt Ltd’s Chairman Madan Lamsal said such function was organized with a view to promote and accelerate the development of industrial sector of the country. He assured of giving continuity to this awards ceremony in the coming years too.</p> <p>Lamsal also expressed his belief that the award would help encourage the business community and motivate them to provide better service.</p> <p>“Although the development of business is gaining pace, the concerned authorities have not given due attention to it,” said Lamsal.</p> <p> </p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:692px"> <p><strong>Award Winners 2017</strong></p> </td> </tr> <tr> <td style="width:692px"> <ol> <li><strong><em>Best Managed Company - Sipradi Trading Pvt Ltd</em></strong></li> </ol> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 2.Best Managed Joint Venture Company- Unilever Nepal Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 3. Best Managed Commercial Bank - Nabil Bank Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 1<sup>st </sup>Runner up -Nepal Investment Bank</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 2nd Runner up - Nepal SBI Bank</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 3<sup>rd </sup>Runner up - Standard Chartered Bank </em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 4<sup>th</sup> Runner up - Everest Bank </em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 4.Best Managed Development Bank- Gandaki Development Bank Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Development Bank 1st Runner up-Kailash Development Bank Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Development Bank 2<sup>nd</sup> Runner up - Muktinath Development Bank Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 5. Best Managed Finance Company - ICFC Finance Company Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Finance Company 1st Runner up - Guheshwori Marchant Banking & Finance</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Finance Company 2<sup>nd</sup> Runner up - United Finance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 6. Best Managed Life Insurance Company-Nepal Life Insurance Company (NLIC)</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Life Insurance Company 1st Runner up - National Life Insurance Company Ltd </em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Life Ins Company 2<sup>nd </sup>Runner up - Life Insurance Corporation (Nepal) Ltd (LICN)</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 7. Best Managed Non-life Insurance Company - Shikhar Insurance Company Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Non-life Insurance Company 1st Runner up- Neco Insurance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Non-life Insurance Company 2<sup>nd </sup>Runner up - Prudential Insurance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 8. Best Managed Hydro Power Company-Sanima Mai Hydropower Company</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 9. Best Managed Housing Company- CE Construction</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Housing Company 1st Runner up - Sunrise Homes</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Housing Company 2<sup>nd </sup>Runner up - Greenhill City</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 10. Best Start Up Company-Urban Girl Inc.</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p> A Special Recognition <em>- Waste Services Pvt Ltd, Pokhara</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 11. Lifetime Achievement in Business Leadership – Prem Bahadur Shrestha, founder, Panchakanya Group</em></strong></p> </td> </tr> </tbody> </table> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-23', 'modified' => '2017-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '6419', 'image' => '20170923021840_66.JPG', 'article_date' => '2017-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6635', 'article_category_id' => '1', 'title' => 'Call for Air Safety, Tribute Ride in Memory of the Victims of PIA Air Crash', 'sub_title' => '', 'summary' => 'September 21: To mark the 25th anniversary of Pakistan International Airlines crash in 1992 in Nepal, and to call for making the air space safe, Rupak Memorial Foundation (RMF) is organizing a bicycle ride on September 23, Saturday to the PIA Memorial Park, Lele.', 'content' => '<p>September 21: To mark the 25th anniversary of Pakistan International Airlines crash in 1992 in Nepal, and to call for making the air space safe, Rupak Memorial Foundation (RMF) is organizing a bicycle ride on September 23, Saturday to the PIA Memorial Park, Lele.</p> <p>The ride will start from RMF building in Satdobato to PIA Memorial Park, Lele covering 24 kilometers altogether and conclude at the RMF, reads a press statement issued by the foundation.</p> <p>The foundation plans to organize a candle lightening program to pay tribute to all the deceased passengers. A short instrumental performance will be played by Team Sarangi.</p> <p>“We are anticipating 150 riders. We are also trying to encourage deaf bicycle riders to participate inorder to mark the International Deaf week. We are also providing few free registrations to women riders,” the foundation said in the statement. </p> <p>At the RMF a short interaction program will be organized on Airspace Scenario in Nepal. The objective of holding the interaction program is to promote air safety in Nepal. </p> <p>We invite the friends and family of the deceased of the PIA (Airbus A300B4-203) and other bicycle enthusiasts to join the ride and be a part of interaction program to promote air safety in Nepal.</p> <p>The speakers of the program will be Sanjiv Gautam, director general of CAAN; Heman Arjyal, aviation enthusiast, and a representative from the Airlines Association of Nepal. </p> <p>According to the foundation, the event is supported by well-wishers, Buddha Air, Real Fruit Power, Star Hospital, Hamro Kitchen, Project Sarangi, Pangro and TSN Corporation, Key Advertisement.</p> <p>Rupak Memorial Foundation (RMF) is a non-profit oriented organization founded in 1992 to commemorate the contribution of national talent late Rupak Raj Sharma. Late Sharma was not only a brilliant serviceman but an exceptional and accomplished sportsperson too. His name is associated with football as he served as the captain of the Nepali national football team for fourteen years and after retirement, continued to be in the football field in the capacity of referee. He was the first Nepali to get his referee license from Federation of International Football Association (FIFA). </p> <p>On September 28, 1992, Pakistan International Airlines (Airbus A300B4-203) crashed in Lele en route to landing at Tribhuvan International Airport, Kathmandu killing 167 passengers onboard, including Sharma. It was the 100th airline crash with more than 100 casualties in the history of aviation. </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6418', 'image' => '20170921045051_Poster.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6634', 'article_category_id' => '1', 'title' => 'Rockstart Founder in the Capital', 'sub_title' => '', 'summary' => 'September 21: Oscar Kneppers, the founder of Rockstart Accelerators, is in Nepal to observe the entrepreneurship scenario in Nepal. ', 'content' => '<p>September 21: Oscar Kneppers, the founder of Rockstart Accelerators, is in Nepal to observe the entrepreneurship scenario in Nepal. The Netherlands-based business accelerator programme has been helping start-ups in Nepal through Rockstart Impact, which organised an interaction programme with Kneppers on September 20. </p> <p>During the interaction, Kneppers shared his experience about starting Rockstart. Prior to establishing Rockstart, Kneppers launched several cross media brands since 1998 focusing on new media, innovation and technology. He founded Rockstart in 2001 after selling his two businesses, Emerce in 2001 and Bright in 2008.</p> <p>“Rockstart was started with a vision to help the communities which believe in the power of entrepreneurship to change the scenario by giving a platform to them to share their experience with other struggling entrepreneurs, connecting them with experienced entrepreneur and mentors and investors,” he shared.</p> <p>After five years, the accelerator has built an international fraternity in various parts of the world who share the vision of Rockstart and work to help the entrepreneurs to grow their business.</p> <p>“Though Rockstart was established in the Netherlands, around 70 per cent entrepreneurs are not Europeans. Through these years, we have been innovatively driven and impact oriented and will continue more effectively in the days to come,” he shared.</p> <p>In the programme which saw the participation of many mentors, investors, alumni of Rockstart and entrepreneurs, Kneppers expressed that “working with entrepreneurs is not just helping them out for the growth but working with them is a learning experience for us as well”.</p> <p>Peter Tropper, emerging market investment expert and an international investor, Victorya Ous, programme director of Rockstart Impact, Niraj Khanal, director at One to Watch and Ashish Adhikari, founder of RedMud Coffee and alumni of Rockstart also spoke about the impacts of Rockstart Impact in building the entrepreneurial ecosystem in Nepal.</p> <p>During the programme, the accelerator also announced that they have been getting applications for the 100 days accelerator programme to be held in November. The deadline for the application is October 5.</p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6417', 'image' => '20170921043657_21559049_846777012166640_1867513749713259612_n.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6633', 'article_category_id' => '1', 'title' => 'Union Life Insurance to Start Operation from September 22', 'sub_title' => '', 'summary' => 'September 21: The Insurance Board has given the final permission to Union Life Insurance Company to start commercial operation. ', 'content' => '<p>September 21: The Insurance Board has given the final permission to Union Life Insurance Company to start commercial operation. The board had taken the decision on September 18 but the company was informed about it through a letter two days later.</p> <p>Upon receiving the green signal from the board, Union Life will be starting its commercial operation from September 22. Another insurance company, IME Life Insurance, has recently started its operation while Sun Life Insurance will also start its operation from September 22.</p> <p>Reputed business houses including Jagadamba Group, Golchha Organization and Gadia Group are the promoters of Union Life Insurance. Sulav Agrawal is the chairman of the board of directors of the company. Shekhar Golchha from Golchha Organization and Sandip Kumar Agrawal from Gadia Group are the other members of the board of directors. Similarly, Manoj Kumar Lal Karna is the CEO of the company. The corporate office of the insurance company is located at New Baneshwar.</p> <p>Altogether 10 insurance companies that got license to start operation recently are in the final phase of starting their operation.</p> <p>Ministry of Finance (MoF) has provided license to 10 life insurance companies for operation. After obtaining the license, the companies fulfilling all the other criteria are given the final permission to start commercial operation. To get the final permission, the companies need to have a paid-up capital of Rs 2 billion, staff, necessary office infrastructure among other things. </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6416', 'image' => null, 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6632', 'article_category_id' => '1', 'title' => 'Experts Stress the Need to Review Housing Policies', 'sub_title' => '', 'summary' => 'September 21: Experts stressed the need to review housing policies at operational level in order to create a safer living space in the densely populated urban areas.', 'content' => '<p>September 21: Experts stressed the need to review housing policies at operational level in order to create a safer living space in the densely populated urban areas. They shared such views during a discussion program titled <em>‘Rebuilding Safer Urban Spaces’ organized by </em>South Asia Watch on Trade, Economics and Environment (SAWTEE) on September 20.</p> <p>SAWTEE said this was the fourth such discussion forum it has organized under the project <em>‘Initiating dialogue on Post Disaster Reconstruction Experience’ </em>undertaken with support from The Asia Foundation.</p> <p>Themes such as “Nepal Post Disaster Reconstruction Experience: Current Status and Lessons learnt”, “Migration and Labour Dynamics in Post Disaster Nepal”, and “Expenditure Analysis and Tracking of Post-Earthquake reconstruction programmes” have already been covered in similar previous events, SAWTEE said in a statement.</p> <p> Making a presentation on <em>‘Rebuilding Safer Urban Spaces’</em>, Kishore Thapa, former secretary at the Ministry of Urban Development and expert member of the steering committee at the National Reconstruction Authority (NRA), pointed out the need of strictly enforcing “Settlement Development, Urban Development and Building Construction Basic Byelaws 2072”, which was one of the major changes imposed as one of the first rebuilding exercises.</p> <p>However, its success will depend on conviction of citizens that these rules are for their own benefit and capacity of the local governments for strictly implementing these regulations, he added.</p> <p>In addition, he drew attention towards reviewing existing housing policies, operational guidelines and responsible agencies to ensure safer living spaces. Thapa further added that integral part of reconstruction in the urban spaces, especially in the valley, pertains to reviving cultural heritage and traditional settlements with minimum aesthetic and structural intervention, the statement said. Similarly, he also drew attention to the lack of open spaces that affected the initial relief and recovery works in the immediate aftermath of the earthquakes.</p> <p>Surya Bhakta Sangachchen, technical advisor to the National Society for Earthquake Technology (NSET) and former director general at the Department of Urban Planning and Building Reconstruction, stressed on the stakeholder engagement between central government, community and local level, in order to achieve harmonious and acceptable rebuilding.</p> <p>He cited the example of Boudhanath Stupa that involved local participation from the support of government entities. In addition, he also pointed out the possibility of house pooling to be undertaken at the core city areas in Kathmandu and Lalitpur such as Kilagal and Pilachhen, respectively, could provide blueprint for the reconstruction.</p> <p>Bhesh Narayan Dahal, director general at the Department of Archaeology, pointed out the government efforts towards preservation and reconstruction of the cultural heritages and emphasised government’s priority towards preserving national heritage as far as possible in the reconstruction process. </p> <p>Chairing the discussion forum, Prof Dr Sudarshan Raj Tiwari, former dean of the Institute of Engineering, said that in adopting modern technology, traditional and indigenous knowledge should not be discarded. He said that traditional and indigenous knowledge has been proved time and again after withstanding various disasters and thus emphasised on footprint conservation.</p> <p>Adding to that, vice chairperson of SAWTEE, Urmila Joshi, said that the best possible way forward is to integrate new technology with the traditional knowledge so that we can have best of both worlds in building safer spaces.</p> <p>According to SAWTEE, some 30 participants from various organizations, including research institutions, experts, activists and development partners, participated in the event.</p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6415', 'image' => '20170921030540_sawtee.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $article = array( 'Article' => array( 'id' => '6638', 'article_category_id' => '1', 'title' => 'John Players Announces Discount Offers', 'sub_title' => '', 'summary' => 'September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand. ', 'content' => '<p>John Players Announces Discount Offers</p> <p>September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand. As per the scheme, customers buying clothes more than Rs 9,999 will get 15 percent discount while those buying goods more than 6,999 will be entitled to 10 percent discount. This offer is valid for formal dresses, casual dresses and Denim wear.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6422', 'image' => 'index.png', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) $width = (int) 400 $height = (int) 168 $ratio = (float) 2.3809523809524 $img_width = (int) 280 $img_height = (float) 117.6 $date = '2017-09-26 00:00:00' $dateFromDatabase = (int) 1506363300 $dateTwentyforHoursAgo = (int) 1749382691 $today = '2025-06-09 05:23:11pm' $today2 = (int) 1749469091 $newDate = 'Sep 26, 2017' $commentCount = (int) 0 $word_count = (int) 69 $time_to_read = (float) 0.35 $time_to_read_min = (float) 0 $time_to_read_second = (float) 21getimagesize - [internal], line ?? include - APP/View/Articles/index.ctp, line 35 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): Division by zero [APP/View/Articles/index.ctp, line 36]Code Context<?phplist($width, $height) = getimagesize(WWW_ROOT.'img'.DS.'news'.DS.'thumbnails'.DS.$article['Article']['image']);$ratio = $width / $height;$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/index.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '6646', 'article_category_id' => '1', 'title' => 'WB's USD 60 Mn for Technical and Vocational Training', 'sub_title' => '', 'summary' => 'October 4: The World Bank has approved a USD 60 million credit to support the second phase of the Enhanced Vocational Education and Training Project in Nepal.', 'content' => '<p>October 4: The World Bank has approved a USD 60 million credit to support the second phase of the Enhanced Vocational Education and Training Project in Nepal.</p> <p>The second phase of training is designed to help the country improve equitable access to market relevant training programs and to strengthen the delivery of Technical Education and Vocational Training (TEVT), according to the World Bank.</p> <p>In Nepal, TVET is an important intermediary between youth and the labor market through the provision of pre-employment skills, reads a press statement issued by the World Bank.</p> <p>According to the World Bank, between 450,000 and 500,000 Nepali youth come of working age every year, most of whom will enter either the domestic or the foreign labor market with limited education and skills.</p> <p>On the other hand, the annual intake capacity in short-term and long-term TVET programs in the country was between 100,000 and 120,000 in 2016, the bank further said. While TVET has grown in size over time with formal and informal providers across a variety of government and non-government entities, it continues to face the challenges of quality training for domestic and foreign labor markets, inclusion and cohesion.</p> <p>“Skill development of the workforce through investment in human capital including technical and vocational education and training are critical for the successful implementation of the country’s emerging jobs agenda,” said Takuya Kamata, the World Bank’s country manager for Nepal.</p> <p>Activities in the second phase training include upgrading the quality of TVET facilities, supporting key human resources that are critical for the quality of service delivery, improving access for disadvantaged groups, supporting missing links between training and placement to help youth find work, improving the availability of information linking skills supply and demand, and improving governance through performance-based funding of training providers, according to the bank. The project will also support migrants through training and skill testing and certification.</p> <p>“While there is substantial underemployment and informal employment dominates, an increased focus on skills and employability will help Nepal benefit from its potential youth dividend,” said Sangeeta Goyal, senior economist and the bank’s task team leader for the project.</p> ', 'published' => true, 'created' => '2017-10-04', 'modified' => '2017-10-04', 'keywords' => '', 'description' => '', 'sortorder' => '6429', 'image' => '20171004041609_wb.jpg', 'article_date' => '2017-10-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6645', 'article_category_id' => '1', 'title' => 'Government Promoting ‘Syndicate System’ on Imported Vehicles', 'sub_title' => '', 'summary' => 'October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. ', 'content' => '<p>October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. The government has given entrepreneurs a chance to amass hefty amount by adopting a policy to support syndicate system since a decade.</p> <p>The government had introduced provisions to import vehicles by making special arrangement in the Finance Act.</p> <p>As per the provision, only the manufacturer of the vehicles or the authrised distributor can import vehicles into the country. Taking advantage of this provision, the distributors have been making good profit from the sales of the vehicles.</p> <p>Stakeholders have complained that the authorised distributors have been charging exorbitant prices for the vehicles due to the monopoly they enjoy in importing vehicles.</p> <p>Communications Officer at the Department of Customs Kul Raj Gyawali informed that only the authorised distributor can import vehicles into the country as per the existing rules. Gyawali claimed that such provision was necessary for the proper management and monitoring of imported vehicles. The government introduced the controversial provision by amending the Finance Act between 2016-2067.</p> <p>Analysts say that the government has promoted monopoly by amending the act. Earlier, anyone could have imported vehicles by fulfilling the due processes. Unlike the restriction in importing vehicles, there isn’t any such provision in importing other products.</p> <p>Since others cannot import vehicles except the authorised distributors, they have been charging exorbitant fees for the vehicles. It has been found that the distributors make up to Rs 1 million profit by selling a single vehicle.</p> <p>Customs officials say that the distributors set the price at their will as there is no clear legal provision on the price ceiling although the provision has made it mandatory to update the price list every four months.</p> <p>The government has been supporting the syndicate system since the importers pay income tax from the profit. The government has been imposing high rate of tax from imported vehicles. The government charges 230 percent tax on vehicles imported from India and 225 percent tax on vehicles imported from third countries.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-10-04', 'modified' => '2017-10-04', 'keywords' => '', 'description' => '', 'sortorder' => '6428', 'image' => null, 'article_date' => '2017-10-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6644', 'article_category_id' => '1', 'title' => 'ADB's USD 150 for Improving Urban Services Delivery, Infrastructure ', 'sub_title' => '', 'summary' => 'The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west', 'content' => '<p>September 26: The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west. Issuing a press statement, the Manila-based bank said that the project will help them become more sustainable, inclusive, and resilient places to live in for more than 1.5 million people.</p> <p>“Improving urban infrastructure and service delivery in major urban areas in Nepal, including in the Terai region, is a must given their importance to the country’s economy and development,” says Vivian Castro-Wooldridge, an ADB Urban Development Specialist. “Toward these aims, the project will ensure that people in the southern parts of Nepal are living in areas that are safe, sustainable, inclusive, and resilient to climate change,” he adds.</p> <p>Urbanization in Nepal has been growing at a rapid pace at about 6 percent since the 1970s, however, this has not contributed significantly to inclusive economic growth due to inadequate urban planning, weak institutions, neglected operations and maintenance (O&M) of existing urban infrastructures, as well as limited technical capacity. “To address this issue, it is estimated that the government would need to double its spending on urban infrastructure to meet the backlog of future demand up to 2030 worth USD 24.5 billion,” reads the statement.</p> <p>According to ADB, investments from the Regional Urban Development Project will focus on eight municipalities from the southern Terai region, including four municipalities from the less-developed Province 7 in far-western Nepal. The project will enhance urban infrastructure in municipalities in the Terai region, incorporating climate-resilient and sustainable features, reducing flooding duration to less than an hour in eight municipalities. This includes the construction and rehabilitation of 200 kilometers (km) of storm water drains, improvement of 240 km of roads, construction of at least 40 km of footpaths responsive to the needs of elderly, women, children, and people with disabilities, building of four sanitary landfills and resource recovery centers, and construction of 20 km of sewers while connecting 7,500 households to the sewerage system in Biratnagar, among others.</p> <p>According to statement, the project will mark ADB’s first investment in urban infrastructure in Province 7 and will improve flood management, mobility, and solid waste management. It will also assist the development of urban plans and bylaws that reflect greater disaster risk resilience, improved land management, and regional development. ADB hopes that municipal capacity will be strengthened through the implementation of a performance-based socioeconomic development program.</p> <p>The project will also support a project development facility for the preparation of a pipeline of urban infrastructure projects, particularly in solid waste management, drainage, roads, water supply, and sanitation, with high readiness to reduce future startup delays, according to ADB.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6427', 'image' => '20170926034724_ADB.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6642', 'article_category_id' => '1', 'title' => 'Komatsu Launches Hydraulic Breaker ', 'sub_title' => '', 'summary' => 'September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.', 'content' => '<p>September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.</p> <p>According to the company, the hydraulic breaker is superior in technology and delivers high impact force, thus making it an ideal choice for customers to maximize their productivity.</p> <p>“Komatsu breakers are highly reliable and durable along with accumulator-free design which enables to achieve productivity under lowest operating cost,” the company said in a statement.</p> <p>Continental Trading Enterprises asserted that its machines are popular for their efficiency and durability.</p> <p>“Further, the company offers after-sales services from various locations of the country, which makes the Komatsu machines having the lowest down time in Nepal. All this ensures the best resale value of all the Komatsu machines,” the statement added.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6426', 'image' => '20170926035423_Komatsu-1188.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6641', 'article_category_id' => '1', 'title' => 'Electricity Bill Payment through NMB Bank', 'sub_title' => '', 'summary' => 'September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. ', 'content' => '<p>September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. NMB customers can now make the payment through mobile banking service. The bank’s customers can log in to their account and enter the counter name, account number and electricity customers’ list to see their bill and make the payment, the bank said in a statement.</p> <p>The bank’s CEO Sunil KC informed that the bank has been upgrading its services through digital technologies to make the banking transactions easy, accessible and hassle free.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6425', 'image' => '20170926110200_index.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6640', 'article_category_id' => '1', 'title' => 'Bhatta wins Rs 100,000', 'sub_title' => '', 'summary' => 'September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. ', 'content' => '<p>September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. Bhatta won the amount on the basis of coupon number he received on purchase of Hero motorcycle. As per the scheme, customers of Hero motorcycles and scooters were assured of at least Rs 6,000 discount in addition to scratch card from which they could win up to Rs 100,000. The customers were also eligible to win a weekly bumper prize of Rs 100,000 through lucky draw.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6424', 'image' => '20170926105027_images.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6639', 'article_category_id' => '1', 'title' => 'Sales of LG Washing Machines up', 'sub_title' => '', 'summary' => 'September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar. ', 'content' => '<p>September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar. LG’s authorized distributor in Nepal informed that the sales has increased as the company introduced ‘super cooker’ prize during the occasion of Dashain and Tihar on purchase of the washing machine. The distributor informed that the modern washing machine washes clothes in less than one hour.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6423', 'image' => '20170926104339_lg-logo.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6638', 'article_category_id' => '1', 'title' => 'John Players Announces Discount Offers', 'sub_title' => '', 'summary' => 'September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand. ', 'content' => '<p>John Players Announces Discount Offers</p> <p>September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand. As per the scheme, customers buying clothes more than Rs 9,999 will get 15 percent discount while those buying goods more than 6,999 will be entitled to 10 percent discount. This offer is valid for formal dresses, casual dresses and Denim wear.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6422', 'image' => 'index.png', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6643', 'article_category_id' => '1', 'title' => 'Vijaya Distillery to Launch Special Golfer’s Limited Edition Whiskey', 'sub_title' => '', 'summary' => 'September 26: Vijaya Distillery is set to launch its special Golfer’s Edition, Nepal’s first blended malt scotch whisky—Master Selection.', 'content' => '<p><strong>September 26:</strong> Vijaya Distillery is set to launch its special Golfer’s Edition, Nepal’s first blended malt scotch whisky—Master Selection.</p> <p>According to the company, Master Selection is a luxurious, one-of-a kind blended malt Scotch whisky; and it marks an expansion of the Vijaya Distillery into the world of ultra-premium segment liquor products.</p> <p>“Master Selection preserves the provenance and heritage of Scotch whisky, with its craft credentials and handpicked flavors. An unforgettable experience—the dream of every elite mixologists, whisky-lovers and makers—is guaranteed with every zesty yet smooth sip of Nepal’s first blended malt Scotch whisky,” the company said in a statement.</p> <p>“This Scotch whisky has already been attracting an elite group of scotch whisky lovers to purchase it straight from the distillery,” the statement said.</p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6421', 'image' => '20170926111926_MS_PACKSHOT.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6637', 'article_category_id' => '1', 'title' => 'Lifetime Achievement Award Conferred to Prem Bahadur Shrestha', 'sub_title' => '', 'summary' => 'September 24: Founder of Nepal’s reputed business house Panchakanya Group, Prem Bahadur Shrestha, has been conferred the Lifetime Achievement Award for his contributions to the business sector.', 'content' => '<p>September 24: Founder of Nepal’s reputed business house Panchakanya Group, Prem Bahadur Shrestha, has been conferred with the NewBiz Lifetime Achievement Award for his contributions to the business sector.</p> <p>Shrestha, 87, was received the title at the 4<sup>th</sup> Asian Paints New Business Conclave and Awards 2017 held on September 22 at the Hotel Soaltee Crowne Plaza.</p> <p>Born in Ilam, Shrestha started his business from Fikal. What he started as a small business in now one of the leading business houses of the country with nationwide coverage.</p> <p>Upon receiving the award, Shrestha said that he felt reenergized for being recognised for his contribution to the country’s business sector.</p> <p>He said that Nepal was lagging behind in development and urged everyone to utilise their time properly.</p> <p>Shrestha had started a grocery and cloth store in Fikal, which has now grown into Panchakanya Group under which falls a number of industries including wood, steel, pipe, wire as well as hydropower company.</p> <p>Three generations of Shrestha’s family are actively involved in Panchakanya Group.</p> <p>Shrestha said that honesty was his first commercial norm and he stressed on the need to end corruption and create employment opportunities in the country.</p> <p>Stating that industrial development requires political stability, Shrestha said that the country can attain development only if corruption is rooted out.</p> <p>“Nepal is a diamond mine. If we can properly utilize the opportunities here, no one will have to go abroad,” said Shrestha.</p> <p>“What we lack is honest leadership,” he added. </p> ', 'published' => true, 'created' => '2017-09-24', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6420', 'image' => '20170924033911_sad.jpg', 'article_date' => '2017-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6636', 'article_category_id' => '1', 'title' => 'Sipradi Trading Declared Best Managed Company', 'sub_title' => '', 'summary' => 'September 23: Sipradi Trading Private Limited has been declared the Best Managed Company at the New Business Conclave and Award 2017 in the capital on Friday, September 22.', 'content' => '<p>September 23: Sipradi Trading Private Limited has been declared the Best Managed Company at the New Business Conclave and Award 2017 in the capital on Friday, September 22.</p> <p>During the awards ceremony held at Hotel Soaltee Crowne Plaza, 25 companies including Sipradi Trading and one individual were honoured for their contribution to the business sector of Nepal.</p> <p>The awards ceremony being held annually by New Business Age since 2013 in one of the most reputed awards of the country. However, the awards were not held during 2015 due to the devastating earthquakes.</p> <p>Meanwhile, the award for Best Joint Venture Company went to Unilever Nepal Limited while Nabil Bank was declared the Best Commercial Bank. Likewise, Gandaki Development Bank (Best Development Bank), ICFC (Best Finance Company), Nepal Life Insurance Company (Best Life Insurance Company), Shikhar Insurance Company (Best Non Life Insurance Company) won their respective awards.</p> <p>Sanimamai Hydropower Company (Best Hydropower Company), CE Construction (Best Housing Company)and Urban Girl Inc (Best Start-up Company) won the other awards. </p> <p>The Lifetime Achievement Award was conferred on Prem Bahadur Shrestha of Panchakanya Group for his vital contribution in the business sector of the country.</p> <p>The topic of the conclave during this edition was ‘Nepal Start-up Ecosystem’. During the interaction, speakers including William Grimminck, the founder of One to Watch; Sohan Babu Khatri, founder of Three H Management; Cunil KC, CEO of NMB Bank and Aayushi KC, CEO of Khalisisi, expressed their views regarding the status of start-ups in Nepal, their problems, opportunities and challenges.</p> <p>All the winners among the business houses from across the country were declared after evaluation of their performance by jury of specialists. The 11 different categories had different experts as jury members. The Best Managed Company was declared on the basis of employment, management practices, technology and innovation, market leadership, national coverage, public image, social responsiveness including social desirability of the Industry, corporate social responsibility, backward-forward linkages as well as the jury’s discretion.</p> <p>Addressing the awards ceremony, New Business Age Pvt Ltd’s Chairman Madan Lamsal said such function was organized with a view to promote and accelerate the development of industrial sector of the country. He assured of giving continuity to this awards ceremony in the coming years too.</p> <p>Lamsal also expressed his belief that the award would help encourage the business community and motivate them to provide better service.</p> <p>“Although the development of business is gaining pace, the concerned authorities have not given due attention to it,” said Lamsal.</p> <p> </p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:692px"> <p><strong>Award Winners 2017</strong></p> </td> </tr> <tr> <td style="width:692px"> <ol> <li><strong><em>Best Managed Company - Sipradi Trading Pvt Ltd</em></strong></li> </ol> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 2.Best Managed Joint Venture Company- Unilever Nepal Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 3. Best Managed Commercial Bank - Nabil Bank Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 1<sup>st </sup>Runner up -Nepal Investment Bank</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 2nd Runner up - Nepal SBI Bank</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 3<sup>rd </sup>Runner up - Standard Chartered Bank </em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 4<sup>th</sup> Runner up - Everest Bank </em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 4.Best Managed Development Bank- Gandaki Development Bank Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Development Bank 1st Runner up-Kailash Development Bank Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Development Bank 2<sup>nd</sup> Runner up - Muktinath Development Bank Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 5. Best Managed Finance Company - ICFC Finance Company Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Finance Company 1st Runner up - Guheshwori Marchant Banking & Finance</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Finance Company 2<sup>nd</sup> Runner up - United Finance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 6. Best Managed Life Insurance Company-Nepal Life Insurance Company (NLIC)</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Life Insurance Company 1st Runner up - National Life Insurance Company Ltd </em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Life Ins Company 2<sup>nd </sup>Runner up - Life Insurance Corporation (Nepal) Ltd (LICN)</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 7. Best Managed Non-life Insurance Company - Shikhar Insurance Company Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Non-life Insurance Company 1st Runner up- Neco Insurance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Non-life Insurance Company 2<sup>nd </sup>Runner up - Prudential Insurance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 8. Best Managed Hydro Power Company-Sanima Mai Hydropower Company</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 9. Best Managed Housing Company- CE Construction</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Housing Company 1st Runner up - Sunrise Homes</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Housing Company 2<sup>nd </sup>Runner up - Greenhill City</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 10. Best Start Up Company-Urban Girl Inc.</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p> A Special Recognition <em>- Waste Services Pvt Ltd, Pokhara</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 11. Lifetime Achievement in Business Leadership – Prem Bahadur Shrestha, founder, Panchakanya Group</em></strong></p> </td> </tr> </tbody> </table> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-23', 'modified' => '2017-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '6419', 'image' => '20170923021840_66.JPG', 'article_date' => '2017-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6635', 'article_category_id' => '1', 'title' => 'Call for Air Safety, Tribute Ride in Memory of the Victims of PIA Air Crash', 'sub_title' => '', 'summary' => 'September 21: To mark the 25th anniversary of Pakistan International Airlines crash in 1992 in Nepal, and to call for making the air space safe, Rupak Memorial Foundation (RMF) is organizing a bicycle ride on September 23, Saturday to the PIA Memorial Park, Lele.', 'content' => '<p>September 21: To mark the 25th anniversary of Pakistan International Airlines crash in 1992 in Nepal, and to call for making the air space safe, Rupak Memorial Foundation (RMF) is organizing a bicycle ride on September 23, Saturday to the PIA Memorial Park, Lele.</p> <p>The ride will start from RMF building in Satdobato to PIA Memorial Park, Lele covering 24 kilometers altogether and conclude at the RMF, reads a press statement issued by the foundation.</p> <p>The foundation plans to organize a candle lightening program to pay tribute to all the deceased passengers. A short instrumental performance will be played by Team Sarangi.</p> <p>“We are anticipating 150 riders. We are also trying to encourage deaf bicycle riders to participate inorder to mark the International Deaf week. We are also providing few free registrations to women riders,” the foundation said in the statement. </p> <p>At the RMF a short interaction program will be organized on Airspace Scenario in Nepal. The objective of holding the interaction program is to promote air safety in Nepal. </p> <p>We invite the friends and family of the deceased of the PIA (Airbus A300B4-203) and other bicycle enthusiasts to join the ride and be a part of interaction program to promote air safety in Nepal.</p> <p>The speakers of the program will be Sanjiv Gautam, director general of CAAN; Heman Arjyal, aviation enthusiast, and a representative from the Airlines Association of Nepal. </p> <p>According to the foundation, the event is supported by well-wishers, Buddha Air, Real Fruit Power, Star Hospital, Hamro Kitchen, Project Sarangi, Pangro and TSN Corporation, Key Advertisement.</p> <p>Rupak Memorial Foundation (RMF) is a non-profit oriented organization founded in 1992 to commemorate the contribution of national talent late Rupak Raj Sharma. Late Sharma was not only a brilliant serviceman but an exceptional and accomplished sportsperson too. His name is associated with football as he served as the captain of the Nepali national football team for fourteen years and after retirement, continued to be in the football field in the capacity of referee. He was the first Nepali to get his referee license from Federation of International Football Association (FIFA). </p> <p>On September 28, 1992, Pakistan International Airlines (Airbus A300B4-203) crashed in Lele en route to landing at Tribhuvan International Airport, Kathmandu killing 167 passengers onboard, including Sharma. It was the 100th airline crash with more than 100 casualties in the history of aviation. </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6418', 'image' => '20170921045051_Poster.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6634', 'article_category_id' => '1', 'title' => 'Rockstart Founder in the Capital', 'sub_title' => '', 'summary' => 'September 21: Oscar Kneppers, the founder of Rockstart Accelerators, is in Nepal to observe the entrepreneurship scenario in Nepal. ', 'content' => '<p>September 21: Oscar Kneppers, the founder of Rockstart Accelerators, is in Nepal to observe the entrepreneurship scenario in Nepal. The Netherlands-based business accelerator programme has been helping start-ups in Nepal through Rockstart Impact, which organised an interaction programme with Kneppers on September 20. </p> <p>During the interaction, Kneppers shared his experience about starting Rockstart. Prior to establishing Rockstart, Kneppers launched several cross media brands since 1998 focusing on new media, innovation and technology. He founded Rockstart in 2001 after selling his two businesses, Emerce in 2001 and Bright in 2008.</p> <p>“Rockstart was started with a vision to help the communities which believe in the power of entrepreneurship to change the scenario by giving a platform to them to share their experience with other struggling entrepreneurs, connecting them with experienced entrepreneur and mentors and investors,” he shared.</p> <p>After five years, the accelerator has built an international fraternity in various parts of the world who share the vision of Rockstart and work to help the entrepreneurs to grow their business.</p> <p>“Though Rockstart was established in the Netherlands, around 70 per cent entrepreneurs are not Europeans. Through these years, we have been innovatively driven and impact oriented and will continue more effectively in the days to come,” he shared.</p> <p>In the programme which saw the participation of many mentors, investors, alumni of Rockstart and entrepreneurs, Kneppers expressed that “working with entrepreneurs is not just helping them out for the growth but working with them is a learning experience for us as well”.</p> <p>Peter Tropper, emerging market investment expert and an international investor, Victorya Ous, programme director of Rockstart Impact, Niraj Khanal, director at One to Watch and Ashish Adhikari, founder of RedMud Coffee and alumni of Rockstart also spoke about the impacts of Rockstart Impact in building the entrepreneurial ecosystem in Nepal.</p> <p>During the programme, the accelerator also announced that they have been getting applications for the 100 days accelerator programme to be held in November. The deadline for the application is October 5.</p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6417', 'image' => '20170921043657_21559049_846777012166640_1867513749713259612_n.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6633', 'article_category_id' => '1', 'title' => 'Union Life Insurance to Start Operation from September 22', 'sub_title' => '', 'summary' => 'September 21: The Insurance Board has given the final permission to Union Life Insurance Company to start commercial operation. ', 'content' => '<p>September 21: The Insurance Board has given the final permission to Union Life Insurance Company to start commercial operation. The board had taken the decision on September 18 but the company was informed about it through a letter two days later.</p> <p>Upon receiving the green signal from the board, Union Life will be starting its commercial operation from September 22. Another insurance company, IME Life Insurance, has recently started its operation while Sun Life Insurance will also start its operation from September 22.</p> <p>Reputed business houses including Jagadamba Group, Golchha Organization and Gadia Group are the promoters of Union Life Insurance. Sulav Agrawal is the chairman of the board of directors of the company. Shekhar Golchha from Golchha Organization and Sandip Kumar Agrawal from Gadia Group are the other members of the board of directors. Similarly, Manoj Kumar Lal Karna is the CEO of the company. The corporate office of the insurance company is located at New Baneshwar.</p> <p>Altogether 10 insurance companies that got license to start operation recently are in the final phase of starting their operation.</p> <p>Ministry of Finance (MoF) has provided license to 10 life insurance companies for operation. After obtaining the license, the companies fulfilling all the other criteria are given the final permission to start commercial operation. To get the final permission, the companies need to have a paid-up capital of Rs 2 billion, staff, necessary office infrastructure among other things. </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6416', 'image' => null, 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6632', 'article_category_id' => '1', 'title' => 'Experts Stress the Need to Review Housing Policies', 'sub_title' => '', 'summary' => 'September 21: Experts stressed the need to review housing policies at operational level in order to create a safer living space in the densely populated urban areas.', 'content' => '<p>September 21: Experts stressed the need to review housing policies at operational level in order to create a safer living space in the densely populated urban areas. They shared such views during a discussion program titled <em>‘Rebuilding Safer Urban Spaces’ organized by </em>South Asia Watch on Trade, Economics and Environment (SAWTEE) on September 20.</p> <p>SAWTEE said this was the fourth such discussion forum it has organized under the project <em>‘Initiating dialogue on Post Disaster Reconstruction Experience’ </em>undertaken with support from The Asia Foundation.</p> <p>Themes such as “Nepal Post Disaster Reconstruction Experience: Current Status and Lessons learnt”, “Migration and Labour Dynamics in Post Disaster Nepal”, and “Expenditure Analysis and Tracking of Post-Earthquake reconstruction programmes” have already been covered in similar previous events, SAWTEE said in a statement.</p> <p> Making a presentation on <em>‘Rebuilding Safer Urban Spaces’</em>, Kishore Thapa, former secretary at the Ministry of Urban Development and expert member of the steering committee at the National Reconstruction Authority (NRA), pointed out the need of strictly enforcing “Settlement Development, Urban Development and Building Construction Basic Byelaws 2072”, which was one of the major changes imposed as one of the first rebuilding exercises.</p> <p>However, its success will depend on conviction of citizens that these rules are for their own benefit and capacity of the local governments for strictly implementing these regulations, he added.</p> <p>In addition, he drew attention towards reviewing existing housing policies, operational guidelines and responsible agencies to ensure safer living spaces. Thapa further added that integral part of reconstruction in the urban spaces, especially in the valley, pertains to reviving cultural heritage and traditional settlements with minimum aesthetic and structural intervention, the statement said. Similarly, he also drew attention to the lack of open spaces that affected the initial relief and recovery works in the immediate aftermath of the earthquakes.</p> <p>Surya Bhakta Sangachchen, technical advisor to the National Society for Earthquake Technology (NSET) and former director general at the Department of Urban Planning and Building Reconstruction, stressed on the stakeholder engagement between central government, community and local level, in order to achieve harmonious and acceptable rebuilding.</p> <p>He cited the example of Boudhanath Stupa that involved local participation from the support of government entities. In addition, he also pointed out the possibility of house pooling to be undertaken at the core city areas in Kathmandu and Lalitpur such as Kilagal and Pilachhen, respectively, could provide blueprint for the reconstruction.</p> <p>Bhesh Narayan Dahal, director general at the Department of Archaeology, pointed out the government efforts towards preservation and reconstruction of the cultural heritages and emphasised government’s priority towards preserving national heritage as far as possible in the reconstruction process. </p> <p>Chairing the discussion forum, Prof Dr Sudarshan Raj Tiwari, former dean of the Institute of Engineering, said that in adopting modern technology, traditional and indigenous knowledge should not be discarded. He said that traditional and indigenous knowledge has been proved time and again after withstanding various disasters and thus emphasised on footprint conservation.</p> <p>Adding to that, vice chairperson of SAWTEE, Urmila Joshi, said that the best possible way forward is to integrate new technology with the traditional knowledge so that we can have best of both worlds in building safer spaces.</p> <p>According to SAWTEE, some 30 participants from various organizations, including research institutions, experts, activists and development partners, participated in the event.</p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6415', 'image' => '20170921030540_sawtee.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $article = array( 'Article' => array( 'id' => '6638', 'article_category_id' => '1', 'title' => 'John Players Announces Discount Offers', 'sub_title' => '', 'summary' => 'September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand. ', 'content' => '<p>John Players Announces Discount Offers</p> <p>September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand. As per the scheme, customers buying clothes more than Rs 9,999 will get 15 percent discount while those buying goods more than 6,999 will be entitled to 10 percent discount. This offer is valid for formal dresses, casual dresses and Denim wear.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6422', 'image' => 'index.png', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) $width = null $height = null $ratio = (float) 2.3809523809524 $img_width = (int) 280 $img_height = (float) 117.6 $date = '2017-09-26 00:00:00' $dateFromDatabase = (int) 1506363300 $dateTwentyforHoursAgo = (int) 1749382691 $today = '2025-06-09 05:23:11pm' $today2 = (int) 1749469091 $newDate = 'Sep 26, 2017' $commentCount = (int) 0 $word_count = (int) 69 $time_to_read = (float) 0.35 $time_to_read_min = (float) 0 $time_to_read_second = (float) 21include - APP/View/Articles/index.ctp, line 36 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
September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand.…
September 26: Vijaya Distillery is set to launch its special Golfer’s Edition, Nepal’s first blended malt scotch whisky—Master…
September 24: Founder of Nepal’s reputed business house Panchakanya Group, Prem Bahadur Shrestha, has been conferred the Lifetime Achievement Award for his contributions to the business…
September 23: Sipradi Trading Private Limited has been declared the Best Managed Company at the New Business Conclave and Award 2017 in the capital on Friday, September…
September 21: To mark the 25th anniversary of Pakistan International Airlines crash in 1992 in Nepal, and to call for making the air space safe, Rupak Memorial Foundation (RMF) is organizing a bicycle ride on September 23, Saturday to the PIA Memorial Park,…
September 21: Oscar Kneppers, the founder of Rockstart Accelerators, is in Nepal to observe the entrepreneurship scenario in Nepal.…
September 21: The Insurance Board has given the final permission to Union Life Insurance Company to start commercial operation.…
September 21: Experts stressed the need to review housing policies at operational level in order to create a safer living space in the densely populated urban…
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While TVET has grown in size over time with formal and informal providers across a variety of government and non-government entities, it continues to face the challenges of quality training for domestic and foreign labor markets, inclusion and cohesion.</p> <p>“Skill development of the workforce through investment in human capital including technical and vocational education and training are critical for the successful implementation of the country’s emerging jobs agenda,” said Takuya Kamata, the World Bank’s country manager for Nepal.</p> <p>Activities in the second phase training include upgrading the quality of TVET facilities, supporting key human resources that are critical for the quality of service delivery, improving access for disadvantaged groups, supporting missing links between training and placement to help youth find work, improving the availability of information linking skills supply and demand, and improving governance through performance-based funding of training providers, according to the bank. The project will also support migrants through training and skill testing and certification.</p> <p>“While there is substantial underemployment and informal employment dominates, an increased focus on skills and employability will help Nepal benefit from its potential youth dividend,” said Sangeeta Goyal, senior economist and the bank’s task team leader for the project.</p> ', 'published' => true, 'created' => '2017-10-04', 'modified' => '2017-10-04', 'keywords' => '', 'description' => '', 'sortorder' => '6429', 'image' => '20171004041609_wb.jpg', 'article_date' => '2017-10-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6645', 'article_category_id' => '1', 'title' => 'Government Promoting ‘Syndicate System’ on Imported Vehicles', 'sub_title' => '', 'summary' => 'October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. ', 'content' => '<p>October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. The government has given entrepreneurs a chance to amass hefty amount by adopting a policy to support syndicate system since a decade.</p> <p>The government had introduced provisions to import vehicles by making special arrangement in the Finance Act.</p> <p>As per the provision, only the manufacturer of the vehicles or the authrised distributor can import vehicles into the country. Taking advantage of this provision, the distributors have been making good profit from the sales of the vehicles.</p> <p>Stakeholders have complained that the authorised distributors have been charging exorbitant prices for the vehicles due to the monopoly they enjoy in importing vehicles.</p> <p>Communications Officer at the Department of Customs Kul Raj Gyawali informed that only the authorised distributor can import vehicles into the country as per the existing rules. Gyawali claimed that such provision was necessary for the proper management and monitoring of imported vehicles. The government introduced the controversial provision by amending the Finance Act between 2016-2067.</p> <p>Analysts say that the government has promoted monopoly by amending the act. Earlier, anyone could have imported vehicles by fulfilling the due processes. Unlike the restriction in importing vehicles, there isn’t any such provision in importing other products.</p> <p>Since others cannot import vehicles except the authorised distributors, they have been charging exorbitant fees for the vehicles. It has been found that the distributors make up to Rs 1 million profit by selling a single vehicle.</p> <p>Customs officials say that the distributors set the price at their will as there is no clear legal provision on the price ceiling although the provision has made it mandatory to update the price list every four months.</p> <p>The government has been supporting the syndicate system since the importers pay income tax from the profit. The government has been imposing high rate of tax from imported vehicles. The government charges 230 percent tax on vehicles imported from India and 225 percent tax on vehicles imported from third countries.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-10-04', 'modified' => '2017-10-04', 'keywords' => '', 'description' => '', 'sortorder' => '6428', 'image' => null, 'article_date' => '2017-10-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6644', 'article_category_id' => '1', 'title' => 'ADB's USD 150 for Improving Urban Services Delivery, Infrastructure ', 'sub_title' => '', 'summary' => 'The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west', 'content' => '<p>September 26: The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west. Issuing a press statement, the Manila-based bank said that the project will help them become more sustainable, inclusive, and resilient places to live in for more than 1.5 million people.</p> <p>“Improving urban infrastructure and service delivery in major urban areas in Nepal, including in the Terai region, is a must given their importance to the country’s economy and development,” says Vivian Castro-Wooldridge, an ADB Urban Development Specialist. “Toward these aims, the project will ensure that people in the southern parts of Nepal are living in areas that are safe, sustainable, inclusive, and resilient to climate change,” he adds.</p> <p>Urbanization in Nepal has been growing at a rapid pace at about 6 percent since the 1970s, however, this has not contributed significantly to inclusive economic growth due to inadequate urban planning, weak institutions, neglected operations and maintenance (O&M) of existing urban infrastructures, as well as limited technical capacity. “To address this issue, it is estimated that the government would need to double its spending on urban infrastructure to meet the backlog of future demand up to 2030 worth USD 24.5 billion,” reads the statement.</p> <p>According to ADB, investments from the Regional Urban Development Project will focus on eight municipalities from the southern Terai region, including four municipalities from the less-developed Province 7 in far-western Nepal. The project will enhance urban infrastructure in municipalities in the Terai region, incorporating climate-resilient and sustainable features, reducing flooding duration to less than an hour in eight municipalities. This includes the construction and rehabilitation of 200 kilometers (km) of storm water drains, improvement of 240 km of roads, construction of at least 40 km of footpaths responsive to the needs of elderly, women, children, and people with disabilities, building of four sanitary landfills and resource recovery centers, and construction of 20 km of sewers while connecting 7,500 households to the sewerage system in Biratnagar, among others.</p> <p>According to statement, the project will mark ADB’s first investment in urban infrastructure in Province 7 and will improve flood management, mobility, and solid waste management. It will also assist the development of urban plans and bylaws that reflect greater disaster risk resilience, improved land management, and regional development. ADB hopes that municipal capacity will be strengthened through the implementation of a performance-based socioeconomic development program.</p> <p>The project will also support a project development facility for the preparation of a pipeline of urban infrastructure projects, particularly in solid waste management, drainage, roads, water supply, and sanitation, with high readiness to reduce future startup delays, according to ADB.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6427', 'image' => '20170926034724_ADB.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6642', 'article_category_id' => '1', 'title' => 'Komatsu Launches Hydraulic Breaker ', 'sub_title' => '', 'summary' => 'September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.', 'content' => '<p>September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.</p> <p>According to the company, the hydraulic breaker is superior in technology and delivers high impact force, thus making it an ideal choice for customers to maximize their productivity.</p> <p>“Komatsu breakers are highly reliable and durable along with accumulator-free design which enables to achieve productivity under lowest operating cost,” the company said in a statement.</p> <p>Continental Trading Enterprises asserted that its machines are popular for their efficiency and durability.</p> <p>“Further, the company offers after-sales services from various locations of the country, which makes the Komatsu machines having the lowest down time in Nepal. All this ensures the best resale value of all the Komatsu machines,” the statement added.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6426', 'image' => '20170926035423_Komatsu-1188.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6641', 'article_category_id' => '1', 'title' => 'Electricity Bill Payment through NMB Bank', 'sub_title' => '', 'summary' => 'September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. ', 'content' => '<p>September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. NMB customers can now make the payment through mobile banking service. The bank’s customers can log in to their account and enter the counter name, account number and electricity customers’ list to see their bill and make the payment, the bank said in a statement.</p> <p>The bank’s CEO Sunil KC informed that the bank has been upgrading its services through digital technologies to make the banking transactions easy, accessible and hassle free.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6425', 'image' => '20170926110200_index.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6640', 'article_category_id' => '1', 'title' => 'Bhatta wins Rs 100,000', 'sub_title' => '', 'summary' => 'September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. ', 'content' => '<p>September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. Bhatta won the amount on the basis of coupon number he received on purchase of Hero motorcycle. As per the scheme, customers of Hero motorcycles and scooters were assured of at least Rs 6,000 discount in addition to scratch card from which they could win up to Rs 100,000. The customers were also eligible to win a weekly bumper prize of Rs 100,000 through lucky draw.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6424', 'image' => '20170926105027_images.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6639', 'article_category_id' => '1', 'title' => 'Sales of LG Washing Machines up', 'sub_title' => '', 'summary' => 'September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar. ', 'content' => '<p>September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar. LG’s authorized distributor in Nepal informed that the sales has increased as the company introduced ‘super cooker’ prize during the occasion of Dashain and Tihar on purchase of the washing machine. The distributor informed that the modern washing machine washes clothes in less than one hour.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6423', 'image' => '20170926104339_lg-logo.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6638', 'article_category_id' => '1', 'title' => 'John Players Announces Discount Offers', 'sub_title' => '', 'summary' => 'September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand. ', 'content' => '<p>John Players Announces Discount Offers</p> <p>September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand. As per the scheme, customers buying clothes more than Rs 9,999 will get 15 percent discount while those buying goods more than 6,999 will be entitled to 10 percent discount. This offer is valid for formal dresses, casual dresses and Denim wear.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6422', 'image' => 'index.png', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6643', 'article_category_id' => '1', 'title' => 'Vijaya Distillery to Launch Special Golfer’s Limited Edition Whiskey', 'sub_title' => '', 'summary' => 'September 26: Vijaya Distillery is set to launch its special Golfer’s Edition, Nepal’s first blended malt scotch whisky—Master Selection.', 'content' => '<p><strong>September 26:</strong> Vijaya Distillery is set to launch its special Golfer’s Edition, Nepal’s first blended malt scotch whisky—Master Selection.</p> <p>According to the company, Master Selection is a luxurious, one-of-a kind blended malt Scotch whisky; and it marks an expansion of the Vijaya Distillery into the world of ultra-premium segment liquor products.</p> <p>“Master Selection preserves the provenance and heritage of Scotch whisky, with its craft credentials and handpicked flavors. An unforgettable experience—the dream of every elite mixologists, whisky-lovers and makers—is guaranteed with every zesty yet smooth sip of Nepal’s first blended malt Scotch whisky,” the company said in a statement.</p> <p>“This Scotch whisky has already been attracting an elite group of scotch whisky lovers to purchase it straight from the distillery,” the statement said.</p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6421', 'image' => '20170926111926_MS_PACKSHOT.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6637', 'article_category_id' => '1', 'title' => 'Lifetime Achievement Award Conferred to Prem Bahadur Shrestha', 'sub_title' => '', 'summary' => 'September 24: Founder of Nepal’s reputed business house Panchakanya Group, Prem Bahadur Shrestha, has been conferred the Lifetime Achievement Award for his contributions to the business sector.', 'content' => '<p>September 24: Founder of Nepal’s reputed business house Panchakanya Group, Prem Bahadur Shrestha, has been conferred with the NewBiz Lifetime Achievement Award for his contributions to the business sector.</p> <p>Shrestha, 87, was received the title at the 4<sup>th</sup> Asian Paints New Business Conclave and Awards 2017 held on September 22 at the Hotel Soaltee Crowne Plaza.</p> <p>Born in Ilam, Shrestha started his business from Fikal. What he started as a small business in now one of the leading business houses of the country with nationwide coverage.</p> <p>Upon receiving the award, Shrestha said that he felt reenergized for being recognised for his contribution to the country’s business sector.</p> <p>He said that Nepal was lagging behind in development and urged everyone to utilise their time properly.</p> <p>Shrestha had started a grocery and cloth store in Fikal, which has now grown into Panchakanya Group under which falls a number of industries including wood, steel, pipe, wire as well as hydropower company.</p> <p>Three generations of Shrestha’s family are actively involved in Panchakanya Group.</p> <p>Shrestha said that honesty was his first commercial norm and he stressed on the need to end corruption and create employment opportunities in the country.</p> <p>Stating that industrial development requires political stability, Shrestha said that the country can attain development only if corruption is rooted out.</p> <p>“Nepal is a diamond mine. If we can properly utilize the opportunities here, no one will have to go abroad,” said Shrestha.</p> <p>“What we lack is honest leadership,” he added. </p> ', 'published' => true, 'created' => '2017-09-24', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6420', 'image' => '20170924033911_sad.jpg', 'article_date' => '2017-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6636', 'article_category_id' => '1', 'title' => 'Sipradi Trading Declared Best Managed Company', 'sub_title' => '', 'summary' => 'September 23: Sipradi Trading Private Limited has been declared the Best Managed Company at the New Business Conclave and Award 2017 in the capital on Friday, September 22.', 'content' => '<p>September 23: Sipradi Trading Private Limited has been declared the Best Managed Company at the New Business Conclave and Award 2017 in the capital on Friday, September 22.</p> <p>During the awards ceremony held at Hotel Soaltee Crowne Plaza, 25 companies including Sipradi Trading and one individual were honoured for their contribution to the business sector of Nepal.</p> <p>The awards ceremony being held annually by New Business Age since 2013 in one of the most reputed awards of the country. However, the awards were not held during 2015 due to the devastating earthquakes.</p> <p>Meanwhile, the award for Best Joint Venture Company went to Unilever Nepal Limited while Nabil Bank was declared the Best Commercial Bank. Likewise, Gandaki Development Bank (Best Development Bank), ICFC (Best Finance Company), Nepal Life Insurance Company (Best Life Insurance Company), Shikhar Insurance Company (Best Non Life Insurance Company) won their respective awards.</p> <p>Sanimamai Hydropower Company (Best Hydropower Company), CE Construction (Best Housing Company)and Urban Girl Inc (Best Start-up Company) won the other awards. </p> <p>The Lifetime Achievement Award was conferred on Prem Bahadur Shrestha of Panchakanya Group for his vital contribution in the business sector of the country.</p> <p>The topic of the conclave during this edition was ‘Nepal Start-up Ecosystem’. During the interaction, speakers including William Grimminck, the founder of One to Watch; Sohan Babu Khatri, founder of Three H Management; Cunil KC, CEO of NMB Bank and Aayushi KC, CEO of Khalisisi, expressed their views regarding the status of start-ups in Nepal, their problems, opportunities and challenges.</p> <p>All the winners among the business houses from across the country were declared after evaluation of their performance by jury of specialists. The 11 different categories had different experts as jury members. The Best Managed Company was declared on the basis of employment, management practices, technology and innovation, market leadership, national coverage, public image, social responsiveness including social desirability of the Industry, corporate social responsibility, backward-forward linkages as well as the jury’s discretion.</p> <p>Addressing the awards ceremony, New Business Age Pvt Ltd’s Chairman Madan Lamsal said such function was organized with a view to promote and accelerate the development of industrial sector of the country. He assured of giving continuity to this awards ceremony in the coming years too.</p> <p>Lamsal also expressed his belief that the award would help encourage the business community and motivate them to provide better service.</p> <p>“Although the development of business is gaining pace, the concerned authorities have not given due attention to it,” said Lamsal.</p> <p> </p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:692px"> <p><strong>Award Winners 2017</strong></p> </td> </tr> <tr> <td style="width:692px"> <ol> <li><strong><em>Best Managed Company - Sipradi Trading Pvt Ltd</em></strong></li> </ol> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 2.Best Managed Joint Venture Company- Unilever Nepal Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 3. Best Managed Commercial Bank - Nabil Bank Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 1<sup>st </sup>Runner up -Nepal Investment Bank</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 2nd Runner up - Nepal SBI Bank</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 3<sup>rd </sup>Runner up - Standard Chartered Bank </em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 4<sup>th</sup> Runner up - Everest Bank </em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 4.Best Managed Development Bank- Gandaki Development Bank Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Development Bank 1st Runner up-Kailash Development Bank Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Development Bank 2<sup>nd</sup> Runner up - Muktinath Development Bank Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 5. Best Managed Finance Company - ICFC Finance Company Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Finance Company 1st Runner up - Guheshwori Marchant Banking & Finance</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Finance Company 2<sup>nd</sup> Runner up - United Finance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 6. Best Managed Life Insurance Company-Nepal Life Insurance Company (NLIC)</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Life Insurance Company 1st Runner up - National Life Insurance Company Ltd </em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Life Ins Company 2<sup>nd </sup>Runner up - Life Insurance Corporation (Nepal) Ltd (LICN)</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 7. Best Managed Non-life Insurance Company - Shikhar Insurance Company Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Non-life Insurance Company 1st Runner up- Neco Insurance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Non-life Insurance Company 2<sup>nd </sup>Runner up - Prudential Insurance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 8. Best Managed Hydro Power Company-Sanima Mai Hydropower Company</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 9. Best Managed Housing Company- CE Construction</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Housing Company 1st Runner up - Sunrise Homes</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Housing Company 2<sup>nd </sup>Runner up - Greenhill City</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 10. Best Start Up Company-Urban Girl Inc.</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p> A Special Recognition <em>- Waste Services Pvt Ltd, Pokhara</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 11. Lifetime Achievement in Business Leadership – Prem Bahadur Shrestha, founder, Panchakanya Group</em></strong></p> </td> </tr> </tbody> </table> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-23', 'modified' => '2017-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '6419', 'image' => '20170923021840_66.JPG', 'article_date' => '2017-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6635', 'article_category_id' => '1', 'title' => 'Call for Air Safety, Tribute Ride in Memory of the Victims of PIA Air Crash', 'sub_title' => '', 'summary' => 'September 21: To mark the 25th anniversary of Pakistan International Airlines crash in 1992 in Nepal, and to call for making the air space safe, Rupak Memorial Foundation (RMF) is organizing a bicycle ride on September 23, Saturday to the PIA Memorial Park, Lele.', 'content' => '<p>September 21: To mark the 25th anniversary of Pakistan International Airlines crash in 1992 in Nepal, and to call for making the air space safe, Rupak Memorial Foundation (RMF) is organizing a bicycle ride on September 23, Saturday to the PIA Memorial Park, Lele.</p> <p>The ride will start from RMF building in Satdobato to PIA Memorial Park, Lele covering 24 kilometers altogether and conclude at the RMF, reads a press statement issued by the foundation.</p> <p>The foundation plans to organize a candle lightening program to pay tribute to all the deceased passengers. A short instrumental performance will be played by Team Sarangi.</p> <p>“We are anticipating 150 riders. We are also trying to encourage deaf bicycle riders to participate inorder to mark the International Deaf week. We are also providing few free registrations to women riders,” the foundation said in the statement. </p> <p>At the RMF a short interaction program will be organized on Airspace Scenario in Nepal. The objective of holding the interaction program is to promote air safety in Nepal. </p> <p>We invite the friends and family of the deceased of the PIA (Airbus A300B4-203) and other bicycle enthusiasts to join the ride and be a part of interaction program to promote air safety in Nepal.</p> <p>The speakers of the program will be Sanjiv Gautam, director general of CAAN; Heman Arjyal, aviation enthusiast, and a representative from the Airlines Association of Nepal. </p> <p>According to the foundation, the event is supported by well-wishers, Buddha Air, Real Fruit Power, Star Hospital, Hamro Kitchen, Project Sarangi, Pangro and TSN Corporation, Key Advertisement.</p> <p>Rupak Memorial Foundation (RMF) is a non-profit oriented organization founded in 1992 to commemorate the contribution of national talent late Rupak Raj Sharma. Late Sharma was not only a brilliant serviceman but an exceptional and accomplished sportsperson too. His name is associated with football as he served as the captain of the Nepali national football team for fourteen years and after retirement, continued to be in the football field in the capacity of referee. He was the first Nepali to get his referee license from Federation of International Football Association (FIFA). </p> <p>On September 28, 1992, Pakistan International Airlines (Airbus A300B4-203) crashed in Lele en route to landing at Tribhuvan International Airport, Kathmandu killing 167 passengers onboard, including Sharma. It was the 100th airline crash with more than 100 casualties in the history of aviation. </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6418', 'image' => '20170921045051_Poster.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6634', 'article_category_id' => '1', 'title' => 'Rockstart Founder in the Capital', 'sub_title' => '', 'summary' => 'September 21: Oscar Kneppers, the founder of Rockstart Accelerators, is in Nepal to observe the entrepreneurship scenario in Nepal. ', 'content' => '<p>September 21: Oscar Kneppers, the founder of Rockstart Accelerators, is in Nepal to observe the entrepreneurship scenario in Nepal. The Netherlands-based business accelerator programme has been helping start-ups in Nepal through Rockstart Impact, which organised an interaction programme with Kneppers on September 20. </p> <p>During the interaction, Kneppers shared his experience about starting Rockstart. Prior to establishing Rockstart, Kneppers launched several cross media brands since 1998 focusing on new media, innovation and technology. He founded Rockstart in 2001 after selling his two businesses, Emerce in 2001 and Bright in 2008.</p> <p>“Rockstart was started with a vision to help the communities which believe in the power of entrepreneurship to change the scenario by giving a platform to them to share their experience with other struggling entrepreneurs, connecting them with experienced entrepreneur and mentors and investors,” he shared.</p> <p>After five years, the accelerator has built an international fraternity in various parts of the world who share the vision of Rockstart and work to help the entrepreneurs to grow their business.</p> <p>“Though Rockstart was established in the Netherlands, around 70 per cent entrepreneurs are not Europeans. Through these years, we have been innovatively driven and impact oriented and will continue more effectively in the days to come,” he shared.</p> <p>In the programme which saw the participation of many mentors, investors, alumni of Rockstart and entrepreneurs, Kneppers expressed that “working with entrepreneurs is not just helping them out for the growth but working with them is a learning experience for us as well”.</p> <p>Peter Tropper, emerging market investment expert and an international investor, Victorya Ous, programme director of Rockstart Impact, Niraj Khanal, director at One to Watch and Ashish Adhikari, founder of RedMud Coffee and alumni of Rockstart also spoke about the impacts of Rockstart Impact in building the entrepreneurial ecosystem in Nepal.</p> <p>During the programme, the accelerator also announced that they have been getting applications for the 100 days accelerator programme to be held in November. The deadline for the application is October 5.</p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6417', 'image' => '20170921043657_21559049_846777012166640_1867513749713259612_n.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6633', 'article_category_id' => '1', 'title' => 'Union Life Insurance to Start Operation from September 22', 'sub_title' => '', 'summary' => 'September 21: The Insurance Board has given the final permission to Union Life Insurance Company to start commercial operation. ', 'content' => '<p>September 21: The Insurance Board has given the final permission to Union Life Insurance Company to start commercial operation. The board had taken the decision on September 18 but the company was informed about it through a letter two days later.</p> <p>Upon receiving the green signal from the board, Union Life will be starting its commercial operation from September 22. Another insurance company, IME Life Insurance, has recently started its operation while Sun Life Insurance will also start its operation from September 22.</p> <p>Reputed business houses including Jagadamba Group, Golchha Organization and Gadia Group are the promoters of Union Life Insurance. Sulav Agrawal is the chairman of the board of directors of the company. Shekhar Golchha from Golchha Organization and Sandip Kumar Agrawal from Gadia Group are the other members of the board of directors. Similarly, Manoj Kumar Lal Karna is the CEO of the company. The corporate office of the insurance company is located at New Baneshwar.</p> <p>Altogether 10 insurance companies that got license to start operation recently are in the final phase of starting their operation.</p> <p>Ministry of Finance (MoF) has provided license to 10 life insurance companies for operation. After obtaining the license, the companies fulfilling all the other criteria are given the final permission to start commercial operation. To get the final permission, the companies need to have a paid-up capital of Rs 2 billion, staff, necessary office infrastructure among other things. </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6416', 'image' => null, 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6632', 'article_category_id' => '1', 'title' => 'Experts Stress the Need to Review Housing Policies', 'sub_title' => '', 'summary' => 'September 21: Experts stressed the need to review housing policies at operational level in order to create a safer living space in the densely populated urban areas.', 'content' => '<p>September 21: Experts stressed the need to review housing policies at operational level in order to create a safer living space in the densely populated urban areas. They shared such views during a discussion program titled <em>‘Rebuilding Safer Urban Spaces’ organized by </em>South Asia Watch on Trade, Economics and Environment (SAWTEE) on September 20.</p> <p>SAWTEE said this was the fourth such discussion forum it has organized under the project <em>‘Initiating dialogue on Post Disaster Reconstruction Experience’ </em>undertaken with support from The Asia Foundation.</p> <p>Themes such as “Nepal Post Disaster Reconstruction Experience: Current Status and Lessons learnt”, “Migration and Labour Dynamics in Post Disaster Nepal”, and “Expenditure Analysis and Tracking of Post-Earthquake reconstruction programmes” have already been covered in similar previous events, SAWTEE said in a statement.</p> <p> Making a presentation on <em>‘Rebuilding Safer Urban Spaces’</em>, Kishore Thapa, former secretary at the Ministry of Urban Development and expert member of the steering committee at the National Reconstruction Authority (NRA), pointed out the need of strictly enforcing “Settlement Development, Urban Development and Building Construction Basic Byelaws 2072”, which was one of the major changes imposed as one of the first rebuilding exercises.</p> <p>However, its success will depend on conviction of citizens that these rules are for their own benefit and capacity of the local governments for strictly implementing these regulations, he added.</p> <p>In addition, he drew attention towards reviewing existing housing policies, operational guidelines and responsible agencies to ensure safer living spaces. Thapa further added that integral part of reconstruction in the urban spaces, especially in the valley, pertains to reviving cultural heritage and traditional settlements with minimum aesthetic and structural intervention, the statement said. Similarly, he also drew attention to the lack of open spaces that affected the initial relief and recovery works in the immediate aftermath of the earthquakes.</p> <p>Surya Bhakta Sangachchen, technical advisor to the National Society for Earthquake Technology (NSET) and former director general at the Department of Urban Planning and Building Reconstruction, stressed on the stakeholder engagement between central government, community and local level, in order to achieve harmonious and acceptable rebuilding.</p> <p>He cited the example of Boudhanath Stupa that involved local participation from the support of government entities. In addition, he also pointed out the possibility of house pooling to be undertaken at the core city areas in Kathmandu and Lalitpur such as Kilagal and Pilachhen, respectively, could provide blueprint for the reconstruction.</p> <p>Bhesh Narayan Dahal, director general at the Department of Archaeology, pointed out the government efforts towards preservation and reconstruction of the cultural heritages and emphasised government’s priority towards preserving national heritage as far as possible in the reconstruction process. </p> <p>Chairing the discussion forum, Prof Dr Sudarshan Raj Tiwari, former dean of the Institute of Engineering, said that in adopting modern technology, traditional and indigenous knowledge should not be discarded. He said that traditional and indigenous knowledge has been proved time and again after withstanding various disasters and thus emphasised on footprint conservation.</p> <p>Adding to that, vice chairperson of SAWTEE, Urmila Joshi, said that the best possible way forward is to integrate new technology with the traditional knowledge so that we can have best of both worlds in building safer spaces.</p> <p>According to SAWTEE, some 30 participants from various organizations, including research institutions, experts, activists and development partners, participated in the event.</p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6415', 'image' => '20170921030540_sawtee.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '6646', 'article_category_id' => '1', 'title' => 'WB's USD 60 Mn for Technical and Vocational Training', 'sub_title' => '', 'summary' => 'October 4: The World Bank has approved a USD 60 million credit to support the second phase of the Enhanced Vocational Education and Training Project in Nepal.', 'content' => '<p>October 4: The World Bank has approved a USD 60 million credit to support the second phase of the Enhanced Vocational Education and Training Project in Nepal.</p> <p>The second phase of training is designed to help the country improve equitable access to market relevant training programs and to strengthen the delivery of Technical Education and Vocational Training (TEVT), according to the World Bank.</p> <p>In Nepal, TVET is an important intermediary between youth and the labor market through the provision of pre-employment skills, reads a press statement issued by the World Bank.</p> <p>According to the World Bank, between 450,000 and 500,000 Nepali youth come of working age every year, most of whom will enter either the domestic or the foreign labor market with limited education and skills.</p> <p>On the other hand, the annual intake capacity in short-term and long-term TVET programs in the country was between 100,000 and 120,000 in 2016, the bank further said. While TVET has grown in size over time with formal and informal providers across a variety of government and non-government entities, it continues to face the challenges of quality training for domestic and foreign labor markets, inclusion and cohesion.</p> <p>“Skill development of the workforce through investment in human capital including technical and vocational education and training are critical for the successful implementation of the country’s emerging jobs agenda,” said Takuya Kamata, the World Bank’s country manager for Nepal.</p> <p>Activities in the second phase training include upgrading the quality of TVET facilities, supporting key human resources that are critical for the quality of service delivery, improving access for disadvantaged groups, supporting missing links between training and placement to help youth find work, improving the availability of information linking skills supply and demand, and improving governance through performance-based funding of training providers, according to the bank. The project will also support migrants through training and skill testing and certification.</p> <p>“While there is substantial underemployment and informal employment dominates, an increased focus on skills and employability will help Nepal benefit from its potential youth dividend,” said Sangeeta Goyal, senior economist and the bank’s task team leader for the project.</p> ', 'published' => true, 'created' => '2017-10-04', 'modified' => '2017-10-04', 'keywords' => '', 'description' => '', 'sortorder' => '6429', 'image' => '20171004041609_wb.jpg', 'article_date' => '2017-10-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6645', 'article_category_id' => '1', 'title' => 'Government Promoting ‘Syndicate System’ on Imported Vehicles', 'sub_title' => '', 'summary' => 'October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. ', 'content' => '<p>October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. The government has given entrepreneurs a chance to amass hefty amount by adopting a policy to support syndicate system since a decade.</p> <p>The government had introduced provisions to import vehicles by making special arrangement in the Finance Act.</p> <p>As per the provision, only the manufacturer of the vehicles or the authrised distributor can import vehicles into the country. Taking advantage of this provision, the distributors have been making good profit from the sales of the vehicles.</p> <p>Stakeholders have complained that the authorised distributors have been charging exorbitant prices for the vehicles due to the monopoly they enjoy in importing vehicles.</p> <p>Communications Officer at the Department of Customs Kul Raj Gyawali informed that only the authorised distributor can import vehicles into the country as per the existing rules. Gyawali claimed that such provision was necessary for the proper management and monitoring of imported vehicles. The government introduced the controversial provision by amending the Finance Act between 2016-2067.</p> <p>Analysts say that the government has promoted monopoly by amending the act. Earlier, anyone could have imported vehicles by fulfilling the due processes. Unlike the restriction in importing vehicles, there isn’t any such provision in importing other products.</p> <p>Since others cannot import vehicles except the authorised distributors, they have been charging exorbitant fees for the vehicles. It has been found that the distributors make up to Rs 1 million profit by selling a single vehicle.</p> <p>Customs officials say that the distributors set the price at their will as there is no clear legal provision on the price ceiling although the provision has made it mandatory to update the price list every four months.</p> <p>The government has been supporting the syndicate system since the importers pay income tax from the profit. The government has been imposing high rate of tax from imported vehicles. The government charges 230 percent tax on vehicles imported from India and 225 percent tax on vehicles imported from third countries.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-10-04', 'modified' => '2017-10-04', 'keywords' => '', 'description' => '', 'sortorder' => '6428', 'image' => null, 'article_date' => '2017-10-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6644', 'article_category_id' => '1', 'title' => 'ADB's USD 150 for Improving Urban Services Delivery, Infrastructure ', 'sub_title' => '', 'summary' => 'The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west', 'content' => '<p>September 26: The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west. Issuing a press statement, the Manila-based bank said that the project will help them become more sustainable, inclusive, and resilient places to live in for more than 1.5 million people.</p> <p>“Improving urban infrastructure and service delivery in major urban areas in Nepal, including in the Terai region, is a must given their importance to the country’s economy and development,” says Vivian Castro-Wooldridge, an ADB Urban Development Specialist. “Toward these aims, the project will ensure that people in the southern parts of Nepal are living in areas that are safe, sustainable, inclusive, and resilient to climate change,” he adds.</p> <p>Urbanization in Nepal has been growing at a rapid pace at about 6 percent since the 1970s, however, this has not contributed significantly to inclusive economic growth due to inadequate urban planning, weak institutions, neglected operations and maintenance (O&M) of existing urban infrastructures, as well as limited technical capacity. “To address this issue, it is estimated that the government would need to double its spending on urban infrastructure to meet the backlog of future demand up to 2030 worth USD 24.5 billion,” reads the statement.</p> <p>According to ADB, investments from the Regional Urban Development Project will focus on eight municipalities from the southern Terai region, including four municipalities from the less-developed Province 7 in far-western Nepal. The project will enhance urban infrastructure in municipalities in the Terai region, incorporating climate-resilient and sustainable features, reducing flooding duration to less than an hour in eight municipalities. This includes the construction and rehabilitation of 200 kilometers (km) of storm water drains, improvement of 240 km of roads, construction of at least 40 km of footpaths responsive to the needs of elderly, women, children, and people with disabilities, building of four sanitary landfills and resource recovery centers, and construction of 20 km of sewers while connecting 7,500 households to the sewerage system in Biratnagar, among others.</p> <p>According to statement, the project will mark ADB’s first investment in urban infrastructure in Province 7 and will improve flood management, mobility, and solid waste management. It will also assist the development of urban plans and bylaws that reflect greater disaster risk resilience, improved land management, and regional development. ADB hopes that municipal capacity will be strengthened through the implementation of a performance-based socioeconomic development program.</p> <p>The project will also support a project development facility for the preparation of a pipeline of urban infrastructure projects, particularly in solid waste management, drainage, roads, water supply, and sanitation, with high readiness to reduce future startup delays, according to ADB.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6427', 'image' => '20170926034724_ADB.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6642', 'article_category_id' => '1', 'title' => 'Komatsu Launches Hydraulic Breaker ', 'sub_title' => '', 'summary' => 'September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.', 'content' => '<p>September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.</p> <p>According to the company, the hydraulic breaker is superior in technology and delivers high impact force, thus making it an ideal choice for customers to maximize their productivity.</p> <p>“Komatsu breakers are highly reliable and durable along with accumulator-free design which enables to achieve productivity under lowest operating cost,” the company said in a statement.</p> <p>Continental Trading Enterprises asserted that its machines are popular for their efficiency and durability.</p> <p>“Further, the company offers after-sales services from various locations of the country, which makes the Komatsu machines having the lowest down time in Nepal. All this ensures the best resale value of all the Komatsu machines,” the statement added.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6426', 'image' => '20170926035423_Komatsu-1188.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6641', 'article_category_id' => '1', 'title' => 'Electricity Bill Payment through NMB Bank', 'sub_title' => '', 'summary' => 'September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. ', 'content' => '<p>September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. NMB customers can now make the payment through mobile banking service. The bank’s customers can log in to their account and enter the counter name, account number and electricity customers’ list to see their bill and make the payment, the bank said in a statement.</p> <p>The bank’s CEO Sunil KC informed that the bank has been upgrading its services through digital technologies to make the banking transactions easy, accessible and hassle free.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6425', 'image' => '20170926110200_index.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6640', 'article_category_id' => '1', 'title' => 'Bhatta wins Rs 100,000', 'sub_title' => '', 'summary' => 'September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. ', 'content' => '<p>September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. Bhatta won the amount on the basis of coupon number he received on purchase of Hero motorcycle. As per the scheme, customers of Hero motorcycles and scooters were assured of at least Rs 6,000 discount in addition to scratch card from which they could win up to Rs 100,000. The customers were also eligible to win a weekly bumper prize of Rs 100,000 through lucky draw.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6424', 'image' => '20170926105027_images.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6639', 'article_category_id' => '1', 'title' => 'Sales of LG Washing Machines up', 'sub_title' => '', 'summary' => 'September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar. ', 'content' => '<p>September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar. LG’s authorized distributor in Nepal informed that the sales has increased as the company introduced ‘super cooker’ prize during the occasion of Dashain and Tihar on purchase of the washing machine. The distributor informed that the modern washing machine washes clothes in less than one hour.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6423', 'image' => '20170926104339_lg-logo.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6638', 'article_category_id' => '1', 'title' => 'John Players Announces Discount Offers', 'sub_title' => '', 'summary' => 'September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand. ', 'content' => '<p>John Players Announces Discount Offers</p> <p>September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand. As per the scheme, customers buying clothes more than Rs 9,999 will get 15 percent discount while those buying goods more than 6,999 will be entitled to 10 percent discount. This offer is valid for formal dresses, casual dresses and Denim wear.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6422', 'image' => 'index.png', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6643', 'article_category_id' => '1', 'title' => 'Vijaya Distillery to Launch Special Golfer’s Limited Edition Whiskey', 'sub_title' => '', 'summary' => 'September 26: Vijaya Distillery is set to launch its special Golfer’s Edition, Nepal’s first blended malt scotch whisky—Master Selection.', 'content' => '<p><strong>September 26:</strong> Vijaya Distillery is set to launch its special Golfer’s Edition, Nepal’s first blended malt scotch whisky—Master Selection.</p> <p>According to the company, Master Selection is a luxurious, one-of-a kind blended malt Scotch whisky; and it marks an expansion of the Vijaya Distillery into the world of ultra-premium segment liquor products.</p> <p>“Master Selection preserves the provenance and heritage of Scotch whisky, with its craft credentials and handpicked flavors. An unforgettable experience—the dream of every elite mixologists, whisky-lovers and makers—is guaranteed with every zesty yet smooth sip of Nepal’s first blended malt Scotch whisky,” the company said in a statement.</p> <p>“This Scotch whisky has already been attracting an elite group of scotch whisky lovers to purchase it straight from the distillery,” the statement said.</p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6421', 'image' => '20170926111926_MS_PACKSHOT.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6637', 'article_category_id' => '1', 'title' => 'Lifetime Achievement Award Conferred to Prem Bahadur Shrestha', 'sub_title' => '', 'summary' => 'September 24: Founder of Nepal’s reputed business house Panchakanya Group, Prem Bahadur Shrestha, has been conferred the Lifetime Achievement Award for his contributions to the business sector.', 'content' => '<p>September 24: Founder of Nepal’s reputed business house Panchakanya Group, Prem Bahadur Shrestha, has been conferred with the NewBiz Lifetime Achievement Award for his contributions to the business sector.</p> <p>Shrestha, 87, was received the title at the 4<sup>th</sup> Asian Paints New Business Conclave and Awards 2017 held on September 22 at the Hotel Soaltee Crowne Plaza.</p> <p>Born in Ilam, Shrestha started his business from Fikal. What he started as a small business in now one of the leading business houses of the country with nationwide coverage.</p> <p>Upon receiving the award, Shrestha said that he felt reenergized for being recognised for his contribution to the country’s business sector.</p> <p>He said that Nepal was lagging behind in development and urged everyone to utilise their time properly.</p> <p>Shrestha had started a grocery and cloth store in Fikal, which has now grown into Panchakanya Group under which falls a number of industries including wood, steel, pipe, wire as well as hydropower company.</p> <p>Three generations of Shrestha’s family are actively involved in Panchakanya Group.</p> <p>Shrestha said that honesty was his first commercial norm and he stressed on the need to end corruption and create employment opportunities in the country.</p> <p>Stating that industrial development requires political stability, Shrestha said that the country can attain development only if corruption is rooted out.</p> <p>“Nepal is a diamond mine. If we can properly utilize the opportunities here, no one will have to go abroad,” said Shrestha.</p> <p>“What we lack is honest leadership,” he added. </p> ', 'published' => true, 'created' => '2017-09-24', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6420', 'image' => '20170924033911_sad.jpg', 'article_date' => '2017-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6636', 'article_category_id' => '1', 'title' => 'Sipradi Trading Declared Best Managed Company', 'sub_title' => '', 'summary' => 'September 23: Sipradi Trading Private Limited has been declared the Best Managed Company at the New Business Conclave and Award 2017 in the capital on Friday, September 22.', 'content' => '<p>September 23: Sipradi Trading Private Limited has been declared the Best Managed Company at the New Business Conclave and Award 2017 in the capital on Friday, September 22.</p> <p>During the awards ceremony held at Hotel Soaltee Crowne Plaza, 25 companies including Sipradi Trading and one individual were honoured for their contribution to the business sector of Nepal.</p> <p>The awards ceremony being held annually by New Business Age since 2013 in one of the most reputed awards of the country. However, the awards were not held during 2015 due to the devastating earthquakes.</p> <p>Meanwhile, the award for Best Joint Venture Company went to Unilever Nepal Limited while Nabil Bank was declared the Best Commercial Bank. Likewise, Gandaki Development Bank (Best Development Bank), ICFC (Best Finance Company), Nepal Life Insurance Company (Best Life Insurance Company), Shikhar Insurance Company (Best Non Life Insurance Company) won their respective awards.</p> <p>Sanimamai Hydropower Company (Best Hydropower Company), CE Construction (Best Housing Company)and Urban Girl Inc (Best Start-up Company) won the other awards. </p> <p>The Lifetime Achievement Award was conferred on Prem Bahadur Shrestha of Panchakanya Group for his vital contribution in the business sector of the country.</p> <p>The topic of the conclave during this edition was ‘Nepal Start-up Ecosystem’. During the interaction, speakers including William Grimminck, the founder of One to Watch; Sohan Babu Khatri, founder of Three H Management; Cunil KC, CEO of NMB Bank and Aayushi KC, CEO of Khalisisi, expressed their views regarding the status of start-ups in Nepal, their problems, opportunities and challenges.</p> <p>All the winners among the business houses from across the country were declared after evaluation of their performance by jury of specialists. The 11 different categories had different experts as jury members. The Best Managed Company was declared on the basis of employment, management practices, technology and innovation, market leadership, national coverage, public image, social responsiveness including social desirability of the Industry, corporate social responsibility, backward-forward linkages as well as the jury’s discretion.</p> <p>Addressing the awards ceremony, New Business Age Pvt Ltd’s Chairman Madan Lamsal said such function was organized with a view to promote and accelerate the development of industrial sector of the country. He assured of giving continuity to this awards ceremony in the coming years too.</p> <p>Lamsal also expressed his belief that the award would help encourage the business community and motivate them to provide better service.</p> <p>“Although the development of business is gaining pace, the concerned authorities have not given due attention to it,” said Lamsal.</p> <p> </p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:692px"> <p><strong>Award Winners 2017</strong></p> </td> </tr> <tr> <td style="width:692px"> <ol> <li><strong><em>Best Managed Company - Sipradi Trading Pvt Ltd</em></strong></li> </ol> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 2.Best Managed Joint Venture Company- Unilever Nepal Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 3. Best Managed Commercial Bank - Nabil Bank Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 1<sup>st </sup>Runner up -Nepal Investment Bank</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 2nd Runner up - Nepal SBI Bank</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 3<sup>rd </sup>Runner up - Standard Chartered Bank </em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 4<sup>th</sup> Runner up - Everest Bank </em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 4.Best Managed Development Bank- Gandaki Development Bank Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Development Bank 1st Runner up-Kailash Development Bank Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Development Bank 2<sup>nd</sup> Runner up - Muktinath Development Bank Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 5. Best Managed Finance Company - ICFC Finance Company Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Finance Company 1st Runner up - Guheshwori Marchant Banking & Finance</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Finance Company 2<sup>nd</sup> Runner up - United Finance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 6. Best Managed Life Insurance Company-Nepal Life Insurance Company (NLIC)</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Life Insurance Company 1st Runner up - National Life Insurance Company Ltd </em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Life Ins Company 2<sup>nd </sup>Runner up - Life Insurance Corporation (Nepal) Ltd (LICN)</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 7. Best Managed Non-life Insurance Company - Shikhar Insurance Company Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Non-life Insurance Company 1st Runner up- Neco Insurance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Non-life Insurance Company 2<sup>nd </sup>Runner up - Prudential Insurance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 8. Best Managed Hydro Power Company-Sanima Mai Hydropower Company</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 9. Best Managed Housing Company- CE Construction</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Housing Company 1st Runner up - Sunrise Homes</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Housing Company 2<sup>nd </sup>Runner up - Greenhill City</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 10. Best Start Up Company-Urban Girl Inc.</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p> A Special Recognition <em>- Waste Services Pvt Ltd, Pokhara</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 11. Lifetime Achievement in Business Leadership – Prem Bahadur Shrestha, founder, Panchakanya Group</em></strong></p> </td> </tr> </tbody> </table> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-23', 'modified' => '2017-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '6419', 'image' => '20170923021840_66.JPG', 'article_date' => '2017-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6635', 'article_category_id' => '1', 'title' => 'Call for Air Safety, Tribute Ride in Memory of the Victims of PIA Air Crash', 'sub_title' => '', 'summary' => 'September 21: To mark the 25th anniversary of Pakistan International Airlines crash in 1992 in Nepal, and to call for making the air space safe, Rupak Memorial Foundation (RMF) is organizing a bicycle ride on September 23, Saturday to the PIA Memorial Park, Lele.', 'content' => '<p>September 21: To mark the 25th anniversary of Pakistan International Airlines crash in 1992 in Nepal, and to call for making the air space safe, Rupak Memorial Foundation (RMF) is organizing a bicycle ride on September 23, Saturday to the PIA Memorial Park, Lele.</p> <p>The ride will start from RMF building in Satdobato to PIA Memorial Park, Lele covering 24 kilometers altogether and conclude at the RMF, reads a press statement issued by the foundation.</p> <p>The foundation plans to organize a candle lightening program to pay tribute to all the deceased passengers. A short instrumental performance will be played by Team Sarangi.</p> <p>“We are anticipating 150 riders. We are also trying to encourage deaf bicycle riders to participate inorder to mark the International Deaf week. We are also providing few free registrations to women riders,” the foundation said in the statement. </p> <p>At the RMF a short interaction program will be organized on Airspace Scenario in Nepal. The objective of holding the interaction program is to promote air safety in Nepal. </p> <p>We invite the friends and family of the deceased of the PIA (Airbus A300B4-203) and other bicycle enthusiasts to join the ride and be a part of interaction program to promote air safety in Nepal.</p> <p>The speakers of the program will be Sanjiv Gautam, director general of CAAN; Heman Arjyal, aviation enthusiast, and a representative from the Airlines Association of Nepal. </p> <p>According to the foundation, the event is supported by well-wishers, Buddha Air, Real Fruit Power, Star Hospital, Hamro Kitchen, Project Sarangi, Pangro and TSN Corporation, Key Advertisement.</p> <p>Rupak Memorial Foundation (RMF) is a non-profit oriented organization founded in 1992 to commemorate the contribution of national talent late Rupak Raj Sharma. Late Sharma was not only a brilliant serviceman but an exceptional and accomplished sportsperson too. His name is associated with football as he served as the captain of the Nepali national football team for fourteen years and after retirement, continued to be in the football field in the capacity of referee. He was the first Nepali to get his referee license from Federation of International Football Association (FIFA). </p> <p>On September 28, 1992, Pakistan International Airlines (Airbus A300B4-203) crashed in Lele en route to landing at Tribhuvan International Airport, Kathmandu killing 167 passengers onboard, including Sharma. It was the 100th airline crash with more than 100 casualties in the history of aviation. </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6418', 'image' => '20170921045051_Poster.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6634', 'article_category_id' => '1', 'title' => 'Rockstart Founder in the Capital', 'sub_title' => '', 'summary' => 'September 21: Oscar Kneppers, the founder of Rockstart Accelerators, is in Nepal to observe the entrepreneurship scenario in Nepal. ', 'content' => '<p>September 21: Oscar Kneppers, the founder of Rockstart Accelerators, is in Nepal to observe the entrepreneurship scenario in Nepal. The Netherlands-based business accelerator programme has been helping start-ups in Nepal through Rockstart Impact, which organised an interaction programme with Kneppers on September 20. </p> <p>During the interaction, Kneppers shared his experience about starting Rockstart. Prior to establishing Rockstart, Kneppers launched several cross media brands since 1998 focusing on new media, innovation and technology. He founded Rockstart in 2001 after selling his two businesses, Emerce in 2001 and Bright in 2008.</p> <p>“Rockstart was started with a vision to help the communities which believe in the power of entrepreneurship to change the scenario by giving a platform to them to share their experience with other struggling entrepreneurs, connecting them with experienced entrepreneur and mentors and investors,” he shared.</p> <p>After five years, the accelerator has built an international fraternity in various parts of the world who share the vision of Rockstart and work to help the entrepreneurs to grow their business.</p> <p>“Though Rockstart was established in the Netherlands, around 70 per cent entrepreneurs are not Europeans. Through these years, we have been innovatively driven and impact oriented and will continue more effectively in the days to come,” he shared.</p> <p>In the programme which saw the participation of many mentors, investors, alumni of Rockstart and entrepreneurs, Kneppers expressed that “working with entrepreneurs is not just helping them out for the growth but working with them is a learning experience for us as well”.</p> <p>Peter Tropper, emerging market investment expert and an international investor, Victorya Ous, programme director of Rockstart Impact, Niraj Khanal, director at One to Watch and Ashish Adhikari, founder of RedMud Coffee and alumni of Rockstart also spoke about the impacts of Rockstart Impact in building the entrepreneurial ecosystem in Nepal.</p> <p>During the programme, the accelerator also announced that they have been getting applications for the 100 days accelerator programme to be held in November. The deadline for the application is October 5.</p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6417', 'image' => '20170921043657_21559049_846777012166640_1867513749713259612_n.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6633', 'article_category_id' => '1', 'title' => 'Union Life Insurance to Start Operation from September 22', 'sub_title' => '', 'summary' => 'September 21: The Insurance Board has given the final permission to Union Life Insurance Company to start commercial operation. ', 'content' => '<p>September 21: The Insurance Board has given the final permission to Union Life Insurance Company to start commercial operation. The board had taken the decision on September 18 but the company was informed about it through a letter two days later.</p> <p>Upon receiving the green signal from the board, Union Life will be starting its commercial operation from September 22. Another insurance company, IME Life Insurance, has recently started its operation while Sun Life Insurance will also start its operation from September 22.</p> <p>Reputed business houses including Jagadamba Group, Golchha Organization and Gadia Group are the promoters of Union Life Insurance. Sulav Agrawal is the chairman of the board of directors of the company. Shekhar Golchha from Golchha Organization and Sandip Kumar Agrawal from Gadia Group are the other members of the board of directors. Similarly, Manoj Kumar Lal Karna is the CEO of the company. The corporate office of the insurance company is located at New Baneshwar.</p> <p>Altogether 10 insurance companies that got license to start operation recently are in the final phase of starting their operation.</p> <p>Ministry of Finance (MoF) has provided license to 10 life insurance companies for operation. After obtaining the license, the companies fulfilling all the other criteria are given the final permission to start commercial operation. To get the final permission, the companies need to have a paid-up capital of Rs 2 billion, staff, necessary office infrastructure among other things. </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6416', 'image' => null, 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6632', 'article_category_id' => '1', 'title' => 'Experts Stress the Need to Review Housing Policies', 'sub_title' => '', 'summary' => 'September 21: Experts stressed the need to review housing policies at operational level in order to create a safer living space in the densely populated urban areas.', 'content' => '<p>September 21: Experts stressed the need to review housing policies at operational level in order to create a safer living space in the densely populated urban areas. They shared such views during a discussion program titled <em>‘Rebuilding Safer Urban Spaces’ organized by </em>South Asia Watch on Trade, Economics and Environment (SAWTEE) on September 20.</p> <p>SAWTEE said this was the fourth such discussion forum it has organized under the project <em>‘Initiating dialogue on Post Disaster Reconstruction Experience’ </em>undertaken with support from The Asia Foundation.</p> <p>Themes such as “Nepal Post Disaster Reconstruction Experience: Current Status and Lessons learnt”, “Migration and Labour Dynamics in Post Disaster Nepal”, and “Expenditure Analysis and Tracking of Post-Earthquake reconstruction programmes” have already been covered in similar previous events, SAWTEE said in a statement.</p> <p> Making a presentation on <em>‘Rebuilding Safer Urban Spaces’</em>, Kishore Thapa, former secretary at the Ministry of Urban Development and expert member of the steering committee at the National Reconstruction Authority (NRA), pointed out the need of strictly enforcing “Settlement Development, Urban Development and Building Construction Basic Byelaws 2072”, which was one of the major changes imposed as one of the first rebuilding exercises.</p> <p>However, its success will depend on conviction of citizens that these rules are for their own benefit and capacity of the local governments for strictly implementing these regulations, he added.</p> <p>In addition, he drew attention towards reviewing existing housing policies, operational guidelines and responsible agencies to ensure safer living spaces. Thapa further added that integral part of reconstruction in the urban spaces, especially in the valley, pertains to reviving cultural heritage and traditional settlements with minimum aesthetic and structural intervention, the statement said. Similarly, he also drew attention to the lack of open spaces that affected the initial relief and recovery works in the immediate aftermath of the earthquakes.</p> <p>Surya Bhakta Sangachchen, technical advisor to the National Society for Earthquake Technology (NSET) and former director general at the Department of Urban Planning and Building Reconstruction, stressed on the stakeholder engagement between central government, community and local level, in order to achieve harmonious and acceptable rebuilding.</p> <p>He cited the example of Boudhanath Stupa that involved local participation from the support of government entities. In addition, he also pointed out the possibility of house pooling to be undertaken at the core city areas in Kathmandu and Lalitpur such as Kilagal and Pilachhen, respectively, could provide blueprint for the reconstruction.</p> <p>Bhesh Narayan Dahal, director general at the Department of Archaeology, pointed out the government efforts towards preservation and reconstruction of the cultural heritages and emphasised government’s priority towards preserving national heritage as far as possible in the reconstruction process. </p> <p>Chairing the discussion forum, Prof Dr Sudarshan Raj Tiwari, former dean of the Institute of Engineering, said that in adopting modern technology, traditional and indigenous knowledge should not be discarded. He said that traditional and indigenous knowledge has been proved time and again after withstanding various disasters and thus emphasised on footprint conservation.</p> <p>Adding to that, vice chairperson of SAWTEE, Urmila Joshi, said that the best possible way forward is to integrate new technology with the traditional knowledge so that we can have best of both worlds in building safer spaces.</p> <p>According to SAWTEE, some 30 participants from various organizations, including research institutions, experts, activists and development partners, participated in the event.</p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6415', 'image' => '20170921030540_sawtee.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '6646', 'article_category_id' => '1', 'title' => 'WB's USD 60 Mn for Technical and Vocational Training', 'sub_title' => '', 'summary' => 'October 4: The World Bank has approved a USD 60 million credit to support the second phase of the Enhanced Vocational Education and Training Project in Nepal.', 'content' => '<p>October 4: The World Bank has approved a USD 60 million credit to support the second phase of the Enhanced Vocational Education and Training Project in Nepal.</p> <p>The second phase of training is designed to help the country improve equitable access to market relevant training programs and to strengthen the delivery of Technical Education and Vocational Training (TEVT), according to the World Bank.</p> <p>In Nepal, TVET is an important intermediary between youth and the labor market through the provision of pre-employment skills, reads a press statement issued by the World Bank.</p> <p>According to the World Bank, between 450,000 and 500,000 Nepali youth come of working age every year, most of whom will enter either the domestic or the foreign labor market with limited education and skills.</p> <p>On the other hand, the annual intake capacity in short-term and long-term TVET programs in the country was between 100,000 and 120,000 in 2016, the bank further said. While TVET has grown in size over time with formal and informal providers across a variety of government and non-government entities, it continues to face the challenges of quality training for domestic and foreign labor markets, inclusion and cohesion.</p> <p>“Skill development of the workforce through investment in human capital including technical and vocational education and training are critical for the successful implementation of the country’s emerging jobs agenda,” said Takuya Kamata, the World Bank’s country manager for Nepal.</p> <p>Activities in the second phase training include upgrading the quality of TVET facilities, supporting key human resources that are critical for the quality of service delivery, improving access for disadvantaged groups, supporting missing links between training and placement to help youth find work, improving the availability of information linking skills supply and demand, and improving governance through performance-based funding of training providers, according to the bank. The project will also support migrants through training and skill testing and certification.</p> <p>“While there is substantial underemployment and informal employment dominates, an increased focus on skills and employability will help Nepal benefit from its potential youth dividend,” said Sangeeta Goyal, senior economist and the bank’s task team leader for the project.</p> ', 'published' => true, 'created' => '2017-10-04', 'modified' => '2017-10-04', 'keywords' => '', 'description' => '', 'sortorder' => '6429', 'image' => '20171004041609_wb.jpg', 'article_date' => '2017-10-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6645', 'article_category_id' => '1', 'title' => 'Government Promoting ‘Syndicate System’ on Imported Vehicles', 'sub_title' => '', 'summary' => 'October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. ', 'content' => '<p>October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. The government has given entrepreneurs a chance to amass hefty amount by adopting a policy to support syndicate system since a decade.</p> <p>The government had introduced provisions to import vehicles by making special arrangement in the Finance Act.</p> <p>As per the provision, only the manufacturer of the vehicles or the authrised distributor can import vehicles into the country. Taking advantage of this provision, the distributors have been making good profit from the sales of the vehicles.</p> <p>Stakeholders have complained that the authorised distributors have been charging exorbitant prices for the vehicles due to the monopoly they enjoy in importing vehicles.</p> <p>Communications Officer at the Department of Customs Kul Raj Gyawali informed that only the authorised distributor can import vehicles into the country as per the existing rules. Gyawali claimed that such provision was necessary for the proper management and monitoring of imported vehicles. The government introduced the controversial provision by amending the Finance Act between 2016-2067.</p> <p>Analysts say that the government has promoted monopoly by amending the act. Earlier, anyone could have imported vehicles by fulfilling the due processes. Unlike the restriction in importing vehicles, there isn’t any such provision in importing other products.</p> <p>Since others cannot import vehicles except the authorised distributors, they have been charging exorbitant fees for the vehicles. It has been found that the distributors make up to Rs 1 million profit by selling a single vehicle.</p> <p>Customs officials say that the distributors set the price at their will as there is no clear legal provision on the price ceiling although the provision has made it mandatory to update the price list every four months.</p> <p>The government has been supporting the syndicate system since the importers pay income tax from the profit. The government has been imposing high rate of tax from imported vehicles. The government charges 230 percent tax on vehicles imported from India and 225 percent tax on vehicles imported from third countries.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-10-04', 'modified' => '2017-10-04', 'keywords' => '', 'description' => '', 'sortorder' => '6428', 'image' => null, 'article_date' => '2017-10-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6644', 'article_category_id' => '1', 'title' => 'ADB's USD 150 for Improving Urban Services Delivery, Infrastructure ', 'sub_title' => '', 'summary' => 'The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west', 'content' => '<p>September 26: The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west. Issuing a press statement, the Manila-based bank said that the project will help them become more sustainable, inclusive, and resilient places to live in for more than 1.5 million people.</p> <p>“Improving urban infrastructure and service delivery in major urban areas in Nepal, including in the Terai region, is a must given their importance to the country’s economy and development,” says Vivian Castro-Wooldridge, an ADB Urban Development Specialist. “Toward these aims, the project will ensure that people in the southern parts of Nepal are living in areas that are safe, sustainable, inclusive, and resilient to climate change,” he adds.</p> <p>Urbanization in Nepal has been growing at a rapid pace at about 6 percent since the 1970s, however, this has not contributed significantly to inclusive economic growth due to inadequate urban planning, weak institutions, neglected operations and maintenance (O&M) of existing urban infrastructures, as well as limited technical capacity. “To address this issue, it is estimated that the government would need to double its spending on urban infrastructure to meet the backlog of future demand up to 2030 worth USD 24.5 billion,” reads the statement.</p> <p>According to ADB, investments from the Regional Urban Development Project will focus on eight municipalities from the southern Terai region, including four municipalities from the less-developed Province 7 in far-western Nepal. The project will enhance urban infrastructure in municipalities in the Terai region, incorporating climate-resilient and sustainable features, reducing flooding duration to less than an hour in eight municipalities. This includes the construction and rehabilitation of 200 kilometers (km) of storm water drains, improvement of 240 km of roads, construction of at least 40 km of footpaths responsive to the needs of elderly, women, children, and people with disabilities, building of four sanitary landfills and resource recovery centers, and construction of 20 km of sewers while connecting 7,500 households to the sewerage system in Biratnagar, among others.</p> <p>According to statement, the project will mark ADB’s first investment in urban infrastructure in Province 7 and will improve flood management, mobility, and solid waste management. It will also assist the development of urban plans and bylaws that reflect greater disaster risk resilience, improved land management, and regional development. ADB hopes that municipal capacity will be strengthened through the implementation of a performance-based socioeconomic development program.</p> <p>The project will also support a project development facility for the preparation of a pipeline of urban infrastructure projects, particularly in solid waste management, drainage, roads, water supply, and sanitation, with high readiness to reduce future startup delays, according to ADB.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6427', 'image' => '20170926034724_ADB.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6642', 'article_category_id' => '1', 'title' => 'Komatsu Launches Hydraulic Breaker ', 'sub_title' => '', 'summary' => 'September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.', 'content' => '<p>September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.</p> <p>According to the company, the hydraulic breaker is superior in technology and delivers high impact force, thus making it an ideal choice for customers to maximize their productivity.</p> <p>“Komatsu breakers are highly reliable and durable along with accumulator-free design which enables to achieve productivity under lowest operating cost,” the company said in a statement.</p> <p>Continental Trading Enterprises asserted that its machines are popular for their efficiency and durability.</p> <p>“Further, the company offers after-sales services from various locations of the country, which makes the Komatsu machines having the lowest down time in Nepal. All this ensures the best resale value of all the Komatsu machines,” the statement added.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6426', 'image' => '20170926035423_Komatsu-1188.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6641', 'article_category_id' => '1', 'title' => 'Electricity Bill Payment through NMB Bank', 'sub_title' => '', 'summary' => 'September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. ', 'content' => '<p>September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. NMB customers can now make the payment through mobile banking service. The bank’s customers can log in to their account and enter the counter name, account number and electricity customers’ list to see their bill and make the payment, the bank said in a statement.</p> <p>The bank’s CEO Sunil KC informed that the bank has been upgrading its services through digital technologies to make the banking transactions easy, accessible and hassle free.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6425', 'image' => '20170926110200_index.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6640', 'article_category_id' => '1', 'title' => 'Bhatta wins Rs 100,000', 'sub_title' => '', 'summary' => 'September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. ', 'content' => '<p>September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. Bhatta won the amount on the basis of coupon number he received on purchase of Hero motorcycle. As per the scheme, customers of Hero motorcycles and scooters were assured of at least Rs 6,000 discount in addition to scratch card from which they could win up to Rs 100,000. The customers were also eligible to win a weekly bumper prize of Rs 100,000 through lucky draw.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6424', 'image' => '20170926105027_images.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6639', 'article_category_id' => '1', 'title' => 'Sales of LG Washing Machines up', 'sub_title' => '', 'summary' => 'September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar. ', 'content' => '<p>September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar. LG’s authorized distributor in Nepal informed that the sales has increased as the company introduced ‘super cooker’ prize during the occasion of Dashain and Tihar on purchase of the washing machine. The distributor informed that the modern washing machine washes clothes in less than one hour.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6423', 'image' => '20170926104339_lg-logo.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6638', 'article_category_id' => '1', 'title' => 'John Players Announces Discount Offers', 'sub_title' => '', 'summary' => 'September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand. ', 'content' => '<p>John Players Announces Discount Offers</p> <p>September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand. As per the scheme, customers buying clothes more than Rs 9,999 will get 15 percent discount while those buying goods more than 6,999 will be entitled to 10 percent discount. This offer is valid for formal dresses, casual dresses and Denim wear.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6422', 'image' => 'index.png', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6643', 'article_category_id' => '1', 'title' => 'Vijaya Distillery to Launch Special Golfer’s Limited Edition Whiskey', 'sub_title' => '', 'summary' => 'September 26: Vijaya Distillery is set to launch its special Golfer’s Edition, Nepal’s first blended malt scotch whisky—Master Selection.', 'content' => '<p><strong>September 26:</strong> Vijaya Distillery is set to launch its special Golfer’s Edition, Nepal’s first blended malt scotch whisky—Master Selection.</p> <p>According to the company, Master Selection is a luxurious, one-of-a kind blended malt Scotch whisky; and it marks an expansion of the Vijaya Distillery into the world of ultra-premium segment liquor products.</p> <p>“Master Selection preserves the provenance and heritage of Scotch whisky, with its craft credentials and handpicked flavors. An unforgettable experience—the dream of every elite mixologists, whisky-lovers and makers—is guaranteed with every zesty yet smooth sip of Nepal’s first blended malt Scotch whisky,” the company said in a statement.</p> <p>“This Scotch whisky has already been attracting an elite group of scotch whisky lovers to purchase it straight from the distillery,” the statement said.</p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6421', 'image' => '20170926111926_MS_PACKSHOT.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6637', 'article_category_id' => '1', 'title' => 'Lifetime Achievement Award Conferred to Prem Bahadur Shrestha', 'sub_title' => '', 'summary' => 'September 24: Founder of Nepal’s reputed business house Panchakanya Group, Prem Bahadur Shrestha, has been conferred the Lifetime Achievement Award for his contributions to the business sector.', 'content' => '<p>September 24: Founder of Nepal’s reputed business house Panchakanya Group, Prem Bahadur Shrestha, has been conferred with the NewBiz Lifetime Achievement Award for his contributions to the business sector.</p> <p>Shrestha, 87, was received the title at the 4<sup>th</sup> Asian Paints New Business Conclave and Awards 2017 held on September 22 at the Hotel Soaltee Crowne Plaza.</p> <p>Born in Ilam, Shrestha started his business from Fikal. What he started as a small business in now one of the leading business houses of the country with nationwide coverage.</p> <p>Upon receiving the award, Shrestha said that he felt reenergized for being recognised for his contribution to the country’s business sector.</p> <p>He said that Nepal was lagging behind in development and urged everyone to utilise their time properly.</p> <p>Shrestha had started a grocery and cloth store in Fikal, which has now grown into Panchakanya Group under which falls a number of industries including wood, steel, pipe, wire as well as hydropower company.</p> <p>Three generations of Shrestha’s family are actively involved in Panchakanya Group.</p> <p>Shrestha said that honesty was his first commercial norm and he stressed on the need to end corruption and create employment opportunities in the country.</p> <p>Stating that industrial development requires political stability, Shrestha said that the country can attain development only if corruption is rooted out.</p> <p>“Nepal is a diamond mine. If we can properly utilize the opportunities here, no one will have to go abroad,” said Shrestha.</p> <p>“What we lack is honest leadership,” he added. </p> ', 'published' => true, 'created' => '2017-09-24', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6420', 'image' => '20170924033911_sad.jpg', 'article_date' => '2017-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6636', 'article_category_id' => '1', 'title' => 'Sipradi Trading Declared Best Managed Company', 'sub_title' => '', 'summary' => 'September 23: Sipradi Trading Private Limited has been declared the Best Managed Company at the New Business Conclave and Award 2017 in the capital on Friday, September 22.', 'content' => '<p>September 23: Sipradi Trading Private Limited has been declared the Best Managed Company at the New Business Conclave and Award 2017 in the capital on Friday, September 22.</p> <p>During the awards ceremony held at Hotel Soaltee Crowne Plaza, 25 companies including Sipradi Trading and one individual were honoured for their contribution to the business sector of Nepal.</p> <p>The awards ceremony being held annually by New Business Age since 2013 in one of the most reputed awards of the country. However, the awards were not held during 2015 due to the devastating earthquakes.</p> <p>Meanwhile, the award for Best Joint Venture Company went to Unilever Nepal Limited while Nabil Bank was declared the Best Commercial Bank. Likewise, Gandaki Development Bank (Best Development Bank), ICFC (Best Finance Company), Nepal Life Insurance Company (Best Life Insurance Company), Shikhar Insurance Company (Best Non Life Insurance Company) won their respective awards.</p> <p>Sanimamai Hydropower Company (Best Hydropower Company), CE Construction (Best Housing Company)and Urban Girl Inc (Best Start-up Company) won the other awards. </p> <p>The Lifetime Achievement Award was conferred on Prem Bahadur Shrestha of Panchakanya Group for his vital contribution in the business sector of the country.</p> <p>The topic of the conclave during this edition was ‘Nepal Start-up Ecosystem’. During the interaction, speakers including William Grimminck, the founder of One to Watch; Sohan Babu Khatri, founder of Three H Management; Cunil KC, CEO of NMB Bank and Aayushi KC, CEO of Khalisisi, expressed their views regarding the status of start-ups in Nepal, their problems, opportunities and challenges.</p> <p>All the winners among the business houses from across the country were declared after evaluation of their performance by jury of specialists. The 11 different categories had different experts as jury members. The Best Managed Company was declared on the basis of employment, management practices, technology and innovation, market leadership, national coverage, public image, social responsiveness including social desirability of the Industry, corporate social responsibility, backward-forward linkages as well as the jury’s discretion.</p> <p>Addressing the awards ceremony, New Business Age Pvt Ltd’s Chairman Madan Lamsal said such function was organized with a view to promote and accelerate the development of industrial sector of the country. He assured of giving continuity to this awards ceremony in the coming years too.</p> <p>Lamsal also expressed his belief that the award would help encourage the business community and motivate them to provide better service.</p> <p>“Although the development of business is gaining pace, the concerned authorities have not given due attention to it,” said Lamsal.</p> <p> </p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:692px"> <p><strong>Award Winners 2017</strong></p> </td> </tr> <tr> <td style="width:692px"> <ol> <li><strong><em>Best Managed Company - Sipradi Trading Pvt Ltd</em></strong></li> </ol> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 2.Best Managed Joint Venture Company- Unilever Nepal Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 3. Best Managed Commercial Bank - Nabil Bank Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 1<sup>st </sup>Runner up -Nepal Investment Bank</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 2nd Runner up - Nepal SBI Bank</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 3<sup>rd </sup>Runner up - Standard Chartered Bank </em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 4<sup>th</sup> Runner up - Everest Bank </em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 4.Best Managed Development Bank- Gandaki Development Bank Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Development Bank 1st Runner up-Kailash Development Bank Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Development Bank 2<sup>nd</sup> Runner up - Muktinath Development Bank Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 5. Best Managed Finance Company - ICFC Finance Company Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Finance Company 1st Runner up - Guheshwori Marchant Banking & Finance</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Finance Company 2<sup>nd</sup> Runner up - United Finance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 6. Best Managed Life Insurance Company-Nepal Life Insurance Company (NLIC)</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Life Insurance Company 1st Runner up - National Life Insurance Company Ltd </em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Life Ins Company 2<sup>nd </sup>Runner up - Life Insurance Corporation (Nepal) Ltd (LICN)</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 7. Best Managed Non-life Insurance Company - Shikhar Insurance Company Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Non-life Insurance Company 1st Runner up- Neco Insurance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Non-life Insurance Company 2<sup>nd </sup>Runner up - Prudential Insurance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 8. Best Managed Hydro Power Company-Sanima Mai Hydropower Company</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 9. Best Managed Housing Company- CE Construction</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Housing Company 1st Runner up - Sunrise Homes</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Housing Company 2<sup>nd </sup>Runner up - Greenhill City</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 10. Best Start Up Company-Urban Girl Inc.</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p> A Special Recognition <em>- Waste Services Pvt Ltd, Pokhara</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 11. Lifetime Achievement in Business Leadership – Prem Bahadur Shrestha, founder, Panchakanya Group</em></strong></p> </td> </tr> </tbody> </table> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-23', 'modified' => '2017-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '6419', 'image' => '20170923021840_66.JPG', 'article_date' => '2017-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6635', 'article_category_id' => '1', 'title' => 'Call for Air Safety, Tribute Ride in Memory of the Victims of PIA Air Crash', 'sub_title' => '', 'summary' => 'September 21: To mark the 25th anniversary of Pakistan International Airlines crash in 1992 in Nepal, and to call for making the air space safe, Rupak Memorial Foundation (RMF) is organizing a bicycle ride on September 23, Saturday to the PIA Memorial Park, Lele.', 'content' => '<p>September 21: To mark the 25th anniversary of Pakistan International Airlines crash in 1992 in Nepal, and to call for making the air space safe, Rupak Memorial Foundation (RMF) is organizing a bicycle ride on September 23, Saturday to the PIA Memorial Park, Lele.</p> <p>The ride will start from RMF building in Satdobato to PIA Memorial Park, Lele covering 24 kilometers altogether and conclude at the RMF, reads a press statement issued by the foundation.</p> <p>The foundation plans to organize a candle lightening program to pay tribute to all the deceased passengers. A short instrumental performance will be played by Team Sarangi.</p> <p>“We are anticipating 150 riders. We are also trying to encourage deaf bicycle riders to participate inorder to mark the International Deaf week. We are also providing few free registrations to women riders,” the foundation said in the statement. </p> <p>At the RMF a short interaction program will be organized on Airspace Scenario in Nepal. The objective of holding the interaction program is to promote air safety in Nepal. </p> <p>We invite the friends and family of the deceased of the PIA (Airbus A300B4-203) and other bicycle enthusiasts to join the ride and be a part of interaction program to promote air safety in Nepal.</p> <p>The speakers of the program will be Sanjiv Gautam, director general of CAAN; Heman Arjyal, aviation enthusiast, and a representative from the Airlines Association of Nepal. </p> <p>According to the foundation, the event is supported by well-wishers, Buddha Air, Real Fruit Power, Star Hospital, Hamro Kitchen, Project Sarangi, Pangro and TSN Corporation, Key Advertisement.</p> <p>Rupak Memorial Foundation (RMF) is a non-profit oriented organization founded in 1992 to commemorate the contribution of national talent late Rupak Raj Sharma. Late Sharma was not only a brilliant serviceman but an exceptional and accomplished sportsperson too. His name is associated with football as he served as the captain of the Nepali national football team for fourteen years and after retirement, continued to be in the football field in the capacity of referee. He was the first Nepali to get his referee license from Federation of International Football Association (FIFA). </p> <p>On September 28, 1992, Pakistan International Airlines (Airbus A300B4-203) crashed in Lele en route to landing at Tribhuvan International Airport, Kathmandu killing 167 passengers onboard, including Sharma. It was the 100th airline crash with more than 100 casualties in the history of aviation. </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6418', 'image' => '20170921045051_Poster.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6634', 'article_category_id' => '1', 'title' => 'Rockstart Founder in the Capital', 'sub_title' => '', 'summary' => 'September 21: Oscar Kneppers, the founder of Rockstart Accelerators, is in Nepal to observe the entrepreneurship scenario in Nepal. ', 'content' => '<p>September 21: Oscar Kneppers, the founder of Rockstart Accelerators, is in Nepal to observe the entrepreneurship scenario in Nepal. The Netherlands-based business accelerator programme has been helping start-ups in Nepal through Rockstart Impact, which organised an interaction programme with Kneppers on September 20. </p> <p>During the interaction, Kneppers shared his experience about starting Rockstart. Prior to establishing Rockstart, Kneppers launched several cross media brands since 1998 focusing on new media, innovation and technology. He founded Rockstart in 2001 after selling his two businesses, Emerce in 2001 and Bright in 2008.</p> <p>“Rockstart was started with a vision to help the communities which believe in the power of entrepreneurship to change the scenario by giving a platform to them to share their experience with other struggling entrepreneurs, connecting them with experienced entrepreneur and mentors and investors,” he shared.</p> <p>After five years, the accelerator has built an international fraternity in various parts of the world who share the vision of Rockstart and work to help the entrepreneurs to grow their business.</p> <p>“Though Rockstart was established in the Netherlands, around 70 per cent entrepreneurs are not Europeans. Through these years, we have been innovatively driven and impact oriented and will continue more effectively in the days to come,” he shared.</p> <p>In the programme which saw the participation of many mentors, investors, alumni of Rockstart and entrepreneurs, Kneppers expressed that “working with entrepreneurs is not just helping them out for the growth but working with them is a learning experience for us as well”.</p> <p>Peter Tropper, emerging market investment expert and an international investor, Victorya Ous, programme director of Rockstart Impact, Niraj Khanal, director at One to Watch and Ashish Adhikari, founder of RedMud Coffee and alumni of Rockstart also spoke about the impacts of Rockstart Impact in building the entrepreneurial ecosystem in Nepal.</p> <p>During the programme, the accelerator also announced that they have been getting applications for the 100 days accelerator programme to be held in November. The deadline for the application is October 5.</p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6417', 'image' => '20170921043657_21559049_846777012166640_1867513749713259612_n.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6633', 'article_category_id' => '1', 'title' => 'Union Life Insurance to Start Operation from September 22', 'sub_title' => '', 'summary' => 'September 21: The Insurance Board has given the final permission to Union Life Insurance Company to start commercial operation. ', 'content' => '<p>September 21: The Insurance Board has given the final permission to Union Life Insurance Company to start commercial operation. The board had taken the decision on September 18 but the company was informed about it through a letter two days later.</p> <p>Upon receiving the green signal from the board, Union Life will be starting its commercial operation from September 22. Another insurance company, IME Life Insurance, has recently started its operation while Sun Life Insurance will also start its operation from September 22.</p> <p>Reputed business houses including Jagadamba Group, Golchha Organization and Gadia Group are the promoters of Union Life Insurance. Sulav Agrawal is the chairman of the board of directors of the company. Shekhar Golchha from Golchha Organization and Sandip Kumar Agrawal from Gadia Group are the other members of the board of directors. Similarly, Manoj Kumar Lal Karna is the CEO of the company. The corporate office of the insurance company is located at New Baneshwar.</p> <p>Altogether 10 insurance companies that got license to start operation recently are in the final phase of starting their operation.</p> <p>Ministry of Finance (MoF) has provided license to 10 life insurance companies for operation. After obtaining the license, the companies fulfilling all the other criteria are given the final permission to start commercial operation. To get the final permission, the companies need to have a paid-up capital of Rs 2 billion, staff, necessary office infrastructure among other things. </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6416', 'image' => null, 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6632', 'article_category_id' => '1', 'title' => 'Experts Stress the Need to Review Housing Policies', 'sub_title' => '', 'summary' => 'September 21: Experts stressed the need to review housing policies at operational level in order to create a safer living space in the densely populated urban areas.', 'content' => '<p>September 21: Experts stressed the need to review housing policies at operational level in order to create a safer living space in the densely populated urban areas. They shared such views during a discussion program titled <em>‘Rebuilding Safer Urban Spaces’ organized by </em>South Asia Watch on Trade, Economics and Environment (SAWTEE) on September 20.</p> <p>SAWTEE said this was the fourth such discussion forum it has organized under the project <em>‘Initiating dialogue on Post Disaster Reconstruction Experience’ </em>undertaken with support from The Asia Foundation.</p> <p>Themes such as “Nepal Post Disaster Reconstruction Experience: Current Status and Lessons learnt”, “Migration and Labour Dynamics in Post Disaster Nepal”, and “Expenditure Analysis and Tracking of Post-Earthquake reconstruction programmes” have already been covered in similar previous events, SAWTEE said in a statement.</p> <p> Making a presentation on <em>‘Rebuilding Safer Urban Spaces’</em>, Kishore Thapa, former secretary at the Ministry of Urban Development and expert member of the steering committee at the National Reconstruction Authority (NRA), pointed out the need of strictly enforcing “Settlement Development, Urban Development and Building Construction Basic Byelaws 2072”, which was one of the major changes imposed as one of the first rebuilding exercises.</p> <p>However, its success will depend on conviction of citizens that these rules are for their own benefit and capacity of the local governments for strictly implementing these regulations, he added.</p> <p>In addition, he drew attention towards reviewing existing housing policies, operational guidelines and responsible agencies to ensure safer living spaces. Thapa further added that integral part of reconstruction in the urban spaces, especially in the valley, pertains to reviving cultural heritage and traditional settlements with minimum aesthetic and structural intervention, the statement said. Similarly, he also drew attention to the lack of open spaces that affected the initial relief and recovery works in the immediate aftermath of the earthquakes.</p> <p>Surya Bhakta Sangachchen, technical advisor to the National Society for Earthquake Technology (NSET) and former director general at the Department of Urban Planning and Building Reconstruction, stressed on the stakeholder engagement between central government, community and local level, in order to achieve harmonious and acceptable rebuilding.</p> <p>He cited the example of Boudhanath Stupa that involved local participation from the support of government entities. In addition, he also pointed out the possibility of house pooling to be undertaken at the core city areas in Kathmandu and Lalitpur such as Kilagal and Pilachhen, respectively, could provide blueprint for the reconstruction.</p> <p>Bhesh Narayan Dahal, director general at the Department of Archaeology, pointed out the government efforts towards preservation and reconstruction of the cultural heritages and emphasised government’s priority towards preserving national heritage as far as possible in the reconstruction process. </p> <p>Chairing the discussion forum, Prof Dr Sudarshan Raj Tiwari, former dean of the Institute of Engineering, said that in adopting modern technology, traditional and indigenous knowledge should not be discarded. He said that traditional and indigenous knowledge has been proved time and again after withstanding various disasters and thus emphasised on footprint conservation.</p> <p>Adding to that, vice chairperson of SAWTEE, Urmila Joshi, said that the best possible way forward is to integrate new technology with the traditional knowledge so that we can have best of both worlds in building safer spaces.</p> <p>According to SAWTEE, some 30 participants from various organizations, including research institutions, experts, activists and development partners, participated in the event.</p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6415', 'image' => '20170921030540_sawtee.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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While TVET has grown in size over time with formal and informal providers across a variety of government and non-government entities, it continues to face the challenges of quality training for domestic and foreign labor markets, inclusion and cohesion.</p> <p>“Skill development of the workforce through investment in human capital including technical and vocational education and training are critical for the successful implementation of the country’s emerging jobs agenda,” said Takuya Kamata, the World Bank’s country manager for Nepal.</p> <p>Activities in the second phase training include upgrading the quality of TVET facilities, supporting key human resources that are critical for the quality of service delivery, improving access for disadvantaged groups, supporting missing links between training and placement to help youth find work, improving the availability of information linking skills supply and demand, and improving governance through performance-based funding of training providers, according to the bank. The project will also support migrants through training and skill testing and certification.</p> <p>“While there is substantial underemployment and informal employment dominates, an increased focus on skills and employability will help Nepal benefit from its potential youth dividend,” said Sangeeta Goyal, senior economist and the bank’s task team leader for the project.</p> ', 'published' => true, 'created' => '2017-10-04', 'modified' => '2017-10-04', 'keywords' => '', 'description' => '', 'sortorder' => '6429', 'image' => '20171004041609_wb.jpg', 'article_date' => '2017-10-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6645', 'article_category_id' => '1', 'title' => 'Government Promoting ‘Syndicate System’ on Imported Vehicles', 'sub_title' => '', 'summary' => 'October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. ', 'content' => '<p>October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. The government has given entrepreneurs a chance to amass hefty amount by adopting a policy to support syndicate system since a decade.</p> <p>The government had introduced provisions to import vehicles by making special arrangement in the Finance Act.</p> <p>As per the provision, only the manufacturer of the vehicles or the authrised distributor can import vehicles into the country. Taking advantage of this provision, the distributors have been making good profit from the sales of the vehicles.</p> <p>Stakeholders have complained that the authorised distributors have been charging exorbitant prices for the vehicles due to the monopoly they enjoy in importing vehicles.</p> <p>Communications Officer at the Department of Customs Kul Raj Gyawali informed that only the authorised distributor can import vehicles into the country as per the existing rules. Gyawali claimed that such provision was necessary for the proper management and monitoring of imported vehicles. The government introduced the controversial provision by amending the Finance Act between 2016-2067.</p> <p>Analysts say that the government has promoted monopoly by amending the act. Earlier, anyone could have imported vehicles by fulfilling the due processes. Unlike the restriction in importing vehicles, there isn’t any such provision in importing other products.</p> <p>Since others cannot import vehicles except the authorised distributors, they have been charging exorbitant fees for the vehicles. It has been found that the distributors make up to Rs 1 million profit by selling a single vehicle.</p> <p>Customs officials say that the distributors set the price at their will as there is no clear legal provision on the price ceiling although the provision has made it mandatory to update the price list every four months.</p> <p>The government has been supporting the syndicate system since the importers pay income tax from the profit. The government has been imposing high rate of tax from imported vehicles. The government charges 230 percent tax on vehicles imported from India and 225 percent tax on vehicles imported from third countries.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-10-04', 'modified' => '2017-10-04', 'keywords' => '', 'description' => '', 'sortorder' => '6428', 'image' => null, 'article_date' => '2017-10-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6644', 'article_category_id' => '1', 'title' => 'ADB's USD 150 for Improving Urban Services Delivery, Infrastructure ', 'sub_title' => '', 'summary' => 'The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west', 'content' => '<p>September 26: The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west. Issuing a press statement, the Manila-based bank said that the project will help them become more sustainable, inclusive, and resilient places to live in for more than 1.5 million people.</p> <p>“Improving urban infrastructure and service delivery in major urban areas in Nepal, including in the Terai region, is a must given their importance to the country’s economy and development,” says Vivian Castro-Wooldridge, an ADB Urban Development Specialist. “Toward these aims, the project will ensure that people in the southern parts of Nepal are living in areas that are safe, sustainable, inclusive, and resilient to climate change,” he adds.</p> <p>Urbanization in Nepal has been growing at a rapid pace at about 6 percent since the 1970s, however, this has not contributed significantly to inclusive economic growth due to inadequate urban planning, weak institutions, neglected operations and maintenance (O&M) of existing urban infrastructures, as well as limited technical capacity. “To address this issue, it is estimated that the government would need to double its spending on urban infrastructure to meet the backlog of future demand up to 2030 worth USD 24.5 billion,” reads the statement.</p> <p>According to ADB, investments from the Regional Urban Development Project will focus on eight municipalities from the southern Terai region, including four municipalities from the less-developed Province 7 in far-western Nepal. The project will enhance urban infrastructure in municipalities in the Terai region, incorporating climate-resilient and sustainable features, reducing flooding duration to less than an hour in eight municipalities. This includes the construction and rehabilitation of 200 kilometers (km) of storm water drains, improvement of 240 km of roads, construction of at least 40 km of footpaths responsive to the needs of elderly, women, children, and people with disabilities, building of four sanitary landfills and resource recovery centers, and construction of 20 km of sewers while connecting 7,500 households to the sewerage system in Biratnagar, among others.</p> <p>According to statement, the project will mark ADB’s first investment in urban infrastructure in Province 7 and will improve flood management, mobility, and solid waste management. It will also assist the development of urban plans and bylaws that reflect greater disaster risk resilience, improved land management, and regional development. ADB hopes that municipal capacity will be strengthened through the implementation of a performance-based socioeconomic development program.</p> <p>The project will also support a project development facility for the preparation of a pipeline of urban infrastructure projects, particularly in solid waste management, drainage, roads, water supply, and sanitation, with high readiness to reduce future startup delays, according to ADB.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6427', 'image' => '20170926034724_ADB.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6642', 'article_category_id' => '1', 'title' => 'Komatsu Launches Hydraulic Breaker ', 'sub_title' => '', 'summary' => 'September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.', 'content' => '<p>September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.</p> <p>According to the company, the hydraulic breaker is superior in technology and delivers high impact force, thus making it an ideal choice for customers to maximize their productivity.</p> <p>“Komatsu breakers are highly reliable and durable along with accumulator-free design which enables to achieve productivity under lowest operating cost,” the company said in a statement.</p> <p>Continental Trading Enterprises asserted that its machines are popular for their efficiency and durability.</p> <p>“Further, the company offers after-sales services from various locations of the country, which makes the Komatsu machines having the lowest down time in Nepal. All this ensures the best resale value of all the Komatsu machines,” the statement added.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6426', 'image' => '20170926035423_Komatsu-1188.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6641', 'article_category_id' => '1', 'title' => 'Electricity Bill Payment through NMB Bank', 'sub_title' => '', 'summary' => 'September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. ', 'content' => '<p>September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. NMB customers can now make the payment through mobile banking service. The bank’s customers can log in to their account and enter the counter name, account number and electricity customers’ list to see their bill and make the payment, the bank said in a statement.</p> <p>The bank’s CEO Sunil KC informed that the bank has been upgrading its services through digital technologies to make the banking transactions easy, accessible and hassle free.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6425', 'image' => '20170926110200_index.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6640', 'article_category_id' => '1', 'title' => 'Bhatta wins Rs 100,000', 'sub_title' => '', 'summary' => 'September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. ', 'content' => '<p>September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. Bhatta won the amount on the basis of coupon number he received on purchase of Hero motorcycle. As per the scheme, customers of Hero motorcycles and scooters were assured of at least Rs 6,000 discount in addition to scratch card from which they could win up to Rs 100,000. The customers were also eligible to win a weekly bumper prize of Rs 100,000 through lucky draw.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6424', 'image' => '20170926105027_images.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6639', 'article_category_id' => '1', 'title' => 'Sales of LG Washing Machines up', 'sub_title' => '', 'summary' => 'September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar. ', 'content' => '<p>September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar. LG’s authorized distributor in Nepal informed that the sales has increased as the company introduced ‘super cooker’ prize during the occasion of Dashain and Tihar on purchase of the washing machine. The distributor informed that the modern washing machine washes clothes in less than one hour.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6423', 'image' => '20170926104339_lg-logo.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6638', 'article_category_id' => '1', 'title' => 'John Players Announces Discount Offers', 'sub_title' => '', 'summary' => 'September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand. ', 'content' => '<p>John Players Announces Discount Offers</p> <p>September 26: Surya Nepal has announced discount offers on men’s wear of John Players brand. As per the scheme, customers buying clothes more than Rs 9,999 will get 15 percent discount while those buying goods more than 6,999 will be entitled to 10 percent discount. This offer is valid for formal dresses, casual dresses and Denim wear.</p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6422', 'image' => 'index.png', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6643', 'article_category_id' => '1', 'title' => 'Vijaya Distillery to Launch Special Golfer’s Limited Edition Whiskey', 'sub_title' => '', 'summary' => 'September 26: Vijaya Distillery is set to launch its special Golfer’s Edition, Nepal’s first blended malt scotch whisky—Master Selection.', 'content' => '<p><strong>September 26:</strong> Vijaya Distillery is set to launch its special Golfer’s Edition, Nepal’s first blended malt scotch whisky—Master Selection.</p> <p>According to the company, Master Selection is a luxurious, one-of-a kind blended malt Scotch whisky; and it marks an expansion of the Vijaya Distillery into the world of ultra-premium segment liquor products.</p> <p>“Master Selection preserves the provenance and heritage of Scotch whisky, with its craft credentials and handpicked flavors. An unforgettable experience—the dream of every elite mixologists, whisky-lovers and makers—is guaranteed with every zesty yet smooth sip of Nepal’s first blended malt Scotch whisky,” the company said in a statement.</p> <p>“This Scotch whisky has already been attracting an elite group of scotch whisky lovers to purchase it straight from the distillery,” the statement said.</p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-26', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6421', 'image' => '20170926111926_MS_PACKSHOT.jpg', 'article_date' => '2017-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6637', 'article_category_id' => '1', 'title' => 'Lifetime Achievement Award Conferred to Prem Bahadur Shrestha', 'sub_title' => '', 'summary' => 'September 24: Founder of Nepal’s reputed business house Panchakanya Group, Prem Bahadur Shrestha, has been conferred the Lifetime Achievement Award for his contributions to the business sector.', 'content' => '<p>September 24: Founder of Nepal’s reputed business house Panchakanya Group, Prem Bahadur Shrestha, has been conferred with the NewBiz Lifetime Achievement Award for his contributions to the business sector.</p> <p>Shrestha, 87, was received the title at the 4<sup>th</sup> Asian Paints New Business Conclave and Awards 2017 held on September 22 at the Hotel Soaltee Crowne Plaza.</p> <p>Born in Ilam, Shrestha started his business from Fikal. What he started as a small business in now one of the leading business houses of the country with nationwide coverage.</p> <p>Upon receiving the award, Shrestha said that he felt reenergized for being recognised for his contribution to the country’s business sector.</p> <p>He said that Nepal was lagging behind in development and urged everyone to utilise their time properly.</p> <p>Shrestha had started a grocery and cloth store in Fikal, which has now grown into Panchakanya Group under which falls a number of industries including wood, steel, pipe, wire as well as hydropower company.</p> <p>Three generations of Shrestha’s family are actively involved in Panchakanya Group.</p> <p>Shrestha said that honesty was his first commercial norm and he stressed on the need to end corruption and create employment opportunities in the country.</p> <p>Stating that industrial development requires political stability, Shrestha said that the country can attain development only if corruption is rooted out.</p> <p>“Nepal is a diamond mine. If we can properly utilize the opportunities here, no one will have to go abroad,” said Shrestha.</p> <p>“What we lack is honest leadership,” he added. </p> ', 'published' => true, 'created' => '2017-09-24', 'modified' => '2017-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '6420', 'image' => '20170924033911_sad.jpg', 'article_date' => '2017-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6636', 'article_category_id' => '1', 'title' => 'Sipradi Trading Declared Best Managed Company', 'sub_title' => '', 'summary' => 'September 23: Sipradi Trading Private Limited has been declared the Best Managed Company at the New Business Conclave and Award 2017 in the capital on Friday, September 22.', 'content' => '<p>September 23: Sipradi Trading Private Limited has been declared the Best Managed Company at the New Business Conclave and Award 2017 in the capital on Friday, September 22.</p> <p>During the awards ceremony held at Hotel Soaltee Crowne Plaza, 25 companies including Sipradi Trading and one individual were honoured for their contribution to the business sector of Nepal.</p> <p>The awards ceremony being held annually by New Business Age since 2013 in one of the most reputed awards of the country. However, the awards were not held during 2015 due to the devastating earthquakes.</p> <p>Meanwhile, the award for Best Joint Venture Company went to Unilever Nepal Limited while Nabil Bank was declared the Best Commercial Bank. Likewise, Gandaki Development Bank (Best Development Bank), ICFC (Best Finance Company), Nepal Life Insurance Company (Best Life Insurance Company), Shikhar Insurance Company (Best Non Life Insurance Company) won their respective awards.</p> <p>Sanimamai Hydropower Company (Best Hydropower Company), CE Construction (Best Housing Company)and Urban Girl Inc (Best Start-up Company) won the other awards. </p> <p>The Lifetime Achievement Award was conferred on Prem Bahadur Shrestha of Panchakanya Group for his vital contribution in the business sector of the country.</p> <p>The topic of the conclave during this edition was ‘Nepal Start-up Ecosystem’. During the interaction, speakers including William Grimminck, the founder of One to Watch; Sohan Babu Khatri, founder of Three H Management; Cunil KC, CEO of NMB Bank and Aayushi KC, CEO of Khalisisi, expressed their views regarding the status of start-ups in Nepal, their problems, opportunities and challenges.</p> <p>All the winners among the business houses from across the country were declared after evaluation of their performance by jury of specialists. The 11 different categories had different experts as jury members. The Best Managed Company was declared on the basis of employment, management practices, technology and innovation, market leadership, national coverage, public image, social responsiveness including social desirability of the Industry, corporate social responsibility, backward-forward linkages as well as the jury’s discretion.</p> <p>Addressing the awards ceremony, New Business Age Pvt Ltd’s Chairman Madan Lamsal said such function was organized with a view to promote and accelerate the development of industrial sector of the country. He assured of giving continuity to this awards ceremony in the coming years too.</p> <p>Lamsal also expressed his belief that the award would help encourage the business community and motivate them to provide better service.</p> <p>“Although the development of business is gaining pace, the concerned authorities have not given due attention to it,” said Lamsal.</p> <p> </p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:692px"> <p><strong>Award Winners 2017</strong></p> </td> </tr> <tr> <td style="width:692px"> <ol> <li><strong><em>Best Managed Company - Sipradi Trading Pvt Ltd</em></strong></li> </ol> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 2.Best Managed Joint Venture Company- Unilever Nepal Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 3. Best Managed Commercial Bank - Nabil Bank Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 1<sup>st </sup>Runner up -Nepal Investment Bank</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 2nd Runner up - Nepal SBI Bank</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 3<sup>rd </sup>Runner up - Standard Chartered Bank </em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Commercial Bank 4<sup>th</sup> Runner up - Everest Bank </em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 4.Best Managed Development Bank- Gandaki Development Bank Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Development Bank 1st Runner up-Kailash Development Bank Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Development Bank 2<sup>nd</sup> Runner up - Muktinath Development Bank Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 5. Best Managed Finance Company - ICFC Finance Company Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Finance Company 1st Runner up - Guheshwori Marchant Banking & Finance</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Finance Company 2<sup>nd</sup> Runner up - United Finance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 6. Best Managed Life Insurance Company-Nepal Life Insurance Company (NLIC)</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Life Insurance Company 1st Runner up - National Life Insurance Company Ltd </em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Life Ins Company 2<sup>nd </sup>Runner up - Life Insurance Corporation (Nepal) Ltd (LICN)</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 7. Best Managed Non-life Insurance Company - Shikhar Insurance Company Ltd</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Non-life Insurance Company 1st Runner up- Neco Insurance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Non-life Insurance Company 2<sup>nd </sup>Runner up - Prudential Insurance Company Ltd</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 8. Best Managed Hydro Power Company-Sanima Mai Hydropower Company</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 9. Best Managed Housing Company- CE Construction</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Housing Company 1st Runner up - Sunrise Homes</em></p> </td> </tr> <tr> <td style="width:692px"> <p><em> Best Managed Housing Company 2<sup>nd </sup>Runner up - Greenhill City</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 10. Best Start Up Company-Urban Girl Inc.</em></strong></p> </td> </tr> <tr> <td style="width:692px"> <p> A Special Recognition <em>- Waste Services Pvt Ltd, Pokhara</em></p> </td> </tr> <tr> <td style="width:692px"> <p><strong><em> 11. Lifetime Achievement in Business Leadership – Prem Bahadur Shrestha, founder, Panchakanya Group</em></strong></p> </td> </tr> </tbody> </table> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-23', 'modified' => '2017-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '6419', 'image' => '20170923021840_66.JPG', 'article_date' => '2017-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6635', 'article_category_id' => '1', 'title' => 'Call for Air Safety, Tribute Ride in Memory of the Victims of PIA Air Crash', 'sub_title' => '', 'summary' => 'September 21: To mark the 25th anniversary of Pakistan International Airlines crash in 1992 in Nepal, and to call for making the air space safe, Rupak Memorial Foundation (RMF) is organizing a bicycle ride on September 23, Saturday to the PIA Memorial Park, Lele.', 'content' => '<p>September 21: To mark the 25th anniversary of Pakistan International Airlines crash in 1992 in Nepal, and to call for making the air space safe, Rupak Memorial Foundation (RMF) is organizing a bicycle ride on September 23, Saturday to the PIA Memorial Park, Lele.</p> <p>The ride will start from RMF building in Satdobato to PIA Memorial Park, Lele covering 24 kilometers altogether and conclude at the RMF, reads a press statement issued by the foundation.</p> <p>The foundation plans to organize a candle lightening program to pay tribute to all the deceased passengers. A short instrumental performance will be played by Team Sarangi.</p> <p>“We are anticipating 150 riders. We are also trying to encourage deaf bicycle riders to participate inorder to mark the International Deaf week. We are also providing few free registrations to women riders,” the foundation said in the statement. </p> <p>At the RMF a short interaction program will be organized on Airspace Scenario in Nepal. The objective of holding the interaction program is to promote air safety in Nepal. </p> <p>We invite the friends and family of the deceased of the PIA (Airbus A300B4-203) and other bicycle enthusiasts to join the ride and be a part of interaction program to promote air safety in Nepal.</p> <p>The speakers of the program will be Sanjiv Gautam, director general of CAAN; Heman Arjyal, aviation enthusiast, and a representative from the Airlines Association of Nepal. </p> <p>According to the foundation, the event is supported by well-wishers, Buddha Air, Real Fruit Power, Star Hospital, Hamro Kitchen, Project Sarangi, Pangro and TSN Corporation, Key Advertisement.</p> <p>Rupak Memorial Foundation (RMF) is a non-profit oriented organization founded in 1992 to commemorate the contribution of national talent late Rupak Raj Sharma. Late Sharma was not only a brilliant serviceman but an exceptional and accomplished sportsperson too. His name is associated with football as he served as the captain of the Nepali national football team for fourteen years and after retirement, continued to be in the football field in the capacity of referee. He was the first Nepali to get his referee license from Federation of International Football Association (FIFA). </p> <p>On September 28, 1992, Pakistan International Airlines (Airbus A300B4-203) crashed in Lele en route to landing at Tribhuvan International Airport, Kathmandu killing 167 passengers onboard, including Sharma. It was the 100th airline crash with more than 100 casualties in the history of aviation. </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6418', 'image' => '20170921045051_Poster.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6634', 'article_category_id' => '1', 'title' => 'Rockstart Founder in the Capital', 'sub_title' => '', 'summary' => 'September 21: Oscar Kneppers, the founder of Rockstart Accelerators, is in Nepal to observe the entrepreneurship scenario in Nepal. ', 'content' => '<p>September 21: Oscar Kneppers, the founder of Rockstart Accelerators, is in Nepal to observe the entrepreneurship scenario in Nepal. The Netherlands-based business accelerator programme has been helping start-ups in Nepal through Rockstart Impact, which organised an interaction programme with Kneppers on September 20. </p> <p>During the interaction, Kneppers shared his experience about starting Rockstart. Prior to establishing Rockstart, Kneppers launched several cross media brands since 1998 focusing on new media, innovation and technology. He founded Rockstart in 2001 after selling his two businesses, Emerce in 2001 and Bright in 2008.</p> <p>“Rockstart was started with a vision to help the communities which believe in the power of entrepreneurship to change the scenario by giving a platform to them to share their experience with other struggling entrepreneurs, connecting them with experienced entrepreneur and mentors and investors,” he shared.</p> <p>After five years, the accelerator has built an international fraternity in various parts of the world who share the vision of Rockstart and work to help the entrepreneurs to grow their business.</p> <p>“Though Rockstart was established in the Netherlands, around 70 per cent entrepreneurs are not Europeans. Through these years, we have been innovatively driven and impact oriented and will continue more effectively in the days to come,” he shared.</p> <p>In the programme which saw the participation of many mentors, investors, alumni of Rockstart and entrepreneurs, Kneppers expressed that “working with entrepreneurs is not just helping them out for the growth but working with them is a learning experience for us as well”.</p> <p>Peter Tropper, emerging market investment expert and an international investor, Victorya Ous, programme director of Rockstart Impact, Niraj Khanal, director at One to Watch and Ashish Adhikari, founder of RedMud Coffee and alumni of Rockstart also spoke about the impacts of Rockstart Impact in building the entrepreneurial ecosystem in Nepal.</p> <p>During the programme, the accelerator also announced that they have been getting applications for the 100 days accelerator programme to be held in November. The deadline for the application is October 5.</p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6417', 'image' => '20170921043657_21559049_846777012166640_1867513749713259612_n.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6633', 'article_category_id' => '1', 'title' => 'Union Life Insurance to Start Operation from September 22', 'sub_title' => '', 'summary' => 'September 21: The Insurance Board has given the final permission to Union Life Insurance Company to start commercial operation. ', 'content' => '<p>September 21: The Insurance Board has given the final permission to Union Life Insurance Company to start commercial operation. The board had taken the decision on September 18 but the company was informed about it through a letter two days later.</p> <p>Upon receiving the green signal from the board, Union Life will be starting its commercial operation from September 22. Another insurance company, IME Life Insurance, has recently started its operation while Sun Life Insurance will also start its operation from September 22.</p> <p>Reputed business houses including Jagadamba Group, Golchha Organization and Gadia Group are the promoters of Union Life Insurance. Sulav Agrawal is the chairman of the board of directors of the company. Shekhar Golchha from Golchha Organization and Sandip Kumar Agrawal from Gadia Group are the other members of the board of directors. Similarly, Manoj Kumar Lal Karna is the CEO of the company. The corporate office of the insurance company is located at New Baneshwar.</p> <p>Altogether 10 insurance companies that got license to start operation recently are in the final phase of starting their operation.</p> <p>Ministry of Finance (MoF) has provided license to 10 life insurance companies for operation. After obtaining the license, the companies fulfilling all the other criteria are given the final permission to start commercial operation. To get the final permission, the companies need to have a paid-up capital of Rs 2 billion, staff, necessary office infrastructure among other things. </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6416', 'image' => null, 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6632', 'article_category_id' => '1', 'title' => 'Experts Stress the Need to Review Housing Policies', 'sub_title' => '', 'summary' => 'September 21: Experts stressed the need to review housing policies at operational level in order to create a safer living space in the densely populated urban areas.', 'content' => '<p>September 21: Experts stressed the need to review housing policies at operational level in order to create a safer living space in the densely populated urban areas. They shared such views during a discussion program titled <em>‘Rebuilding Safer Urban Spaces’ organized by </em>South Asia Watch on Trade, Economics and Environment (SAWTEE) on September 20.</p> <p>SAWTEE said this was the fourth such discussion forum it has organized under the project <em>‘Initiating dialogue on Post Disaster Reconstruction Experience’ </em>undertaken with support from The Asia Foundation.</p> <p>Themes such as “Nepal Post Disaster Reconstruction Experience: Current Status and Lessons learnt”, “Migration and Labour Dynamics in Post Disaster Nepal”, and “Expenditure Analysis and Tracking of Post-Earthquake reconstruction programmes” have already been covered in similar previous events, SAWTEE said in a statement.</p> <p> Making a presentation on <em>‘Rebuilding Safer Urban Spaces’</em>, Kishore Thapa, former secretary at the Ministry of Urban Development and expert member of the steering committee at the National Reconstruction Authority (NRA), pointed out the need of strictly enforcing “Settlement Development, Urban Development and Building Construction Basic Byelaws 2072”, which was one of the major changes imposed as one of the first rebuilding exercises.</p> <p>However, its success will depend on conviction of citizens that these rules are for their own benefit and capacity of the local governments for strictly implementing these regulations, he added.</p> <p>In addition, he drew attention towards reviewing existing housing policies, operational guidelines and responsible agencies to ensure safer living spaces. Thapa further added that integral part of reconstruction in the urban spaces, especially in the valley, pertains to reviving cultural heritage and traditional settlements with minimum aesthetic and structural intervention, the statement said. Similarly, he also drew attention to the lack of open spaces that affected the initial relief and recovery works in the immediate aftermath of the earthquakes.</p> <p>Surya Bhakta Sangachchen, technical advisor to the National Society for Earthquake Technology (NSET) and former director general at the Department of Urban Planning and Building Reconstruction, stressed on the stakeholder engagement between central government, community and local level, in order to achieve harmonious and acceptable rebuilding.</p> <p>He cited the example of Boudhanath Stupa that involved local participation from the support of government entities. In addition, he also pointed out the possibility of house pooling to be undertaken at the core city areas in Kathmandu and Lalitpur such as Kilagal and Pilachhen, respectively, could provide blueprint for the reconstruction.</p> <p>Bhesh Narayan Dahal, director general at the Department of Archaeology, pointed out the government efforts towards preservation and reconstruction of the cultural heritages and emphasised government’s priority towards preserving national heritage as far as possible in the reconstruction process. </p> <p>Chairing the discussion forum, Prof Dr Sudarshan Raj Tiwari, former dean of the Institute of Engineering, said that in adopting modern technology, traditional and indigenous knowledge should not be discarded. He said that traditional and indigenous knowledge has been proved time and again after withstanding various disasters and thus emphasised on footprint conservation.</p> <p>Adding to that, vice chairperson of SAWTEE, Urmila Joshi, said that the best possible way forward is to integrate new technology with the traditional knowledge so that we can have best of both worlds in building safer spaces.</p> <p>According to SAWTEE, some 30 participants from various organizations, including research institutions, experts, activists and development partners, participated in the event.</p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-21', 'modified' => '2017-09-21', 'keywords' => '', 'description' => '', 'sortorder' => '6415', 'image' => '20170921030540_sawtee.jpg', 'article_date' => '2017-09-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
