September 18: The Supreme Court has ordered the government to move ahead with its road expansion drive only after providing proper compensation to the land and building owners who followed the all the processes to construct their houses.…

September 18: The Supreme Court has ordered the government to move ahead with its road expansion drive only after providing proper compensation to the land and building owners who followed the all the processes to construct their houses.…
September 19: Police have arrested a truck driver and a mastermind who planned a fake road accident to receive insurance amount of a truck loaded with…
September 19: AskMe Management Pvt Ltd, Maitidevi, Kathmandu has signed a Memorandum of Understanding (MoU) with Global College International, Kamaladi, Kathmandu with an objective of providing recruitment and placement opportunities to the students of the…
September 18: Call Mobility, the national distributor of Huawei smartphones in Nepal, has been awarded with the Best Business Partner Award 2017 for Nepal by…
September 19: OPPO, a leading global smartphone brand, has announced the launch of its latest smartphone with speedy operation OPPO A71 in…
September 19: Western Union has announced the first winner of Samsung J7 Pro under the "Sambandha Ko Utsav" Campaign.…
September 19: NIC Asia Bank has signed an agreement with National Banking Institute (NBI) to start JANBI course.…
September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar.…
September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank.…
September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims.…
September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the…
September 18: MoneyGram has announced the winners of the first week of its festive offer held on the occasion of…
September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general…
September 18: National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September…
September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings.…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';
if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (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' => '6616', 'article_category_id' => '1', 'title' => 'Supreme Court Tells Government to Compensate People Affected by Road Expansion Drive', 'sub_title' => '', 'summary' => 'September 18: The Supreme Court has ordered the government to move ahead with its road expansion drive only after providing proper compensation to the land and building owners who followed the all the processes to construct their houses. ', 'content' => '<p>September 18: The Supreme Court has ordered the government to move ahead with its road expansion drive only after providing proper compensation to the land and building owners who followed the all the processes to construct their houses. A full bench of justices Kedar Prasad Chalise, Hari Krishna Karki and Purushottam Bhandari issued the verdict on September 17.</p> <p>The apex court’s verdict comes in response to seven separate writ petitions filed by individuals affected by the government’s road expansion drive within the Kathmandu valley.</p> <p>Around 200 residents residing along the road section from Tripureshwar to Nagdhunga as well as those from Chabahil, Koteshwar among other places had filed the writ. The petitioners had demanded the government to carry on with the expansion drive only after providing them adequate compensation.</p> <p>The government had stopped the road expansion works after the valley denizens filed the writ petitions. The government had adopted a policy to expand the width of major roads to 25 meters on both sides from the center of the road. The petitioners had claimed that only highways should be of 50 meters wide and have requested the government only to expand the road to a maximum of 16 meters. </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6399', 'image' => null, 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6615', 'article_category_id' => '1', 'title' => 'Fake Accident to Claim Insurance Amount', 'sub_title' => '', 'summary' => 'September 19: Police have arrested a truck driver and a mastermind who planned a fake road accident to receive insurance amount of a truck loaded with beer.', 'content' => '<p>September 19: Police have arrested a truck driver and a mastermind who planned a fake road accident to receive insurance amount of a truck loaded with beer. It was reported that a truck carrying beer from Gorkha Brewery of Nawalparasi to Kathmandu met with an accident in Icchyakamana of Chitwan about a week ago.</p> <p>After almost ten days of investigation, police solved the mystery behind the accident of the truck with registration number Na 5 Kha 7297 that took place on September 10.</p> <p>Under the influence of Ujjwal Kandel, 30, of Manahari Rural Municipality in Hetauda, truck driver Santosh Khatri, 28, of Hetauda-11 agreed to fake the accident to get the insurance amount for the beer and the vehicle, investigation showed.</p> <p>According to Dilip Raj Jha, Deputy Superintendent of Police (DSP) at the District Police Office (DPO), the truck which was loaded with 1,400 cartons of beer from Gorkha Brewery shifted 1,200 cartons in another truck at Geetanagar, Chitwan and the truck with 200 cartons headed for Kathmandu. The truck was made to fall from Narayani river at Jalabire and the nearby police post at Mugling was informed about the accident.</p> <p>The truck carrying 1,200 cartons of beer went to Hetauda and hid in a house at Manakamana Road. The next day, the conspirators hid 537 cartons of beer in the house of Mani Lama and 426 in Buddha Lama’s house. Police seized the beer, whose market price is Rs 3.7 million, from the two houses, said DSP Jha.</p> <p>Jha informed that four people involved in the crime and 960 cartons of beer have been sent to DPO, Chitwan for further action. </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6398', 'image' => '20170919030404_Police.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6614', 'article_category_id' => '1', 'title' => 'AskMe Management to Recruit Students of Global College International', 'sub_title' => '', 'summary' => 'September 19: AskMe Management Pvt Ltd, Maitidevi, Kathmandu has signed a Memorandum of Understanding (MoU) with Global College International, Kamaladi, Kathmandu with an objective of providing recruitment and placement opportunities to the students of the college.', 'content' => '<p>September 19: AskMe Management Pvt Ltd, Maitidevi, Kathmandu has signed a Memorandum of Understanding (MoU) with Global College International, Kamaladi, Kathmandu with an objective of providing recruitment and placement opportunities to the students of the college.</p> <p> Dr Karan Singh Thagunna, principal of Global College and Archana Kunwar Chhetri, managing director of AskMe Management signed the MoU on behalf of their respective organizations on September 18></p> <p>“AskMe will be the bridging gap between the professional world and students who are getting ready to get to the corporate market,” reads a statement issued by the company.</p> <p> With this alliance, AskMe believes that it will also benefit by directly getting right candidates without incurring huge investment in advertisement.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6397', 'image' => '20170919013701_ask.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6613', 'article_category_id' => '1', 'title' => 'Huawei Awards Call Mobility with Best Business Partner Award 2017', 'sub_title' => '', 'summary' => 'September 18: Call Mobility, the national distributor of Huawei smartphones in Nepal, has been awarded with the Best Business Partner Award 2017 for Nepal by Huawei.', 'content' => '<p>September 18: Call Mobility, the national distributor of Huawei smartphones in Nepal, has been awarded with the Best Business Partner Award 2017 for Nepal by Huawei.</p> <p>Call Mobility was awarded by Huawei Dignitaries amidst a program in recognition of rapid growth of Huawei brand in Nepal, the company said in a press statement.</p> <p>Call Mobility Pvt Ltd is one of the leading business houses in Nepal, which started promoting Huawei products in Nepal since 2013 as the national distributor.</p> <p>“It’s a great honor to receive such a prestigious award from Huawei, and we feel all our hard work in last 3 years has finally paid off. This award will be a great boost to our morale, and shall provide great motivation to our entire team to thrive more, work even harder to become No 1 smartphone brand in Nepal,” Pulkit Bhimsaria, director of Call Mobility, was quoted as saying in the statement upon receiving the award. </p> <p> Huawei Technologies, a Fortune 100-listed company currently ranks 83<sup>rd</sup> and is a leading global information and communications technology (ICT) solutions provider. Huawei said its ICT solutions, products, and services are used in more than 170 countries and regions, serving over one-third of the world's population.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6396', 'image' => '20170919011206_IMG_4237.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6612', 'article_category_id' => '1', 'title' => 'OPPO Launches A71 phone in Nepal', 'sub_title' => '', 'summary' => 'September 19: OPPO, a leading global smartphone brand, has announced the launch of its latest smartphone with speedy operation OPPO A71 in Nepal.', 'content' => '<p>September 19: OPPO, a leading global smartphone brand, has announced the launch of its latest smartphone with speedy operation OPPO A71 in Nepal.</p> <p>Packaged with exciting features, the device is designed in line with OPPO’s commitment to redefining the perfect selfie experience to its customers and it falls into their affordable segment of smartphones, the company said in a statement.</p> <p>The A71 equipped with octa-core processor, 3GB RAM and 3000mAH battery is an attractive choice for valued customers and will be priced at Rs 21,990, the company said. It is available in gold color across Nepal through all the major outlets and sales point.</p> <p>“OPPO A71 not only achieves breakthroughs in its kernel functions with an octa-core processor and smoother user experience, but also inherits core OPPO photography technology with Beautify 4.0 on the front camera and optimized rear camera to capture life’s fun moments. Also, the slim metallic uni-body of A71 makes it stand out at the very first sight,” the statement said.</p> <p> Speaking about the newly launched phone OPPO A71, CEO of OPPO Nepal Johnny Ge said, “This phone will bring the best consumer delight among our mid-range customer group. OPPO’s Selfie feature is also accumulated with various exciting features in this phone. We believe people will love this phone”.</p> <p>OPPO A71 is equipped with Color OS 3.1 that upgrades operation experience once again, making it faster and safer, the company said. Considerate functions such as split-screen, eye protection display etc are also available on OPPO A71.</p> <p>Customers can run two applications simultaneously under split-screen to watch TV series and talk about the plot with friends on WhatsApp at the same time, the statement further said.</p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6395', 'image' => '20170919010447_OPPO A71 6_opt.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6611', 'article_category_id' => '1', 'title' => 'Western Union announces winner of Samsung J7 Pro', 'sub_title' => '', 'summary' => 'September 19: Western Union has announced the first winner of Samsung J7 Pro under the "Sambandha Ko Utsav" Campaign. ', 'content' => '<p>September 19: Western Union has announced the first winner of Samsung J7 Pro under the "Sambandha Ko Utsav" Campaign. Arjun Oli of Dang is the lucky winner of Samsung J7 Pro. Issuing a press statement, the company informed that a lucky winner will be selected through lucky draw every week during the campaign. Apart from giving away Samsung mobile every week, the campaign gives recharge cards of Rs 50 to Rs 500 to the customers on a daily basis.</p> <p>The campaign started on September 3 and will end on September 28, the company informend.</p> <p>“Not all friends and relatives are living together. Some of them are living and working far away in foreign countries. The campaign targets to bring relatives closer by facilitating easy communication among relatives and making this festive season more fun oriented and enjoyable,” the statement said.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6394', 'image' => '20170919124903_Picture.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6610', 'article_category_id' => '1', 'title' => 'NIC Asia Bank, NBI sign agreement', 'sub_title' => '', 'summary' => 'September 19: NIC Asia Bank has signed an agreement with National Banking Institute (NBI) to start JANBI course. ', 'content' => '<p>September 19: NIC Asia Bank has signed an agreement with National Banking Institute (NBI) to start JANBI course. The bank has established a separate department to encourage learning and development activities. The bank said it aims to start a Learning and Development Academy to promote learning opportunities. As per the agreement, the bank will provide training on JANBI course to 388 staff. The bank will give special discount to the trainees on various courses provided by NBI. Till date, only 348 people have passed the JANBI course, according to the bank. </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6393', 'image' => '20170919121149_JANBI.JPG', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6609', 'article_category_id' => '1', 'title' => 'Apple World Mobile Announces Festive Offer', 'sub_title' => '', 'summary' => 'September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar. ', 'content' => '<p>September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar. Apple World Mobile has said it will not let any of its buyers walk away empty handed during the offer available at its multi-brand mobile showroom at Mercantile Plaza, Durbar Marg. The company has also announced to provide bumper prize on purchase of phones from the showroom. Under the scheme, customers can get up to 60 percent discount on purchase of phones while one lucky winner will get R15 bike as bumper prize. Other prizes include iphone 8 and a trip to Singapore and Malaysia for one person. </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6392', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6608', 'article_category_id' => '1', 'title' => 'Bhattarai appointed acting CEO of Century Bank', 'sub_title' => '', 'summary' => 'September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank. ', 'content' => '<p>September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank. A meeting of the board of directors of the bank on September 17 decided to promote Bhattarai from the post of deputy CEO to the acting CEO. The same meeting also accepted the resignation of the bank’s CEO Anuj Mani Timilsina. Bhattarai holds an MPhil degree in management in addition to post graduate degrees in economics and human resource management while he is also a law graduate. Bhattarai has served in top posts of various banks including Siddhartha Bank, Himalayan Bank and Century Bank for the last 21 years. </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6391', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6607', 'article_category_id' => '1', 'title' => 'Mahalaxmi Provides Support to Flood Victims', 'sub_title' => '', 'summary' => 'September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims. ', 'content' => '<p>September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims. The bank has deposited Rs 500,000 in the Prime Minister’s Relief Fund through Development Bankers Association. The bank has pledged to continue such works under its corporate social responsibility.</p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6390', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6606', 'article_category_id' => '1', 'title' => 'World Bank Warns of Decline in Economic Growth', 'sub_title' => '', 'summary' => 'September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the floods.', 'content' => '<p>September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the floods.</p> <p>In its semi-annual assessment of economic performance, the World Bank reported that economic activity in Nepal, which rebounded strongly in fiscal year 2017, has been impacted once again by severe floods affecting over a third of the country.</p> <p>Damaging floods in mid-August are likely to affect agriculture, economic activity, and poverty reduction efforts even up to FY 2018.</p> <p> “Economic growth is expected to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years,” says Sudyumna Dahal, World Bank economist and principal author of the latest Nepal Development Update.</p> <p>According to the report, the floods have affected over 5 percent of the total population, with several districts recording the heaviest rainfall in 60 years. Over 80 percent of land in the southern Tarai, the country’s food basket, was affected. Estimates of destroyed crops at 64,000 hectares will likely lead to a weak agricultural output in FY 2018.</p> <p>As Nepal prepares for an ambitious shift from a unitary to federal system of government, closer attention to sequencing political, financial and administrative decentralization will be key, the report says.</p> <p>The World Bank has said a large proportion of federal spending is expected to be passed on to the sub-national governments, ultimately increasing public spending starting from FY 2018.</p> <p>However, the report cautions that unresolved issues surrounding the implementation of the new federal architecture could challenge budget execution, particularly during the upcoming year.</p> <p> Nepal’s new fiscal federalism system suggests a marked asymmetry between stronger decentralization of spending responsibilities and relatively unchanged low decentralization of tax collection powers, notes the report. Similar imbalances hold true between regions across the country.</p> <p> “The sub-national governments will play an increasingly critical role in Nepal’s public expenditures,” said Takuya Kamata, the World Bank’s country manager for Nepal. “A system of fiscal transfers that is designed for transparency and predictability and supported by a small set of simple rules, could go a long way in helping meet the development objectives of federal Nepal,” he said.</p> <p> The report has made some key observations including many functional assignments are “shared” among the three levels of government. It also observed that the revenue collection and tax administration remain relatively unchanged and highly centralized, with limited existing tax bases for sub-national governments. The report suggests that the resulting mismatch between revenue collection and service provision could be closed through inter-governmental transfers. </p> <p>The report said that although the government revenue collection in FY 2017 reached a new record, the government spending accelerated as well. However, more than 60 percent of the capital budget was spent in the last quarter of the fiscal year while expenditure remained significantly below the planned budget, a perennial problem in Nepal. The era of balanced budgets has ended with the fiscal deficit reaching an estimated 3.3 percent of GDP in FY 2017 and is expected to increase as well.</p> <p> Additionally, the current account, which turned into a deficit in FY 2017, is also expected to deteriorate further in FY 2018.</p> <p>The report predicts that import growth should remain strong, while growth of exports and remittances are expected to remain sluggish. Recorded departures of migrant workers have continued to slow, reaching a five-year low in FY 2017. Given the geopolitical tensions between Gulf Cooperation Council countries and Qatar—a major destination of migrant workers—departures are not expected to improve significantly.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6389', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6605', 'article_category_id' => '1', 'title' => 'MoneyGram Announces Winners of First Week', 'sub_title' => '', 'summary' => 'September 18: MoneyGram has announced the winners of the first week of its festive offer held on the occasion of Dashain.', 'content' => '<p><strong>September 18: </strong>MoneyGram has announced the winners of the first week of its festive offer held on the occasion of Dashain.</p> <p>The special promotion campaign of MoneyGram launched on September 1 offers a chance to its receiving customers across Nepal to have their transaction amount doubled, the company said in a statement.</p> <p>The company said that Tika Ram Karki from Kathmandu and Anil Adhikari from Morang are the lucky winners for the first week of the campaign.</p> <p>“We see a significant increase in the transaction volume around Dashian as family members make an extra effort to send money back home. To recognize those efforts, we had decided to launch a promotion rewarding those customers with additional money they can spend on making this time more memorable,” said Sheshagiri Malliah (Sukesh), MoneyGram’s head of India and the subcontinent.</p> <p>Until October 31, every customer receiving an international money transfer in Nepal will be eligible to take part in the lucky draw. MoneyGram said it will double the transaction amount for 16 winners.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6388', 'image' => '20170918123614_moneygram new logo-01.jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6604', 'article_category_id' => '1', 'title' => 'NIC Asia Bank Organises Financial Awareness Rally', 'sub_title' => '', 'summary' => 'September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general public.', 'content' => '<p>September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general public. The rally that started from the Bank’s Kamaladi branch travelled through various locations of central Kathmandu before ending at the same branch, the bank said in a statement. More than 600 staff of the bank had actively participated in the rally.</p> <p>“The Bank has been offering customer oriented international standard banking services to more than 6 lakh deposit customers, 28,000 credit customers and 330,000 digital banking customers through country wide network of 128 branches and extension counters,” the statement said.</p> <p>The bank further said it has always placed utmost priority on customer delight and on offering lucrative and customer centric products and services. The bank claimed that it has been currently been offering an annual interest rate of 9 percent per annum to its saving deposit account holders which is the highest interest rate being offered by any commercial bank in the country.</p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6387', 'image' => '20170918121557_download (1).jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6603', 'article_category_id' => '1', 'title' => 'Everest Bank, NBI sign MoU', 'sub_title' => '', 'summary' => 'September 18: National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September 14.', 'content' => '<p><strong>September 18: </strong>National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September 14. As per the agreement, NBI would provide exclusively customized training programs to the bank for human capital development.</p> <p>A joint statement issued by the two companies states that EBL has become the first bank to sign formal agreement with NBI to run training programs. Under this agreement, Everest Bank Ltd has committed more than Rs 5 million worth training investment during the fiscal year 2017/18. to NBI. The companies believe that this partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank. </p> <p>The MoU was signed by Someshwar Seth, CEO of EBL and Sanjib Subba, CEO of NBI. This alliance is expected to be a milestone in the capacity building process and bringing about positive transformation in the development of human capital.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6386', 'image' => '20170918121053_Picture.jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6602', 'article_category_id' => '1', 'title' => 'Earthquake Resilient Construction Training for Masons', 'sub_title' => '', 'summary' => 'September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings. ', 'content' => '<p>September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings. The training was conducted with the support of Banepa and Panauti municipalities. The training was held from September 9 to 15. Experts informed the masons about various aspects of earthquake resilient buildings including the standard of materials used in construction, foundation and types of foundations, proper process of erecting pillar, number of iron rods to be used in pillars, joining pillars and beam, different types of designs as well as information on damages from earthquakes. </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6385', 'image' => null, 'article_date' => '2017-09-17 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' => '6616', 'article_category_id' => '1', 'title' => 'Supreme Court Tells Government to Compensate People Affected by Road Expansion Drive', 'sub_title' => '', 'summary' => 'September 18: The Supreme Court has ordered the government to move ahead with its road expansion drive only after providing proper compensation to the land and building owners who followed the all the processes to construct their houses. ', 'content' => '<p>September 18: The Supreme Court has ordered the government to move ahead with its road expansion drive only after providing proper compensation to the land and building owners who followed the all the processes to construct their houses. A full bench of justices Kedar Prasad Chalise, Hari Krishna Karki and Purushottam Bhandari issued the verdict on September 17.</p> <p>The apex court’s verdict comes in response to seven separate writ petitions filed by individuals affected by the government’s road expansion drive within the Kathmandu valley.</p> <p>Around 200 residents residing along the road section from Tripureshwar to Nagdhunga as well as those from Chabahil, Koteshwar among other places had filed the writ. The petitioners had demanded the government to carry on with the expansion drive only after providing them adequate compensation.</p> <p>The government had stopped the road expansion works after the valley denizens filed the writ petitions. The government had adopted a policy to expand the width of major roads to 25 meters on both sides from the center of the road. The petitioners had claimed that only highways should be of 50 meters wide and have requested the government only to expand the road to a maximum of 16 meters. </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6399', 'image' => null, 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6615', 'article_category_id' => '1', 'title' => 'Fake Accident to Claim Insurance Amount', 'sub_title' => '', 'summary' => 'September 19: Police have arrested a truck driver and a mastermind who planned a fake road accident to receive insurance amount of a truck loaded with beer.', 'content' => '<p>September 19: Police have arrested a truck driver and a mastermind who planned a fake road accident to receive insurance amount of a truck loaded with beer. It was reported that a truck carrying beer from Gorkha Brewery of Nawalparasi to Kathmandu met with an accident in Icchyakamana of Chitwan about a week ago.</p> <p>After almost ten days of investigation, police solved the mystery behind the accident of the truck with registration number Na 5 Kha 7297 that took place on September 10.</p> <p>Under the influence of Ujjwal Kandel, 30, of Manahari Rural Municipality in Hetauda, truck driver Santosh Khatri, 28, of Hetauda-11 agreed to fake the accident to get the insurance amount for the beer and the vehicle, investigation showed.</p> <p>According to Dilip Raj Jha, Deputy Superintendent of Police (DSP) at the District Police Office (DPO), the truck which was loaded with 1,400 cartons of beer from Gorkha Brewery shifted 1,200 cartons in another truck at Geetanagar, Chitwan and the truck with 200 cartons headed for Kathmandu. The truck was made to fall from Narayani river at Jalabire and the nearby police post at Mugling was informed about the accident.</p> <p>The truck carrying 1,200 cartons of beer went to Hetauda and hid in a house at Manakamana Road. The next day, the conspirators hid 537 cartons of beer in the house of Mani Lama and 426 in Buddha Lama’s house. Police seized the beer, whose market price is Rs 3.7 million, from the two houses, said DSP Jha.</p> <p>Jha informed that four people involved in the crime and 960 cartons of beer have been sent to DPO, Chitwan for further action. </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6398', 'image' => '20170919030404_Police.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6614', 'article_category_id' => '1', 'title' => 'AskMe Management to Recruit Students of Global College International', 'sub_title' => '', 'summary' => 'September 19: AskMe Management Pvt Ltd, Maitidevi, Kathmandu has signed a Memorandum of Understanding (MoU) with Global College International, Kamaladi, Kathmandu with an objective of providing recruitment and placement opportunities to the students of the college.', 'content' => '<p>September 19: AskMe Management Pvt Ltd, Maitidevi, Kathmandu has signed a Memorandum of Understanding (MoU) with Global College International, Kamaladi, Kathmandu with an objective of providing recruitment and placement opportunities to the students of the college.</p> <p> Dr Karan Singh Thagunna, principal of Global College and Archana Kunwar Chhetri, managing director of AskMe Management signed the MoU on behalf of their respective organizations on September 18></p> <p>“AskMe will be the bridging gap between the professional world and students who are getting ready to get to the corporate market,” reads a statement issued by the company.</p> <p> With this alliance, AskMe believes that it will also benefit by directly getting right candidates without incurring huge investment in advertisement.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6397', 'image' => '20170919013701_ask.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6613', 'article_category_id' => '1', 'title' => 'Huawei Awards Call Mobility with Best Business Partner Award 2017', 'sub_title' => '', 'summary' => 'September 18: Call Mobility, the national distributor of Huawei smartphones in Nepal, has been awarded with the Best Business Partner Award 2017 for Nepal by Huawei.', 'content' => '<p>September 18: Call Mobility, the national distributor of Huawei smartphones in Nepal, has been awarded with the Best Business Partner Award 2017 for Nepal by Huawei.</p> <p>Call Mobility was awarded by Huawei Dignitaries amidst a program in recognition of rapid growth of Huawei brand in Nepal, the company said in a press statement.</p> <p>Call Mobility Pvt Ltd is one of the leading business houses in Nepal, which started promoting Huawei products in Nepal since 2013 as the national distributor.</p> <p>“It’s a great honor to receive such a prestigious award from Huawei, and we feel all our hard work in last 3 years has finally paid off. This award will be a great boost to our morale, and shall provide great motivation to our entire team to thrive more, work even harder to become No 1 smartphone brand in Nepal,” Pulkit Bhimsaria, director of Call Mobility, was quoted as saying in the statement upon receiving the award. </p> <p> Huawei Technologies, a Fortune 100-listed company currently ranks 83<sup>rd</sup> and is a leading global information and communications technology (ICT) solutions provider. Huawei said its ICT solutions, products, and services are used in more than 170 countries and regions, serving over one-third of the world's population.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6396', 'image' => '20170919011206_IMG_4237.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6612', 'article_category_id' => '1', 'title' => 'OPPO Launches A71 phone in Nepal', 'sub_title' => '', 'summary' => 'September 19: OPPO, a leading global smartphone brand, has announced the launch of its latest smartphone with speedy operation OPPO A71 in Nepal.', 'content' => '<p>September 19: OPPO, a leading global smartphone brand, has announced the launch of its latest smartphone with speedy operation OPPO A71 in Nepal.</p> <p>Packaged with exciting features, the device is designed in line with OPPO’s commitment to redefining the perfect selfie experience to its customers and it falls into their affordable segment of smartphones, the company said in a statement.</p> <p>The A71 equipped with octa-core processor, 3GB RAM and 3000mAH battery is an attractive choice for valued customers and will be priced at Rs 21,990, the company said. It is available in gold color across Nepal through all the major outlets and sales point.</p> <p>“OPPO A71 not only achieves breakthroughs in its kernel functions with an octa-core processor and smoother user experience, but also inherits core OPPO photography technology with Beautify 4.0 on the front camera and optimized rear camera to capture life’s fun moments. Also, the slim metallic uni-body of A71 makes it stand out at the very first sight,” the statement said.</p> <p> Speaking about the newly launched phone OPPO A71, CEO of OPPO Nepal Johnny Ge said, “This phone will bring the best consumer delight among our mid-range customer group. OPPO’s Selfie feature is also accumulated with various exciting features in this phone. We believe people will love this phone”.</p> <p>OPPO A71 is equipped with Color OS 3.1 that upgrades operation experience once again, making it faster and safer, the company said. Considerate functions such as split-screen, eye protection display etc are also available on OPPO A71.</p> <p>Customers can run two applications simultaneously under split-screen to watch TV series and talk about the plot with friends on WhatsApp at the same time, the statement further said.</p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6395', 'image' => '20170919010447_OPPO A71 6_opt.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6611', 'article_category_id' => '1', 'title' => 'Western Union announces winner of Samsung J7 Pro', 'sub_title' => '', 'summary' => 'September 19: Western Union has announced the first winner of Samsung J7 Pro under the "Sambandha Ko Utsav" Campaign. ', 'content' => '<p>September 19: Western Union has announced the first winner of Samsung J7 Pro under the "Sambandha Ko Utsav" Campaign. Arjun Oli of Dang is the lucky winner of Samsung J7 Pro. Issuing a press statement, the company informed that a lucky winner will be selected through lucky draw every week during the campaign. Apart from giving away Samsung mobile every week, the campaign gives recharge cards of Rs 50 to Rs 500 to the customers on a daily basis.</p> <p>The campaign started on September 3 and will end on September 28, the company informend.</p> <p>“Not all friends and relatives are living together. Some of them are living and working far away in foreign countries. The campaign targets to bring relatives closer by facilitating easy communication among relatives and making this festive season more fun oriented and enjoyable,” the statement said.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6394', 'image' => '20170919124903_Picture.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6610', 'article_category_id' => '1', 'title' => 'NIC Asia Bank, NBI sign agreement', 'sub_title' => '', 'summary' => 'September 19: NIC Asia Bank has signed an agreement with National Banking Institute (NBI) to start JANBI course. ', 'content' => '<p>September 19: NIC Asia Bank has signed an agreement with National Banking Institute (NBI) to start JANBI course. The bank has established a separate department to encourage learning and development activities. The bank said it aims to start a Learning and Development Academy to promote learning opportunities. As per the agreement, the bank will provide training on JANBI course to 388 staff. The bank will give special discount to the trainees on various courses provided by NBI. Till date, only 348 people have passed the JANBI course, according to the bank. </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6393', 'image' => '20170919121149_JANBI.JPG', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6609', 'article_category_id' => '1', 'title' => 'Apple World Mobile Announces Festive Offer', 'sub_title' => '', 'summary' => 'September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar. ', 'content' => '<p>September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar. Apple World Mobile has said it will not let any of its buyers walk away empty handed during the offer available at its multi-brand mobile showroom at Mercantile Plaza, Durbar Marg. The company has also announced to provide bumper prize on purchase of phones from the showroom. Under the scheme, customers can get up to 60 percent discount on purchase of phones while one lucky winner will get R15 bike as bumper prize. Other prizes include iphone 8 and a trip to Singapore and Malaysia for one person. </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6392', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6608', 'article_category_id' => '1', 'title' => 'Bhattarai appointed acting CEO of Century Bank', 'sub_title' => '', 'summary' => 'September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank. ', 'content' => '<p>September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank. A meeting of the board of directors of the bank on September 17 decided to promote Bhattarai from the post of deputy CEO to the acting CEO. The same meeting also accepted the resignation of the bank’s CEO Anuj Mani Timilsina. Bhattarai holds an MPhil degree in management in addition to post graduate degrees in economics and human resource management while he is also a law graduate. Bhattarai has served in top posts of various banks including Siddhartha Bank, Himalayan Bank and Century Bank for the last 21 years. </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6391', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6607', 'article_category_id' => '1', 'title' => 'Mahalaxmi Provides Support to Flood Victims', 'sub_title' => '', 'summary' => 'September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims. ', 'content' => '<p>September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims. The bank has deposited Rs 500,000 in the Prime Minister’s Relief Fund through Development Bankers Association. The bank has pledged to continue such works under its corporate social responsibility.</p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6390', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6606', 'article_category_id' => '1', 'title' => 'World Bank Warns of Decline in Economic Growth', 'sub_title' => '', 'summary' => 'September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the floods.', 'content' => '<p>September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the floods.</p> <p>In its semi-annual assessment of economic performance, the World Bank reported that economic activity in Nepal, which rebounded strongly in fiscal year 2017, has been impacted once again by severe floods affecting over a third of the country.</p> <p>Damaging floods in mid-August are likely to affect agriculture, economic activity, and poverty reduction efforts even up to FY 2018.</p> <p> “Economic growth is expected to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years,” says Sudyumna Dahal, World Bank economist and principal author of the latest Nepal Development Update.</p> <p>According to the report, the floods have affected over 5 percent of the total population, with several districts recording the heaviest rainfall in 60 years. Over 80 percent of land in the southern Tarai, the country’s food basket, was affected. Estimates of destroyed crops at 64,000 hectares will likely lead to a weak agricultural output in FY 2018.</p> <p>As Nepal prepares for an ambitious shift from a unitary to federal system of government, closer attention to sequencing political, financial and administrative decentralization will be key, the report says.</p> <p>The World Bank has said a large proportion of federal spending is expected to be passed on to the sub-national governments, ultimately increasing public spending starting from FY 2018.</p> <p>However, the report cautions that unresolved issues surrounding the implementation of the new federal architecture could challenge budget execution, particularly during the upcoming year.</p> <p> Nepal’s new fiscal federalism system suggests a marked asymmetry between stronger decentralization of spending responsibilities and relatively unchanged low decentralization of tax collection powers, notes the report. Similar imbalances hold true between regions across the country.</p> <p> “The sub-national governments will play an increasingly critical role in Nepal’s public expenditures,” said Takuya Kamata, the World Bank’s country manager for Nepal. “A system of fiscal transfers that is designed for transparency and predictability and supported by a small set of simple rules, could go a long way in helping meet the development objectives of federal Nepal,” he said.</p> <p> The report has made some key observations including many functional assignments are “shared” among the three levels of government. It also observed that the revenue collection and tax administration remain relatively unchanged and highly centralized, with limited existing tax bases for sub-national governments. The report suggests that the resulting mismatch between revenue collection and service provision could be closed through inter-governmental transfers. </p> <p>The report said that although the government revenue collection in FY 2017 reached a new record, the government spending accelerated as well. However, more than 60 percent of the capital budget was spent in the last quarter of the fiscal year while expenditure remained significantly below the planned budget, a perennial problem in Nepal. The era of balanced budgets has ended with the fiscal deficit reaching an estimated 3.3 percent of GDP in FY 2017 and is expected to increase as well.</p> <p> Additionally, the current account, which turned into a deficit in FY 2017, is also expected to deteriorate further in FY 2018.</p> <p>The report predicts that import growth should remain strong, while growth of exports and remittances are expected to remain sluggish. Recorded departures of migrant workers have continued to slow, reaching a five-year low in FY 2017. Given the geopolitical tensions between Gulf Cooperation Council countries and Qatar—a major destination of migrant workers—departures are not expected to improve significantly.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6389', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6605', 'article_category_id' => '1', 'title' => 'MoneyGram Announces Winners of First Week', 'sub_title' => '', 'summary' => 'September 18: MoneyGram has announced the winners of the first week of its festive offer held on the occasion of Dashain.', 'content' => '<p><strong>September 18: </strong>MoneyGram has announced the winners of the first week of its festive offer held on the occasion of Dashain.</p> <p>The special promotion campaign of MoneyGram launched on September 1 offers a chance to its receiving customers across Nepal to have their transaction amount doubled, the company said in a statement.</p> <p>The company said that Tika Ram Karki from Kathmandu and Anil Adhikari from Morang are the lucky winners for the first week of the campaign.</p> <p>“We see a significant increase in the transaction volume around Dashian as family members make an extra effort to send money back home. To recognize those efforts, we had decided to launch a promotion rewarding those customers with additional money they can spend on making this time more memorable,” said Sheshagiri Malliah (Sukesh), MoneyGram’s head of India and the subcontinent.</p> <p>Until October 31, every customer receiving an international money transfer in Nepal will be eligible to take part in the lucky draw. MoneyGram said it will double the transaction amount for 16 winners.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6388', 'image' => '20170918123614_moneygram new logo-01.jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6604', 'article_category_id' => '1', 'title' => 'NIC Asia Bank Organises Financial Awareness Rally', 'sub_title' => '', 'summary' => 'September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general public.', 'content' => '<p>September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general public. The rally that started from the Bank’s Kamaladi branch travelled through various locations of central Kathmandu before ending at the same branch, the bank said in a statement. More than 600 staff of the bank had actively participated in the rally.</p> <p>“The Bank has been offering customer oriented international standard banking services to more than 6 lakh deposit customers, 28,000 credit customers and 330,000 digital banking customers through country wide network of 128 branches and extension counters,” the statement said.</p> <p>The bank further said it has always placed utmost priority on customer delight and on offering lucrative and customer centric products and services. The bank claimed that it has been currently been offering an annual interest rate of 9 percent per annum to its saving deposit account holders which is the highest interest rate being offered by any commercial bank in the country.</p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6387', 'image' => '20170918121557_download (1).jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6603', 'article_category_id' => '1', 'title' => 'Everest Bank, NBI sign MoU', 'sub_title' => '', 'summary' => 'September 18: National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September 14.', 'content' => '<p><strong>September 18: </strong>National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September 14. As per the agreement, NBI would provide exclusively customized training programs to the bank for human capital development.</p> <p>A joint statement issued by the two companies states that EBL has become the first bank to sign formal agreement with NBI to run training programs. Under this agreement, Everest Bank Ltd has committed more than Rs 5 million worth training investment during the fiscal year 2017/18. to NBI. The companies believe that this partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank. </p> <p>The MoU was signed by Someshwar Seth, CEO of EBL and Sanjib Subba, CEO of NBI. This alliance is expected to be a milestone in the capacity building process and bringing about positive transformation in the development of human capital.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6386', 'image' => '20170918121053_Picture.jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6602', 'article_category_id' => '1', 'title' => 'Earthquake Resilient Construction Training for Masons', 'sub_title' => '', 'summary' => 'September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings. ', 'content' => '<p>September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings. The training was conducted with the support of Banepa and Panauti municipalities. The training was held from September 9 to 15. Experts informed the masons about various aspects of earthquake resilient buildings including the standard of materials used in construction, foundation and types of foundations, proper process of erecting pillar, number of iron rods to be used in pillars, joining pillars and beam, different types of designs as well as information on damages from earthquakes. </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6385', 'image' => null, 'article_date' => '2017-09-17 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' => '6616', 'article_category_id' => '1', 'title' => 'Supreme Court Tells Government to Compensate People Affected by Road Expansion Drive', 'sub_title' => '', 'summary' => 'September 18: The Supreme Court has ordered the government to move ahead with its road expansion drive only after providing proper compensation to the land and building owners who followed the all the processes to construct their houses. ', 'content' => '<p>September 18: The Supreme Court has ordered the government to move ahead with its road expansion drive only after providing proper compensation to the land and building owners who followed the all the processes to construct their houses. A full bench of justices Kedar Prasad Chalise, Hari Krishna Karki and Purushottam Bhandari issued the verdict on September 17.</p> <p>The apex court’s verdict comes in response to seven separate writ petitions filed by individuals affected by the government’s road expansion drive within the Kathmandu valley.</p> <p>Around 200 residents residing along the road section from Tripureshwar to Nagdhunga as well as those from Chabahil, Koteshwar among other places had filed the writ. The petitioners had demanded the government to carry on with the expansion drive only after providing them adequate compensation.</p> <p>The government had stopped the road expansion works after the valley denizens filed the writ petitions. The government had adopted a policy to expand the width of major roads to 25 meters on both sides from the center of the road. The petitioners had claimed that only highways should be of 50 meters wide and have requested the government only to expand the road to a maximum of 16 meters. </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6399', 'image' => null, 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6615', 'article_category_id' => '1', 'title' => 'Fake Accident to Claim Insurance Amount', 'sub_title' => '', 'summary' => 'September 19: Police have arrested a truck driver and a mastermind who planned a fake road accident to receive insurance amount of a truck loaded with beer.', 'content' => '<p>September 19: Police have arrested a truck driver and a mastermind who planned a fake road accident to receive insurance amount of a truck loaded with beer. It was reported that a truck carrying beer from Gorkha Brewery of Nawalparasi to Kathmandu met with an accident in Icchyakamana of Chitwan about a week ago.</p> <p>After almost ten days of investigation, police solved the mystery behind the accident of the truck with registration number Na 5 Kha 7297 that took place on September 10.</p> <p>Under the influence of Ujjwal Kandel, 30, of Manahari Rural Municipality in Hetauda, truck driver Santosh Khatri, 28, of Hetauda-11 agreed to fake the accident to get the insurance amount for the beer and the vehicle, investigation showed.</p> <p>According to Dilip Raj Jha, Deputy Superintendent of Police (DSP) at the District Police Office (DPO), the truck which was loaded with 1,400 cartons of beer from Gorkha Brewery shifted 1,200 cartons in another truck at Geetanagar, Chitwan and the truck with 200 cartons headed for Kathmandu. The truck was made to fall from Narayani river at Jalabire and the nearby police post at Mugling was informed about the accident.</p> <p>The truck carrying 1,200 cartons of beer went to Hetauda and hid in a house at Manakamana Road. The next day, the conspirators hid 537 cartons of beer in the house of Mani Lama and 426 in Buddha Lama’s house. Police seized the beer, whose market price is Rs 3.7 million, from the two houses, said DSP Jha.</p> <p>Jha informed that four people involved in the crime and 960 cartons of beer have been sent to DPO, Chitwan for further action. </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6398', 'image' => '20170919030404_Police.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6614', 'article_category_id' => '1', 'title' => 'AskMe Management to Recruit Students of Global College International', 'sub_title' => '', 'summary' => 'September 19: AskMe Management Pvt Ltd, Maitidevi, Kathmandu has signed a Memorandum of Understanding (MoU) with Global College International, Kamaladi, Kathmandu with an objective of providing recruitment and placement opportunities to the students of the college.', 'content' => '<p>September 19: AskMe Management Pvt Ltd, Maitidevi, Kathmandu has signed a Memorandum of Understanding (MoU) with Global College International, Kamaladi, Kathmandu with an objective of providing recruitment and placement opportunities to the students of the college.</p> <p> Dr Karan Singh Thagunna, principal of Global College and Archana Kunwar Chhetri, managing director of AskMe Management signed the MoU on behalf of their respective organizations on September 18></p> <p>“AskMe will be the bridging gap between the professional world and students who are getting ready to get to the corporate market,” reads a statement issued by the company.</p> <p> With this alliance, AskMe believes that it will also benefit by directly getting right candidates without incurring huge investment in advertisement.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6397', 'image' => '20170919013701_ask.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6613', 'article_category_id' => '1', 'title' => 'Huawei Awards Call Mobility with Best Business Partner Award 2017', 'sub_title' => '', 'summary' => 'September 18: Call Mobility, the national distributor of Huawei smartphones in Nepal, has been awarded with the Best Business Partner Award 2017 for Nepal by Huawei.', 'content' => '<p>September 18: Call Mobility, the national distributor of Huawei smartphones in Nepal, has been awarded with the Best Business Partner Award 2017 for Nepal by Huawei.</p> <p>Call Mobility was awarded by Huawei Dignitaries amidst a program in recognition of rapid growth of Huawei brand in Nepal, the company said in a press statement.</p> <p>Call Mobility Pvt Ltd is one of the leading business houses in Nepal, which started promoting Huawei products in Nepal since 2013 as the national distributor.</p> <p>“It’s a great honor to receive such a prestigious award from Huawei, and we feel all our hard work in last 3 years has finally paid off. This award will be a great boost to our morale, and shall provide great motivation to our entire team to thrive more, work even harder to become No 1 smartphone brand in Nepal,” Pulkit Bhimsaria, director of Call Mobility, was quoted as saying in the statement upon receiving the award. </p> <p> Huawei Technologies, a Fortune 100-listed company currently ranks 83<sup>rd</sup> and is a leading global information and communications technology (ICT) solutions provider. Huawei said its ICT solutions, products, and services are used in more than 170 countries and regions, serving over one-third of the world's population.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6396', 'image' => '20170919011206_IMG_4237.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6612', 'article_category_id' => '1', 'title' => 'OPPO Launches A71 phone in Nepal', 'sub_title' => '', 'summary' => 'September 19: OPPO, a leading global smartphone brand, has announced the launch of its latest smartphone with speedy operation OPPO A71 in Nepal.', 'content' => '<p>September 19: OPPO, a leading global smartphone brand, has announced the launch of its latest smartphone with speedy operation OPPO A71 in Nepal.</p> <p>Packaged with exciting features, the device is designed in line with OPPO’s commitment to redefining the perfect selfie experience to its customers and it falls into their affordable segment of smartphones, the company said in a statement.</p> <p>The A71 equipped with octa-core processor, 3GB RAM and 3000mAH battery is an attractive choice for valued customers and will be priced at Rs 21,990, the company said. It is available in gold color across Nepal through all the major outlets and sales point.</p> <p>“OPPO A71 not only achieves breakthroughs in its kernel functions with an octa-core processor and smoother user experience, but also inherits core OPPO photography technology with Beautify 4.0 on the front camera and optimized rear camera to capture life’s fun moments. Also, the slim metallic uni-body of A71 makes it stand out at the very first sight,” the statement said.</p> <p> Speaking about the newly launched phone OPPO A71, CEO of OPPO Nepal Johnny Ge said, “This phone will bring the best consumer delight among our mid-range customer group. OPPO’s Selfie feature is also accumulated with various exciting features in this phone. We believe people will love this phone”.</p> <p>OPPO A71 is equipped with Color OS 3.1 that upgrades operation experience once again, making it faster and safer, the company said. Considerate functions such as split-screen, eye protection display etc are also available on OPPO A71.</p> <p>Customers can run two applications simultaneously under split-screen to watch TV series and talk about the plot with friends on WhatsApp at the same time, the statement further said.</p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6395', 'image' => '20170919010447_OPPO A71 6_opt.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6611', 'article_category_id' => '1', 'title' => 'Western Union announces winner of Samsung J7 Pro', 'sub_title' => '', 'summary' => 'September 19: Western Union has announced the first winner of Samsung J7 Pro under the "Sambandha Ko Utsav" Campaign. ', 'content' => '<p>September 19: Western Union has announced the first winner of Samsung J7 Pro under the "Sambandha Ko Utsav" Campaign. Arjun Oli of Dang is the lucky winner of Samsung J7 Pro. Issuing a press statement, the company informed that a lucky winner will be selected through lucky draw every week during the campaign. Apart from giving away Samsung mobile every week, the campaign gives recharge cards of Rs 50 to Rs 500 to the customers on a daily basis.</p> <p>The campaign started on September 3 and will end on September 28, the company informend.</p> <p>“Not all friends and relatives are living together. Some of them are living and working far away in foreign countries. The campaign targets to bring relatives closer by facilitating easy communication among relatives and making this festive season more fun oriented and enjoyable,” the statement said.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6394', 'image' => '20170919124903_Picture.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6610', 'article_category_id' => '1', 'title' => 'NIC Asia Bank, NBI sign agreement', 'sub_title' => '', 'summary' => 'September 19: NIC Asia Bank has signed an agreement with National Banking Institute (NBI) to start JANBI course. ', 'content' => '<p>September 19: NIC Asia Bank has signed an agreement with National Banking Institute (NBI) to start JANBI course. The bank has established a separate department to encourage learning and development activities. The bank said it aims to start a Learning and Development Academy to promote learning opportunities. As per the agreement, the bank will provide training on JANBI course to 388 staff. The bank will give special discount to the trainees on various courses provided by NBI. Till date, only 348 people have passed the JANBI course, according to the bank. </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6393', 'image' => '20170919121149_JANBI.JPG', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6609', 'article_category_id' => '1', 'title' => 'Apple World Mobile Announces Festive Offer', 'sub_title' => '', 'summary' => 'September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar. ', 'content' => '<p>September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar. Apple World Mobile has said it will not let any of its buyers walk away empty handed during the offer available at its multi-brand mobile showroom at Mercantile Plaza, Durbar Marg. The company has also announced to provide bumper prize on purchase of phones from the showroom. Under the scheme, customers can get up to 60 percent discount on purchase of phones while one lucky winner will get R15 bike as bumper prize. Other prizes include iphone 8 and a trip to Singapore and Malaysia for one person. </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6392', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6608', 'article_category_id' => '1', 'title' => 'Bhattarai appointed acting CEO of Century Bank', 'sub_title' => '', 'summary' => 'September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank. ', 'content' => '<p>September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank. A meeting of the board of directors of the bank on September 17 decided to promote Bhattarai from the post of deputy CEO to the acting CEO. The same meeting also accepted the resignation of the bank’s CEO Anuj Mani Timilsina. Bhattarai holds an MPhil degree in management in addition to post graduate degrees in economics and human resource management while he is also a law graduate. Bhattarai has served in top posts of various banks including Siddhartha Bank, Himalayan Bank and Century Bank for the last 21 years. </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6391', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6607', 'article_category_id' => '1', 'title' => 'Mahalaxmi Provides Support to Flood Victims', 'sub_title' => '', 'summary' => 'September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims. ', 'content' => '<p>September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims. The bank has deposited Rs 500,000 in the Prime Minister’s Relief Fund through Development Bankers Association. The bank has pledged to continue such works under its corporate social responsibility.</p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6390', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6606', 'article_category_id' => '1', 'title' => 'World Bank Warns of Decline in Economic Growth', 'sub_title' => '', 'summary' => 'September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the floods.', 'content' => '<p>September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the floods.</p> <p>In its semi-annual assessment of economic performance, the World Bank reported that economic activity in Nepal, which rebounded strongly in fiscal year 2017, has been impacted once again by severe floods affecting over a third of the country.</p> <p>Damaging floods in mid-August are likely to affect agriculture, economic activity, and poverty reduction efforts even up to FY 2018.</p> <p> “Economic growth is expected to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years,” says Sudyumna Dahal, World Bank economist and principal author of the latest Nepal Development Update.</p> <p>According to the report, the floods have affected over 5 percent of the total population, with several districts recording the heaviest rainfall in 60 years. Over 80 percent of land in the southern Tarai, the country’s food basket, was affected. Estimates of destroyed crops at 64,000 hectares will likely lead to a weak agricultural output in FY 2018.</p> <p>As Nepal prepares for an ambitious shift from a unitary to federal system of government, closer attention to sequencing political, financial and administrative decentralization will be key, the report says.</p> <p>The World Bank has said a large proportion of federal spending is expected to be passed on to the sub-national governments, ultimately increasing public spending starting from FY 2018.</p> <p>However, the report cautions that unresolved issues surrounding the implementation of the new federal architecture could challenge budget execution, particularly during the upcoming year.</p> <p> Nepal’s new fiscal federalism system suggests a marked asymmetry between stronger decentralization of spending responsibilities and relatively unchanged low decentralization of tax collection powers, notes the report. Similar imbalances hold true between regions across the country.</p> <p> “The sub-national governments will play an increasingly critical role in Nepal’s public expenditures,” said Takuya Kamata, the World Bank’s country manager for Nepal. “A system of fiscal transfers that is designed for transparency and predictability and supported by a small set of simple rules, could go a long way in helping meet the development objectives of federal Nepal,” he said.</p> <p> The report has made some key observations including many functional assignments are “shared” among the three levels of government. It also observed that the revenue collection and tax administration remain relatively unchanged and highly centralized, with limited existing tax bases for sub-national governments. The report suggests that the resulting mismatch between revenue collection and service provision could be closed through inter-governmental transfers. </p> <p>The report said that although the government revenue collection in FY 2017 reached a new record, the government spending accelerated as well. However, more than 60 percent of the capital budget was spent in the last quarter of the fiscal year while expenditure remained significantly below the planned budget, a perennial problem in Nepal. The era of balanced budgets has ended with the fiscal deficit reaching an estimated 3.3 percent of GDP in FY 2017 and is expected to increase as well.</p> <p> Additionally, the current account, which turned into a deficit in FY 2017, is also expected to deteriorate further in FY 2018.</p> <p>The report predicts that import growth should remain strong, while growth of exports and remittances are expected to remain sluggish. Recorded departures of migrant workers have continued to slow, reaching a five-year low in FY 2017. Given the geopolitical tensions between Gulf Cooperation Council countries and Qatar—a major destination of migrant workers—departures are not expected to improve significantly.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6389', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6605', 'article_category_id' => '1', 'title' => 'MoneyGram Announces Winners of First Week', 'sub_title' => '', 'summary' => 'September 18: MoneyGram has announced the winners of the first week of its festive offer held on the occasion of Dashain.', 'content' => '<p><strong>September 18: </strong>MoneyGram has announced the winners of the first week of its festive offer held on the occasion of Dashain.</p> <p>The special promotion campaign of MoneyGram launched on September 1 offers a chance to its receiving customers across Nepal to have their transaction amount doubled, the company said in a statement.</p> <p>The company said that Tika Ram Karki from Kathmandu and Anil Adhikari from Morang are the lucky winners for the first week of the campaign.</p> <p>“We see a significant increase in the transaction volume around Dashian as family members make an extra effort to send money back home. To recognize those efforts, we had decided to launch a promotion rewarding those customers with additional money they can spend on making this time more memorable,” said Sheshagiri Malliah (Sukesh), MoneyGram’s head of India and the subcontinent.</p> <p>Until October 31, every customer receiving an international money transfer in Nepal will be eligible to take part in the lucky draw. MoneyGram said it will double the transaction amount for 16 winners.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6388', 'image' => '20170918123614_moneygram new logo-01.jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6604', 'article_category_id' => '1', 'title' => 'NIC Asia Bank Organises Financial Awareness Rally', 'sub_title' => '', 'summary' => 'September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general public.', 'content' => '<p>September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general public. The rally that started from the Bank’s Kamaladi branch travelled through various locations of central Kathmandu before ending at the same branch, the bank said in a statement. More than 600 staff of the bank had actively participated in the rally.</p> <p>“The Bank has been offering customer oriented international standard banking services to more than 6 lakh deposit customers, 28,000 credit customers and 330,000 digital banking customers through country wide network of 128 branches and extension counters,” the statement said.</p> <p>The bank further said it has always placed utmost priority on customer delight and on offering lucrative and customer centric products and services. The bank claimed that it has been currently been offering an annual interest rate of 9 percent per annum to its saving deposit account holders which is the highest interest rate being offered by any commercial bank in the country.</p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6387', 'image' => '20170918121557_download (1).jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6603', 'article_category_id' => '1', 'title' => 'Everest Bank, NBI sign MoU', 'sub_title' => '', 'summary' => 'September 18: National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September 14.', 'content' => '<p><strong>September 18: </strong>National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September 14. As per the agreement, NBI would provide exclusively customized training programs to the bank for human capital development.</p> <p>A joint statement issued by the two companies states that EBL has become the first bank to sign formal agreement with NBI to run training programs. Under this agreement, Everest Bank Ltd has committed more than Rs 5 million worth training investment during the fiscal year 2017/18. to NBI. The companies believe that this partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank. </p> <p>The MoU was signed by Someshwar Seth, CEO of EBL and Sanjib Subba, CEO of NBI. This alliance is expected to be a milestone in the capacity building process and bringing about positive transformation in the development of human capital.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6386', 'image' => '20170918121053_Picture.jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6602', 'article_category_id' => '1', 'title' => 'Earthquake Resilient Construction Training for Masons', 'sub_title' => '', 'summary' => 'September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings. ', 'content' => '<p>September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings. The training was conducted with the support of Banepa and Panauti municipalities. The training was held from September 9 to 15. Experts informed the masons about various aspects of earthquake resilient buildings including the standard of materials used in construction, foundation and types of foundations, proper process of erecting pillar, number of iron rods to be used in pillars, joining pillars and beam, different types of designs as well as information on damages from earthquakes. </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6385', 'image' => null, 'article_date' => '2017-09-17 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
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 133]file not found!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' => '6616', 'article_category_id' => '1', 'title' => 'Supreme Court Tells Government to Compensate People Affected by Road Expansion Drive', 'sub_title' => '', 'summary' => 'September 18: The Supreme Court has ordered the government to move ahead with its road expansion drive only after providing proper compensation to the land and building owners who followed the all the processes to construct their houses. ', 'content' => '<p>September 18: The Supreme Court has ordered the government to move ahead with its road expansion drive only after providing proper compensation to the land and building owners who followed the all the processes to construct their houses. A full bench of justices Kedar Prasad Chalise, Hari Krishna Karki and Purushottam Bhandari issued the verdict on September 17.</p> <p>The apex court’s verdict comes in response to seven separate writ petitions filed by individuals affected by the government’s road expansion drive within the Kathmandu valley.</p> <p>Around 200 residents residing along the road section from Tripureshwar to Nagdhunga as well as those from Chabahil, Koteshwar among other places had filed the writ. The petitioners had demanded the government to carry on with the expansion drive only after providing them adequate compensation.</p> <p>The government had stopped the road expansion works after the valley denizens filed the writ petitions. The government had adopted a policy to expand the width of major roads to 25 meters on both sides from the center of the road. The petitioners had claimed that only highways should be of 50 meters wide and have requested the government only to expand the road to a maximum of 16 meters. </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6399', 'image' => null, 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6615', 'article_category_id' => '1', 'title' => 'Fake Accident to Claim Insurance Amount', 'sub_title' => '', 'summary' => 'September 19: Police have arrested a truck driver and a mastermind who planned a fake road accident to receive insurance amount of a truck loaded with beer.', 'content' => '<p>September 19: Police have arrested a truck driver and a mastermind who planned a fake road accident to receive insurance amount of a truck loaded with beer. It was reported that a truck carrying beer from Gorkha Brewery of Nawalparasi to Kathmandu met with an accident in Icchyakamana of Chitwan about a week ago.</p> <p>After almost ten days of investigation, police solved the mystery behind the accident of the truck with registration number Na 5 Kha 7297 that took place on September 10.</p> <p>Under the influence of Ujjwal Kandel, 30, of Manahari Rural Municipality in Hetauda, truck driver Santosh Khatri, 28, of Hetauda-11 agreed to fake the accident to get the insurance amount for the beer and the vehicle, investigation showed.</p> <p>According to Dilip Raj Jha, Deputy Superintendent of Police (DSP) at the District Police Office (DPO), the truck which was loaded with 1,400 cartons of beer from Gorkha Brewery shifted 1,200 cartons in another truck at Geetanagar, Chitwan and the truck with 200 cartons headed for Kathmandu. The truck was made to fall from Narayani river at Jalabire and the nearby police post at Mugling was informed about the accident.</p> <p>The truck carrying 1,200 cartons of beer went to Hetauda and hid in a house at Manakamana Road. The next day, the conspirators hid 537 cartons of beer in the house of Mani Lama and 426 in Buddha Lama’s house. Police seized the beer, whose market price is Rs 3.7 million, from the two houses, said DSP Jha.</p> <p>Jha informed that four people involved in the crime and 960 cartons of beer have been sent to DPO, Chitwan for further action. </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6398', 'image' => '20170919030404_Police.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6614', 'article_category_id' => '1', 'title' => 'AskMe Management to Recruit Students of Global College International', 'sub_title' => '', 'summary' => 'September 19: AskMe Management Pvt Ltd, Maitidevi, Kathmandu has signed a Memorandum of Understanding (MoU) with Global College International, Kamaladi, Kathmandu with an objective of providing recruitment and placement opportunities to the students of the college.', 'content' => '<p>September 19: AskMe Management Pvt Ltd, Maitidevi, Kathmandu has signed a Memorandum of Understanding (MoU) with Global College International, Kamaladi, Kathmandu with an objective of providing recruitment and placement opportunities to the students of the college.</p> <p> Dr Karan Singh Thagunna, principal of Global College and Archana Kunwar Chhetri, managing director of AskMe Management signed the MoU on behalf of their respective organizations on September 18></p> <p>“AskMe will be the bridging gap between the professional world and students who are getting ready to get to the corporate market,” reads a statement issued by the company.</p> <p> With this alliance, AskMe believes that it will also benefit by directly getting right candidates without incurring huge investment in advertisement.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6397', 'image' => '20170919013701_ask.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6613', 'article_category_id' => '1', 'title' => 'Huawei Awards Call Mobility with Best Business Partner Award 2017', 'sub_title' => '', 'summary' => 'September 18: Call Mobility, the national distributor of Huawei smartphones in Nepal, has been awarded with the Best Business Partner Award 2017 for Nepal by Huawei.', 'content' => '<p>September 18: Call Mobility, the national distributor of Huawei smartphones in Nepal, has been awarded with the Best Business Partner Award 2017 for Nepal by Huawei.</p> <p>Call Mobility was awarded by Huawei Dignitaries amidst a program in recognition of rapid growth of Huawei brand in Nepal, the company said in a press statement.</p> <p>Call Mobility Pvt Ltd is one of the leading business houses in Nepal, which started promoting Huawei products in Nepal since 2013 as the national distributor.</p> <p>“It’s a great honor to receive such a prestigious award from Huawei, and we feel all our hard work in last 3 years has finally paid off. This award will be a great boost to our morale, and shall provide great motivation to our entire team to thrive more, work even harder to become No 1 smartphone brand in Nepal,” Pulkit Bhimsaria, director of Call Mobility, was quoted as saying in the statement upon receiving the award. </p> <p> Huawei Technologies, a Fortune 100-listed company currently ranks 83<sup>rd</sup> and is a leading global information and communications technology (ICT) solutions provider. Huawei said its ICT solutions, products, and services are used in more than 170 countries and regions, serving over one-third of the world's population.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6396', 'image' => '20170919011206_IMG_4237.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6612', 'article_category_id' => '1', 'title' => 'OPPO Launches A71 phone in Nepal', 'sub_title' => '', 'summary' => 'September 19: OPPO, a leading global smartphone brand, has announced the launch of its latest smartphone with speedy operation OPPO A71 in Nepal.', 'content' => '<p>September 19: OPPO, a leading global smartphone brand, has announced the launch of its latest smartphone with speedy operation OPPO A71 in Nepal.</p> <p>Packaged with exciting features, the device is designed in line with OPPO’s commitment to redefining the perfect selfie experience to its customers and it falls into their affordable segment of smartphones, the company said in a statement.</p> <p>The A71 equipped with octa-core processor, 3GB RAM and 3000mAH battery is an attractive choice for valued customers and will be priced at Rs 21,990, the company said. It is available in gold color across Nepal through all the major outlets and sales point.</p> <p>“OPPO A71 not only achieves breakthroughs in its kernel functions with an octa-core processor and smoother user experience, but also inherits core OPPO photography technology with Beautify 4.0 on the front camera and optimized rear camera to capture life’s fun moments. Also, the slim metallic uni-body of A71 makes it stand out at the very first sight,” the statement said.</p> <p> Speaking about the newly launched phone OPPO A71, CEO of OPPO Nepal Johnny Ge said, “This phone will bring the best consumer delight among our mid-range customer group. OPPO’s Selfie feature is also accumulated with various exciting features in this phone. We believe people will love this phone”.</p> <p>OPPO A71 is equipped with Color OS 3.1 that upgrades operation experience once again, making it faster and safer, the company said. Considerate functions such as split-screen, eye protection display etc are also available on OPPO A71.</p> <p>Customers can run two applications simultaneously under split-screen to watch TV series and talk about the plot with friends on WhatsApp at the same time, the statement further said.</p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6395', 'image' => '20170919010447_OPPO A71 6_opt.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6611', 'article_category_id' => '1', 'title' => 'Western Union announces winner of Samsung J7 Pro', 'sub_title' => '', 'summary' => 'September 19: Western Union has announced the first winner of Samsung J7 Pro under the "Sambandha Ko Utsav" Campaign. ', 'content' => '<p>September 19: Western Union has announced the first winner of Samsung J7 Pro under the "Sambandha Ko Utsav" Campaign. Arjun Oli of Dang is the lucky winner of Samsung J7 Pro. Issuing a press statement, the company informed that a lucky winner will be selected through lucky draw every week during the campaign. Apart from giving away Samsung mobile every week, the campaign gives recharge cards of Rs 50 to Rs 500 to the customers on a daily basis.</p> <p>The campaign started on September 3 and will end on September 28, the company informend.</p> <p>“Not all friends and relatives are living together. Some of them are living and working far away in foreign countries. The campaign targets to bring relatives closer by facilitating easy communication among relatives and making this festive season more fun oriented and enjoyable,” the statement said.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6394', 'image' => '20170919124903_Picture.jpg', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6610', 'article_category_id' => '1', 'title' => 'NIC Asia Bank, NBI sign agreement', 'sub_title' => '', 'summary' => 'September 19: NIC Asia Bank has signed an agreement with National Banking Institute (NBI) to start JANBI course. ', 'content' => '<p>September 19: NIC Asia Bank has signed an agreement with National Banking Institute (NBI) to start JANBI course. The bank has established a separate department to encourage learning and development activities. The bank said it aims to start a Learning and Development Academy to promote learning opportunities. As per the agreement, the bank will provide training on JANBI course to 388 staff. The bank will give special discount to the trainees on various courses provided by NBI. Till date, only 348 people have passed the JANBI course, according to the bank. </p> ', 'published' => true, 'created' => '2017-09-19', 'modified' => '2017-09-19', 'keywords' => '', 'description' => '', 'sortorder' => '6393', 'image' => '20170919121149_JANBI.JPG', 'article_date' => '2017-09-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6609', 'article_category_id' => '1', 'title' => 'Apple World Mobile Announces Festive Offer', 'sub_title' => '', 'summary' => 'September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar. ', 'content' => '<p>September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar. Apple World Mobile has said it will not let any of its buyers walk away empty handed during the offer available at its multi-brand mobile showroom at Mercantile Plaza, Durbar Marg. The company has also announced to provide bumper prize on purchase of phones from the showroom. Under the scheme, customers can get up to 60 percent discount on purchase of phones while one lucky winner will get R15 bike as bumper prize. Other prizes include iphone 8 and a trip to Singapore and Malaysia for one person. </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6392', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6608', 'article_category_id' => '1', 'title' => 'Bhattarai appointed acting CEO of Century Bank', 'sub_title' => '', 'summary' => 'September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank. ', 'content' => '<p>September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank. A meeting of the board of directors of the bank on September 17 decided to promote Bhattarai from the post of deputy CEO to the acting CEO. The same meeting also accepted the resignation of the bank’s CEO Anuj Mani Timilsina. Bhattarai holds an MPhil degree in management in addition to post graduate degrees in economics and human resource management while he is also a law graduate. Bhattarai has served in top posts of various banks including Siddhartha Bank, Himalayan Bank and Century Bank for the last 21 years. </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6391', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6607', 'article_category_id' => '1', 'title' => 'Mahalaxmi Provides Support to Flood Victims', 'sub_title' => '', 'summary' => 'September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims. ', 'content' => '<p>September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims. The bank has deposited Rs 500,000 in the Prime Minister’s Relief Fund through Development Bankers Association. The bank has pledged to continue such works under its corporate social responsibility.</p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6390', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6606', 'article_category_id' => '1', 'title' => 'World Bank Warns of Decline in Economic Growth', 'sub_title' => '', 'summary' => 'September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the floods.', 'content' => '<p>September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the floods.</p> <p>In its semi-annual assessment of economic performance, the World Bank reported that economic activity in Nepal, which rebounded strongly in fiscal year 2017, has been impacted once again by severe floods affecting over a third of the country.</p> <p>Damaging floods in mid-August are likely to affect agriculture, economic activity, and poverty reduction efforts even up to FY 2018.</p> <p> “Economic growth is expected to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years,” says Sudyumna Dahal, World Bank economist and principal author of the latest Nepal Development Update.</p> <p>According to the report, the floods have affected over 5 percent of the total population, with several districts recording the heaviest rainfall in 60 years. Over 80 percent of land in the southern Tarai, the country’s food basket, was affected. Estimates of destroyed crops at 64,000 hectares will likely lead to a weak agricultural output in FY 2018.</p> <p>As Nepal prepares for an ambitious shift from a unitary to federal system of government, closer attention to sequencing political, financial and administrative decentralization will be key, the report says.</p> <p>The World Bank has said a large proportion of federal spending is expected to be passed on to the sub-national governments, ultimately increasing public spending starting from FY 2018.</p> <p>However, the report cautions that unresolved issues surrounding the implementation of the new federal architecture could challenge budget execution, particularly during the upcoming year.</p> <p> Nepal’s new fiscal federalism system suggests a marked asymmetry between stronger decentralization of spending responsibilities and relatively unchanged low decentralization of tax collection powers, notes the report. Similar imbalances hold true between regions across the country.</p> <p> “The sub-national governments will play an increasingly critical role in Nepal’s public expenditures,” said Takuya Kamata, the World Bank’s country manager for Nepal. “A system of fiscal transfers that is designed for transparency and predictability and supported by a small set of simple rules, could go a long way in helping meet the development objectives of federal Nepal,” he said.</p> <p> The report has made some key observations including many functional assignments are “shared” among the three levels of government. It also observed that the revenue collection and tax administration remain relatively unchanged and highly centralized, with limited existing tax bases for sub-national governments. The report suggests that the resulting mismatch between revenue collection and service provision could be closed through inter-governmental transfers. </p> <p>The report said that although the government revenue collection in FY 2017 reached a new record, the government spending accelerated as well. However, more than 60 percent of the capital budget was spent in the last quarter of the fiscal year while expenditure remained significantly below the planned budget, a perennial problem in Nepal. The era of balanced budgets has ended with the fiscal deficit reaching an estimated 3.3 percent of GDP in FY 2017 and is expected to increase as well.</p> <p> Additionally, the current account, which turned into a deficit in FY 2017, is also expected to deteriorate further in FY 2018.</p> <p>The report predicts that import growth should remain strong, while growth of exports and remittances are expected to remain sluggish. Recorded departures of migrant workers have continued to slow, reaching a five-year low in FY 2017. Given the geopolitical tensions between Gulf Cooperation Council countries and Qatar—a major destination of migrant workers—departures are not expected to improve significantly.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6389', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6605', 'article_category_id' => '1', 'title' => 'MoneyGram Announces Winners of First Week', 'sub_title' => '', 'summary' => 'September 18: MoneyGram has announced the winners of the first week of its festive offer held on the occasion of Dashain.', 'content' => '<p><strong>September 18: </strong>MoneyGram has announced the winners of the first week of its festive offer held on the occasion of Dashain.</p> <p>The special promotion campaign of MoneyGram launched on September 1 offers a chance to its receiving customers across Nepal to have their transaction amount doubled, the company said in a statement.</p> <p>The company said that Tika Ram Karki from Kathmandu and Anil Adhikari from Morang are the lucky winners for the first week of the campaign.</p> <p>“We see a significant increase in the transaction volume around Dashian as family members make an extra effort to send money back home. To recognize those efforts, we had decided to launch a promotion rewarding those customers with additional money they can spend on making this time more memorable,” said Sheshagiri Malliah (Sukesh), MoneyGram’s head of India and the subcontinent.</p> <p>Until October 31, every customer receiving an international money transfer in Nepal will be eligible to take part in the lucky draw. MoneyGram said it will double the transaction amount for 16 winners.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6388', 'image' => '20170918123614_moneygram new logo-01.jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6604', 'article_category_id' => '1', 'title' => 'NIC Asia Bank Organises Financial Awareness Rally', 'sub_title' => '', 'summary' => 'September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general public.', 'content' => '<p>September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general public. The rally that started from the Bank’s Kamaladi branch travelled through various locations of central Kathmandu before ending at the same branch, the bank said in a statement. More than 600 staff of the bank had actively participated in the rally.</p> <p>“The Bank has been offering customer oriented international standard banking services to more than 6 lakh deposit customers, 28,000 credit customers and 330,000 digital banking customers through country wide network of 128 branches and extension counters,” the statement said.</p> <p>The bank further said it has always placed utmost priority on customer delight and on offering lucrative and customer centric products and services. The bank claimed that it has been currently been offering an annual interest rate of 9 percent per annum to its saving deposit account holders which is the highest interest rate being offered by any commercial bank in the country.</p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6387', 'image' => '20170918121557_download (1).jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6603', 'article_category_id' => '1', 'title' => 'Everest Bank, NBI sign MoU', 'sub_title' => '', 'summary' => 'September 18: National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September 14.', 'content' => '<p><strong>September 18: </strong>National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September 14. As per the agreement, NBI would provide exclusively customized training programs to the bank for human capital development.</p> <p>A joint statement issued by the two companies states that EBL has become the first bank to sign formal agreement with NBI to run training programs. Under this agreement, Everest Bank Ltd has committed more than Rs 5 million worth training investment during the fiscal year 2017/18. to NBI. The companies believe that this partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank. </p> <p>The MoU was signed by Someshwar Seth, CEO of EBL and Sanjib Subba, CEO of NBI. This alliance is expected to be a milestone in the capacity building process and bringing about positive transformation in the development of human capital.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6386', 'image' => '20170918121053_Picture.jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6602', 'article_category_id' => '1', 'title' => 'Earthquake Resilient Construction Training for Masons', 'sub_title' => '', 'summary' => 'September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings. ', 'content' => '<p>September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings. The training was conducted with the support of Banepa and Panauti municipalities. The training was held from September 9 to 15. Experts informed the masons about various aspects of earthquake resilient buildings including the standard of materials used in construction, foundation and types of foundations, proper process of erecting pillar, number of iron rods to be used in pillars, joining pillars and beam, different types of designs as well as information on damages from earthquakes. </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6385', 'image' => null, 'article_date' => '2017-09-17 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