Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '6209',
			'article_category_id' => '1',
			'title' => 'Favourable Environment Needed to Attract Investments in Large Projects: NCC',
			'sub_title' => '',
			'summary' => 'Nepal Chamber of Commerce (NCC) has drawn the attention of the government to maintain equidistant diplomatic relations with two neighbors India and China.',
			'content' => '<p>July 13:&nbsp;&nbsp; Nepal Chamber of Commerce (NCC) has drawn the attention of the government to maintain equidistant diplomatic relations with two neighbors India and China.</p>

<p>&nbsp;A delegation of the NCC on Wednesday met with Deputy Prime Minister and Foreign Minister Krishna Bahadur Mahara and requested the government to create favorable environment to attract investment in large projects from India and China.</p>

<p>&nbsp;The team led by NCC President Rajesh Kaji Shrestha said Nepal should utilize SAFTA, BIMSTEC and BBIN for attaining economic prosperity. The delegation also said that Nepal should remain neutral by not taking sides of any of the two neighbours.</p>

<p>Foreign Minister Mahara also said Nepal was in favor of taking benefit from both the neighbors, adding that he has already visited China for this purpose and will take initiative towards making SAFTA, BIMSTEC and BBIN more dynamic during his visit to India.</p>

<p>&nbsp;On the occasion, DPM Mahara said Nepal has a strategy of mobilizing Nepali missions abroad for economic development of the country.</p>

<p>&nbsp;Present in the delegation were NCC Senior Vice Chairman Lokmanya Golchha, First Vice Chairman Gyanendra Ratna Tuladhar and Second Vice Chairman Rajendra Malla and NCC working committee members, among others.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5993',
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			'article_date' => '2017-07-13 00:00:00',
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			'id' => '6208',
			'article_category_id' => '1',
			'title' => 'Tuborg Classic now Available in Itahari',
			'sub_title' => '',
			'summary' => 'After the successful launch of Tuborg Classic with Scotch Malts in Kathmandu, Pokhara, Narayangadh and Janakpur, Gorkha Brewry has launched the strong beer in Itahari.',
			'content' => '<p>July 13: After the successful launch of Tuborg Classic with Scotch Malts in Kathmandu, Pokhara, Narayangadh and Janakpur, Gorkha Brewry has launched the strong beer in Itahari.</p>

<p>Gorkha Brewry launched the beer amidst a function held at Hotel Itahari on July 12.</p>

<p>&ldquo;Our objective is to give our valued customers choices of world-class tastes,&rdquo; said Arun Adhikari, Managing Director of Gorkha Brewry, adding, &ldquo; We have prepared a special recipe in collaboration with friends from Carlsberg Group. This will give the Nepali consumers choice of best beers at their disposal.&rdquo;</p>

<p>Shedding light on the new product, Adhikari said that Tuborg Classic is a strong beer having one of the best tastes. He claimed that the beer prepared with premium scotch malts and selected herbs will give the new generation of Nepali beer lovers a different premium taste. &nbsp;</p>

<p>The beer with tagline &lsquo;strong and smoother&rsquo; has 6.5 percent of alcohol content. The price of 650 ml bottle of the beer is Rs 310 in the market.</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5992',
			'image' => '20170713040653_tuborgajit.jpg',
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			'id' => '6201',
			'article_category_id' => '1',
			'title' => 'Banks to Remain Open this Saturday',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank has instructed all the banks and financial institutions (BFIs) to remain open this Saturday.',
			'content' => '<p>July 13: Nepal Rastra Bank has instructed all the banks and financial institutions (BFIs) to remain open this Saturday. The central bank issued such circular as it is the last day of the current fiscal year. NRB took such decision to ease revenue collection. It is mandatory for all BFIs to close their accounts at the end of each fiscal year. As per the instructions of the Financial Comptroller General&rsquo;s Office, arrangements have been made for revenue collection through IPS till 4 pm on July 15. Besides that, the central bank will accept cheques related to revenue and settle all arrears on the same day.</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5991',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
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			'id' => '6207',
			'article_category_id' => '1',
			'title' => 'Hamro Bikas opens branch at Ranipauwa',
			'sub_title' => '',
			'summary' => 'Hamro Bikas Bank has opened a new branch at Ranipauwa of Nuwakot district.',
			'content' => '<p>July 13: Hamro Bikas Bank has opened a new branch at Ranipauwa of Nuwakot district. Chinta Mani Shiwakoti, deputy governor Nepal Rastra Bank, inaugurated the branch amid a program on July 10. Extending his best wishes to the bank for opening the branch in rural area, Shiwakoti claimed it will benefit the public to undertake banking transactions. The bank is providing banking services through five branches and one extension counter at Nuwakot.</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5990',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
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			'id' => '6206',
			'article_category_id' => '1',
			'title' => 'NIBL acquires Ace',
			'sub_title' => '',
			'summary' => 'Nepal Investment Bank Limited has started integrated transaction service from July 13 after acquiring ACE Development Bank. ',
			'content' => '<p>July 13: Nepal Investment Bank Limited has started integrated transaction service from July 13 after acquiring ACE Development Bank. After acquiring ACE on the swap ratio of 100:41, the paid-up capital of NIBL has reached Rs 9.24 billion. Similarly, the bank&rsquo;s deposits have totaled Rs 124 billion while its extension of loans has reached to Rs 107 billion.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5989',
			'image' => '20170713033417_NIBL.jpg',
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			'homepage' => false,
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			'id' => '6205',
			'article_category_id' => '1',
			'title' => 'Nabil establishes 100th ATM',
			'sub_title' => '',
			'summary' => 'Nabil Bank has opened four additional ATM outlets at various locations.',
			'content' => '<p>July 13: Nabil Bank has opened four additional ATM outlets at various locations. With the addition, the bank now has a total of 100 ATM outlets which includes 54 branches inside the Kathmandu valley and 46 branches outside the valley. VISA card, Master card, Union Pay international card and SCT card holders can withdraw money and enjoy various other services from all the ATM outlets.&nbsp;</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5988',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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			'id' => '6204',
			'article_category_id' => '1',
			'title' => 'Lumbini Opens Branch at Chandrawati',
			'sub_title' => '',
			'summary' => 'Lumbini Bikas Bank has opened its branch at Bhanu Munucipality-13 of Chandrawati, in Tanahun district. ',
			'content' => '<p>July 13: Lumbini Bikas Bank has opened its branch at Bhanu Munucipality-13 of Chandrawati, in Tanahun district. Rajendra Pandit, director of Nepal Rastra Bank, inaugurated the branch amid a program held on July 12. It is the 50<sup>th</sup> branch of the bank. Jhalak Prasad Khanal, CEO of the bank, said that the branch has been opened with the objective of providing loan to agriculture sector and small businesses.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5987',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
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			'id' => '6203',
			'article_category_id' => '1',
			'title' => 'Remittance Agreement between Ramro Remit and Kumari',
			'sub_title' => '',
			'summary' => 'Kumari Bank has finalized remittance agreement with Ramro Remit.',
			'content' => '<p>July 13: Kumari Bank has finalized remittance agreement with Ramro Remit. Rajesh Shrestha, chief marketing officer of Kumari Bank, and CEO of Ramro Remit Rameshwor Shrestha signed the agreement to this effect. With the agreement, money transferred through Ramro Remit from around the world can be collected from any branch of Kumari Bank.</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5986',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '6202',
			'article_category_id' => '1',
			'title' => 'SEBON to Encourage Companies to Enter Capital Market',
			'sub_title' => '',
			'summary' => 'Securities Board of Nepal (SEBON) has said it will encourage production-based companies to enter the capital market. ',
			'content' => '<p>July 13: Securities Board of Nepal (SEBON) has said it will encourage production-based companies to enter the capital market. SEBON decided to give priority to this issue after the government included this sector in its Policy and Program as well as in the budget for the fiscal year 2017/18.</p>

<p>SEBON made such announcement during a program organized to review the current FY 2016/17 and to chart a plan for the upcoming FY 2017/18.</p>

<p>During the program, discussions were held regarding the policy level and institutional development of the capital market among the concerned stakeholders.&nbsp; Speakers opined that the board should take special initiative to make the stock market more transparent and fully autonomous.</p>

<p>SEBON said that it is quite challenging to implement all the issues related to the capital market that have been incorporated in the budget.</p>

<p>SEBON Executive Director Paristha Poudyal said that although the Securities Registration and Issue Regulations 2073 has provisions for incentives, the reality is something different. He said that it is quite challenging for any company to enter the capital market. Paudyal further informed that board has found it equally challenging to make the secondary stock market more competitive and expand it across the country due to lack of effective regulation and supervision.</p>

<p>He also said that SEBON is running financial literacy programs among Non-Residential Nepalis to increase their investment in Nepal.</p>

<p>SEBON has made the use of Demat account mandatory for subscribers to apply for Initial Public Offering (IPO) issuances since July 16 in the Kathmandu valley and across the country from January 15 next year.</p>

<p>According to SEBON, more than 1,400 public companies have been registered with the Company Registration Office till date. But 1,255 companies have not issued their shares to the public.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5985',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '6200',
			'article_category_id' => '1',
			'title' => 'Underground Network of Electricity, Telephone in the Pipeline',
			'sub_title' => '',
			'summary' => 'Preparations are on track for the underground management of telephone, internet, electricity  and cable lines in the Kathmandu valley. ',
			'content' => '<p>July 13: Preparations are on track for the underground management of telephone, internet, electricity &nbsp;and cable lines in the Kathmandu valley. Nepal Telecommunications Authority (NTA) has decided to work together with Nepal Electricity Authority (NEA) to lay the underground network of wires. Sources claimed that the two state-run authorities have formed a coordination committee for the purpose.</p>

<p>According to NTA Deputy Spokesperson Achyutananda Mishra, discussions are positive and they are planning to sign an agreement for collaboration soon.</p>

<p>&ldquo;We have already corresponded with the Ministry of Information and Communications in this regard,&rdquo; he said, adding, &ldquo;We are likely to share the budget for the purpose.&rdquo;</p>

<p>Former Finance Minister Krishna Bahadur Mahara had recently unveiled the government&rsquo;s plan of underground electricity network during the budget announcement for the upcoming fiscal year. The government decided to form an underground network of electricity in some areas of Kathmandu valley to discourage electricity theft as well as to reduce accidents related to the unmanaged wiring. In line with the government&rsquo;s plan, NEA is preparing to lay the underground network of electricity in Ratnapark and Maharajgung areas of the capital.</p>

<p>Asian Development Bank has reportedly shown interest to provide a loan of Rs 5.5 billion for the project.</p>

<p>NEA Spokesperson Prabal Adhikari informed that they are moving ahead with the work as a pilot project.</p>

<p>&ldquo;We are planning to issue tender notice within a week and within a year, the transmission lines in Ratnapark and Maharajgunj will be underground,&rdquo; said Adhikari.</p>

<p>NEA plans to lay the underground network beneath the footpaths as per the international standard. Currently, telephone and cable lines are using the poles set up by the NEA for transmission. Adhikari confirmed that talks are underway for a joint underground network of electricity, telecom and cable lines.</p>

<p>&ldquo;The haphazard use of electricity poles for transmission of telephone and cable lines have not just posed risk of accident but has also become an eyesore. We have no option but to include them in the underground network as well,&rdquo; said Adhikari.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5984',
			'image' => '20170713010202_nea.jpg',
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 10 => array(
		'Article' => array(
			'id' => '6198',
			'article_category_id' => '1',
			'title' => 'Credit Crunch hits Real Estate Business ',
			'sub_title' => '',
			'summary' => 'Real estate business has hit a snag due to the restriction in loan imposed by banks and financial institutions (BFIs) citing credit crunch.',
			'content' => '<p>Jule 12: Real estate business has hit a snag due to the restriction in loan imposed by banks and financial institutions (BFIs) citing credit crunch. Construction of housings across the country has seen a slump since the last six months after the BFIs tightened the noose on lending due to lack of investible amount.</p>

<p>Statistics of the last six months maintained by the Department of Land Reform and Management show that the land revenue offices of the Kathmandu valley saw a sharp decline in revenue collection.</p>

<p>Revenue collection in the month of December-January was less by Rs 90 million as compared to the preceding month. Revenue collection dropped further by Rs 70 million in January-February. The downward spiral in revenue collection continued in February-March during which the land revenue offices collected Rs 150 million less than in January-February.</p>

<p>Revenue collection in March-April rose by Rs 40 million as compared to the preceding month. But the very next month, the total revenue collection saw a nosedive with a deficit of Rs 230 million. Revenue collection rose by Rs 110 million in May-June. &nbsp;</p>

<p>The overall graph of revenue collection in the last six months shows a downward curve. The total revenue collected in the first 11 months of the last fiscal year as compared to the first 11 months of the current fiscal year is less by Rs 80 million.</p>

<p>Chief of the Department of Land Reform and Management Sushil Prasad Acharya says that the buying and selling of land has decreased because of the reluctance of BFIs to loan out money.</p>

<p>Collection of registration charge in all four land revenue offices of the valley has decreased as compared to the last FY despite the offices increasing the valuation of land by 20 percent.</p>

<p>BFIs have already invested Rs 293.70 billion in the housing sector in the first 10 months of the current fiscal year. By the end of this fiscal year, the total investment in this sector is set to reach Rs 250.90 billion. The amount also includes Rs 10 million for personal housing loan, according to Nepal Rastra Bank.</p>
',
			'published' => true,
			'created' => '2017-07-12',
			'modified' => '2017-07-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5983',
			'image' => '20170712034308_data.jpg',
			'article_date' => '2017-07-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '6187',
			'article_category_id' => '1',
			'title' => 'Shipping Companies Start Delivering Goods at Nepal’s Doorstep',
			'sub_title' => '',
			'summary' => 'Shipping companies are having tough competition in delivering goods to Nepal from third countries. ',
			'content' => '<p>July 11: Shipping companies are having tough competition in delivering goods to Nepal from third countries. Due to the competition, the companies are eager to make their service more efficient. This is likely to reduce the transportation fare.</p>

<p>MSC Agency India Pvt Ltd has started delivering goods in containers right up to Birgunj Dry Port since July 1. Before this, the company used to deliver the containers carrying goods only till Kolkata&rsquo;s sea port.</p>

<p>&ldquo;This has reduced the fine the importers had been paying till now,&rdquo; says Rambabu Sah, an official of Himalayan Terminal Pvt Ltd that operates the Birgunj Dry Port.</p>

<p>Until now, all the shipping companies used to deliver goods only up to Kolkata. The goods can be kept there for 14 days. However, Nepali importers had been paying heavy fines for not being able to clear the goods on time. According to the importers, they had been paying Rs 2 billion fine annually.</p>

<p>Delivery of goods till Birgunj has become a huge respite for the Nepali importers, says immediate past president of Birgunj Chamber of Commerce, Pradeep Kumar Kedia.</p>

<p>Nepali importers have benefitted a lot from the competition among big shipping companies. Maerks Shipping Line has also started delivering containers till Birgunj. It has also increased the time period for unloading the containers. Both the companies have provided 21 days for the importers to clear the goods from their containers.</p>

<p>Rajesh Kafle, a local importer, says that the government should make arrangements for shipping companies to deliver containers till Birgunj. He argues that the consumers will ultimately benefit if the transportation cost gets slashed.</p>

<p>According to Sah, MSC charges up to Rs 3500 per container for delivering &nbsp;goods up to Birgunj. The charge also includes goods and service tax (GST).</p>

<p>Likewise, Maerks has been transporting goods from Indian port of Vishakhapatnam to Birgunj since one month. Normally, one train carries 90 containers but the company has announced to deliver the same amount of goods using just 50 to 60 containers.</p>

<p>It has been learnt that the Kolkata-based shipping companies have started providing efficient services after Nepali importers showed their interest to bring goods from Visakhapatnam.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-11',
			'modified' => '2017-07-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5982',
			'image' => null,
			'article_date' => '2017-07-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 12 => array(
		'Article' => array(
			'id' => '6199',
			'article_category_id' => '1',
			'title' => 'Margin Lending up by 4 Percent',
			'sub_title' => '',
			'summary' => 'Margin lending of banks and financial institutions (BFIs) has amounted to Rs 39.19 billion by the end of 11 months of current fiscal year 2016/17. ',
			'content' => '<p>July 12: Margin lending of banks and financial institutions (BFIs) has amounted to Rs 39.19 billion by the end of 11 months of current fiscal year 2016/17. According to statistics of Nepal Rastra Bank (NRB), the amount is two percent of the total loans of BFIs. NRB data shows that loans of BFIs have totaled Rs 1.967 trillion by the end of 11 months of current FY.</p>

<p>As per the central bank, there has been fluctuation in margin lending since mid-April and such loans have increased by four percent compared to corresponding period of last FY.</p>

<p>Although the margin lending has increased, the proportion of lending has remained almost the same. In the last FY, margin lending was 2.24 percent of the total loans of BFIs. During the last FY, BFIs had loaned out Rs 37.68 billion as margin lending out of the total lending of Rs 1.682 trillion.</p>

<p>The monetary policy unveiled by NRB on July 9 allows BFIs to release only 40 percent of loan by keeping shares as collateral. Earlier, BFIs could release loan equal to the share amount.</p>

<p>NRB&rsquo;s Research Department&rsquo;s Acting Director Nara Bahadur Thapa informed that the ceiling of margin lending had been reduced keeping in view the rise in paid-up capital of BFIs.</p>

<p>&ldquo;The paid-up capital has increased so the ceiling won&rsquo;t affect margin lending,&rdquo; said Thapa.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-12',
			'modified' => '2017-07-12',
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			'article_category_id' => '1',
			'title' => 'India’s Café Coffee Day now in Nepal',
			'sub_title' => '',
			'summary' => ' India’s renowned brand Café Coffee Day has opened its branch in Nepal. ',
			'content' => '<p>July 12: India&rsquo;s renowned brand Caf&eacute; Coffee Day has opened its branch in Nepal. It has started its service from its first outlet in Jawlakhel, Lalitpur. Indian ambassador to Nepal Manjeev Singh Puri and Miss Nepal Nitika Chandak jointly inaugurated the care on July 11.&nbsp;</p>
',
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			'created' => '2017-07-12',
			'modified' => '2017-07-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5980',
			'image' => '20170712015724_cafe.jpg',
			'article_date' => '2017-07-12 00:00:00',
			'homepage' => false,
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			'id' => '6196',
			'article_category_id' => '1',
			'title' => 'Dabur Nepal Celebrates Silver Jubilee',
			'sub_title' => '',
			'summary' => 'Multinational company Dabur Nepal has celebrated its silver jubilee in Nepal. ',
			'content' => '<p>July 12: Multinational company Dabur Nepal has celebrated its silver jubilee in Nepal. Established in 1989 AD, the company has been in operation since the last 15 years. It started commercial production only from 1992 AD. The company has established as the largest producer of aayurvedic and natural health products, the company said in a statement. The company, which dealt transaction worth Rs 5.3 million in its first year now has an annual transaction worth Rs 10 billion. The company has employed 1000 people while it gives indirect employment to around 20,000 people. The company has been producing Real Juice, Dabur Chawanprash, toothpaste, amla hair oil, honey, glucose-D, gulabari, odonil, among other products.</p>

<p>Prime Minister Sher Bahadur Deuba, Indian ambassador to Nepal Manjeev Singh Puri, Dabur India&rsquo;s Chairman Anand Burman, CEO Sunil Duggal and General Manager Rukma Shumsher Rana were present during the silver jubilee of the company.&nbsp;</p>
',
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			'sortorder' => '5979',
			'image' => '20170712015559_dabur.jpg',
			'article_date' => '2017-07-12 00:00:00',
			'homepage' => false,
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include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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$articles = array(
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		'Article' => array(
			'id' => '6209',
			'article_category_id' => '1',
			'title' => 'Favourable Environment Needed to Attract Investments in Large Projects: NCC',
			'sub_title' => '',
			'summary' => 'Nepal Chamber of Commerce (NCC) has drawn the attention of the government to maintain equidistant diplomatic relations with two neighbors India and China.',
			'content' => '<p>July 13:&nbsp;&nbsp; Nepal Chamber of Commerce (NCC) has drawn the attention of the government to maintain equidistant diplomatic relations with two neighbors India and China.</p>

<p>&nbsp;A delegation of the NCC on Wednesday met with Deputy Prime Minister and Foreign Minister Krishna Bahadur Mahara and requested the government to create favorable environment to attract investment in large projects from India and China.</p>

<p>&nbsp;The team led by NCC President Rajesh Kaji Shrestha said Nepal should utilize SAFTA, BIMSTEC and BBIN for attaining economic prosperity. The delegation also said that Nepal should remain neutral by not taking sides of any of the two neighbours.</p>

<p>Foreign Minister Mahara also said Nepal was in favor of taking benefit from both the neighbors, adding that he has already visited China for this purpose and will take initiative towards making SAFTA, BIMSTEC and BBIN more dynamic during his visit to India.</p>

<p>&nbsp;On the occasion, DPM Mahara said Nepal has a strategy of mobilizing Nepali missions abroad for economic development of the country.</p>

<p>&nbsp;Present in the delegation were NCC Senior Vice Chairman Lokmanya Golchha, First Vice Chairman Gyanendra Ratna Tuladhar and Second Vice Chairman Rajendra Malla and NCC working committee members, among others.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5993',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
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			'id' => '6208',
			'article_category_id' => '1',
			'title' => 'Tuborg Classic now Available in Itahari',
			'sub_title' => '',
			'summary' => 'After the successful launch of Tuborg Classic with Scotch Malts in Kathmandu, Pokhara, Narayangadh and Janakpur, Gorkha Brewry has launched the strong beer in Itahari.',
			'content' => '<p>July 13: After the successful launch of Tuborg Classic with Scotch Malts in Kathmandu, Pokhara, Narayangadh and Janakpur, Gorkha Brewry has launched the strong beer in Itahari.</p>

<p>Gorkha Brewry launched the beer amidst a function held at Hotel Itahari on July 12.</p>

<p>&ldquo;Our objective is to give our valued customers choices of world-class tastes,&rdquo; said Arun Adhikari, Managing Director of Gorkha Brewry, adding, &ldquo; We have prepared a special recipe in collaboration with friends from Carlsberg Group. This will give the Nepali consumers choice of best beers at their disposal.&rdquo;</p>

<p>Shedding light on the new product, Adhikari said that Tuborg Classic is a strong beer having one of the best tastes. He claimed that the beer prepared with premium scotch malts and selected herbs will give the new generation of Nepali beer lovers a different premium taste. &nbsp;</p>

<p>The beer with tagline &lsquo;strong and smoother&rsquo; has 6.5 percent of alcohol content. The price of 650 ml bottle of the beer is Rs 310 in the market.</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5992',
			'image' => '20170713040653_tuborgajit.jpg',
			'article_date' => '2017-07-13 00:00:00',
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			'id' => '6201',
			'article_category_id' => '1',
			'title' => 'Banks to Remain Open this Saturday',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank has instructed all the banks and financial institutions (BFIs) to remain open this Saturday.',
			'content' => '<p>July 13: Nepal Rastra Bank has instructed all the banks and financial institutions (BFIs) to remain open this Saturday. The central bank issued such circular as it is the last day of the current fiscal year. NRB took such decision to ease revenue collection. It is mandatory for all BFIs to close their accounts at the end of each fiscal year. As per the instructions of the Financial Comptroller General&rsquo;s Office, arrangements have been made for revenue collection through IPS till 4 pm on July 15. Besides that, the central bank will accept cheques related to revenue and settle all arrears on the same day.</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5991',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
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			'id' => '6207',
			'article_category_id' => '1',
			'title' => 'Hamro Bikas opens branch at Ranipauwa',
			'sub_title' => '',
			'summary' => 'Hamro Bikas Bank has opened a new branch at Ranipauwa of Nuwakot district.',
			'content' => '<p>July 13: Hamro Bikas Bank has opened a new branch at Ranipauwa of Nuwakot district. Chinta Mani Shiwakoti, deputy governor Nepal Rastra Bank, inaugurated the branch amid a program on July 10. Extending his best wishes to the bank for opening the branch in rural area, Shiwakoti claimed it will benefit the public to undertake banking transactions. The bank is providing banking services through five branches and one extension counter at Nuwakot.</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5990',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '6206',
			'article_category_id' => '1',
			'title' => 'NIBL acquires Ace',
			'sub_title' => '',
			'summary' => 'Nepal Investment Bank Limited has started integrated transaction service from July 13 after acquiring ACE Development Bank. ',
			'content' => '<p>July 13: Nepal Investment Bank Limited has started integrated transaction service from July 13 after acquiring ACE Development Bank. After acquiring ACE on the swap ratio of 100:41, the paid-up capital of NIBL has reached Rs 9.24 billion. Similarly, the bank&rsquo;s deposits have totaled Rs 124 billion while its extension of loans has reached to Rs 107 billion.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5989',
			'image' => '20170713033417_NIBL.jpg',
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6205',
			'article_category_id' => '1',
			'title' => 'Nabil establishes 100th ATM',
			'sub_title' => '',
			'summary' => 'Nabil Bank has opened four additional ATM outlets at various locations.',
			'content' => '<p>July 13: Nabil Bank has opened four additional ATM outlets at various locations. With the addition, the bank now has a total of 100 ATM outlets which includes 54 branches inside the Kathmandu valley and 46 branches outside the valley. VISA card, Master card, Union Pay international card and SCT card holders can withdraw money and enjoy various other services from all the ATM outlets.&nbsp;</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5988',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6204',
			'article_category_id' => '1',
			'title' => 'Lumbini Opens Branch at Chandrawati',
			'sub_title' => '',
			'summary' => 'Lumbini Bikas Bank has opened its branch at Bhanu Munucipality-13 of Chandrawati, in Tanahun district. ',
			'content' => '<p>July 13: Lumbini Bikas Bank has opened its branch at Bhanu Munucipality-13 of Chandrawati, in Tanahun district. Rajendra Pandit, director of Nepal Rastra Bank, inaugurated the branch amid a program held on July 12. It is the 50<sup>th</sup> branch of the bank. Jhalak Prasad Khanal, CEO of the bank, said that the branch has been opened with the objective of providing loan to agriculture sector and small businesses.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5987',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
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			'id' => '6203',
			'article_category_id' => '1',
			'title' => 'Remittance Agreement between Ramro Remit and Kumari',
			'sub_title' => '',
			'summary' => 'Kumari Bank has finalized remittance agreement with Ramro Remit.',
			'content' => '<p>July 13: Kumari Bank has finalized remittance agreement with Ramro Remit. Rajesh Shrestha, chief marketing officer of Kumari Bank, and CEO of Ramro Remit Rameshwor Shrestha signed the agreement to this effect. With the agreement, money transferred through Ramro Remit from around the world can be collected from any branch of Kumari Bank.</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5986',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '6202',
			'article_category_id' => '1',
			'title' => 'SEBON to Encourage Companies to Enter Capital Market',
			'sub_title' => '',
			'summary' => 'Securities Board of Nepal (SEBON) has said it will encourage production-based companies to enter the capital market. ',
			'content' => '<p>July 13: Securities Board of Nepal (SEBON) has said it will encourage production-based companies to enter the capital market. SEBON decided to give priority to this issue after the government included this sector in its Policy and Program as well as in the budget for the fiscal year 2017/18.</p>

<p>SEBON made such announcement during a program organized to review the current FY 2016/17 and to chart a plan for the upcoming FY 2017/18.</p>

<p>During the program, discussions were held regarding the policy level and institutional development of the capital market among the concerned stakeholders.&nbsp; Speakers opined that the board should take special initiative to make the stock market more transparent and fully autonomous.</p>

<p>SEBON said that it is quite challenging to implement all the issues related to the capital market that have been incorporated in the budget.</p>

<p>SEBON Executive Director Paristha Poudyal said that although the Securities Registration and Issue Regulations 2073 has provisions for incentives, the reality is something different. He said that it is quite challenging for any company to enter the capital market. Paudyal further informed that board has found it equally challenging to make the secondary stock market more competitive and expand it across the country due to lack of effective regulation and supervision.</p>

<p>He also said that SEBON is running financial literacy programs among Non-Residential Nepalis to increase their investment in Nepal.</p>

<p>SEBON has made the use of Demat account mandatory for subscribers to apply for Initial Public Offering (IPO) issuances since July 16 in the Kathmandu valley and across the country from January 15 next year.</p>

<p>According to SEBON, more than 1,400 public companies have been registered with the Company Registration Office till date. But 1,255 companies have not issued their shares to the public.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5985',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 9 => array(
		'Article' => array(
			'id' => '6200',
			'article_category_id' => '1',
			'title' => 'Underground Network of Electricity, Telephone in the Pipeline',
			'sub_title' => '',
			'summary' => 'Preparations are on track for the underground management of telephone, internet, electricity  and cable lines in the Kathmandu valley. ',
			'content' => '<p>July 13: Preparations are on track for the underground management of telephone, internet, electricity &nbsp;and cable lines in the Kathmandu valley. Nepal Telecommunications Authority (NTA) has decided to work together with Nepal Electricity Authority (NEA) to lay the underground network of wires. Sources claimed that the two state-run authorities have formed a coordination committee for the purpose.</p>

<p>According to NTA Deputy Spokesperson Achyutananda Mishra, discussions are positive and they are planning to sign an agreement for collaboration soon.</p>

<p>&ldquo;We have already corresponded with the Ministry of Information and Communications in this regard,&rdquo; he said, adding, &ldquo;We are likely to share the budget for the purpose.&rdquo;</p>

<p>Former Finance Minister Krishna Bahadur Mahara had recently unveiled the government&rsquo;s plan of underground electricity network during the budget announcement for the upcoming fiscal year. The government decided to form an underground network of electricity in some areas of Kathmandu valley to discourage electricity theft as well as to reduce accidents related to the unmanaged wiring. In line with the government&rsquo;s plan, NEA is preparing to lay the underground network of electricity in Ratnapark and Maharajgung areas of the capital.</p>

<p>Asian Development Bank has reportedly shown interest to provide a loan of Rs 5.5 billion for the project.</p>

<p>NEA Spokesperson Prabal Adhikari informed that they are moving ahead with the work as a pilot project.</p>

<p>&ldquo;We are planning to issue tender notice within a week and within a year, the transmission lines in Ratnapark and Maharajgunj will be underground,&rdquo; said Adhikari.</p>

<p>NEA plans to lay the underground network beneath the footpaths as per the international standard. Currently, telephone and cable lines are using the poles set up by the NEA for transmission. Adhikari confirmed that talks are underway for a joint underground network of electricity, telecom and cable lines.</p>

<p>&ldquo;The haphazard use of electricity poles for transmission of telephone and cable lines have not just posed risk of accident but has also become an eyesore. We have no option but to include them in the underground network as well,&rdquo; said Adhikari.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5984',
			'image' => '20170713010202_nea.jpg',
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '6198',
			'article_category_id' => '1',
			'title' => 'Credit Crunch hits Real Estate Business ',
			'sub_title' => '',
			'summary' => 'Real estate business has hit a snag due to the restriction in loan imposed by banks and financial institutions (BFIs) citing credit crunch.',
			'content' => '<p>Jule 12: Real estate business has hit a snag due to the restriction in loan imposed by banks and financial institutions (BFIs) citing credit crunch. Construction of housings across the country has seen a slump since the last six months after the BFIs tightened the noose on lending due to lack of investible amount.</p>

<p>Statistics of the last six months maintained by the Department of Land Reform and Management show that the land revenue offices of the Kathmandu valley saw a sharp decline in revenue collection.</p>

<p>Revenue collection in the month of December-January was less by Rs 90 million as compared to the preceding month. Revenue collection dropped further by Rs 70 million in January-February. The downward spiral in revenue collection continued in February-March during which the land revenue offices collected Rs 150 million less than in January-February.</p>

<p>Revenue collection in March-April rose by Rs 40 million as compared to the preceding month. But the very next month, the total revenue collection saw a nosedive with a deficit of Rs 230 million. Revenue collection rose by Rs 110 million in May-June. &nbsp;</p>

<p>The overall graph of revenue collection in the last six months shows a downward curve. The total revenue collected in the first 11 months of the last fiscal year as compared to the first 11 months of the current fiscal year is less by Rs 80 million.</p>

<p>Chief of the Department of Land Reform and Management Sushil Prasad Acharya says that the buying and selling of land has decreased because of the reluctance of BFIs to loan out money.</p>

<p>Collection of registration charge in all four land revenue offices of the valley has decreased as compared to the last FY despite the offices increasing the valuation of land by 20 percent.</p>

<p>BFIs have already invested Rs 293.70 billion in the housing sector in the first 10 months of the current fiscal year. By the end of this fiscal year, the total investment in this sector is set to reach Rs 250.90 billion. The amount also includes Rs 10 million for personal housing loan, according to Nepal Rastra Bank.</p>
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		'Article' => array(
			'id' => '6187',
			'article_category_id' => '1',
			'title' => 'Shipping Companies Start Delivering Goods at Nepal’s Doorstep',
			'sub_title' => '',
			'summary' => 'Shipping companies are having tough competition in delivering goods to Nepal from third countries. ',
			'content' => '<p>July 11: Shipping companies are having tough competition in delivering goods to Nepal from third countries. Due to the competition, the companies are eager to make their service more efficient. This is likely to reduce the transportation fare.</p>

<p>MSC Agency India Pvt Ltd has started delivering goods in containers right up to Birgunj Dry Port since July 1. Before this, the company used to deliver the containers carrying goods only till Kolkata&rsquo;s sea port.</p>

<p>&ldquo;This has reduced the fine the importers had been paying till now,&rdquo; says Rambabu Sah, an official of Himalayan Terminal Pvt Ltd that operates the Birgunj Dry Port.</p>

<p>Until now, all the shipping companies used to deliver goods only up to Kolkata. The goods can be kept there for 14 days. However, Nepali importers had been paying heavy fines for not being able to clear the goods on time. According to the importers, they had been paying Rs 2 billion fine annually.</p>

<p>Delivery of goods till Birgunj has become a huge respite for the Nepali importers, says immediate past president of Birgunj Chamber of Commerce, Pradeep Kumar Kedia.</p>

<p>Nepali importers have benefitted a lot from the competition among big shipping companies. Maerks Shipping Line has also started delivering containers till Birgunj. It has also increased the time period for unloading the containers. Both the companies have provided 21 days for the importers to clear the goods from their containers.</p>

<p>Rajesh Kafle, a local importer, says that the government should make arrangements for shipping companies to deliver containers till Birgunj. He argues that the consumers will ultimately benefit if the transportation cost gets slashed.</p>

<p>According to Sah, MSC charges up to Rs 3500 per container for delivering &nbsp;goods up to Birgunj. The charge also includes goods and service tax (GST).</p>

<p>Likewise, Maerks has been transporting goods from Indian port of Vishakhapatnam to Birgunj since one month. Normally, one train carries 90 containers but the company has announced to deliver the same amount of goods using just 50 to 60 containers.</p>

<p>It has been learnt that the Kolkata-based shipping companies have started providing efficient services after Nepali importers showed their interest to bring goods from Visakhapatnam.&nbsp;</p>
',
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			'created' => '2017-07-11',
			'modified' => '2017-07-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5982',
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			'article_date' => '2017-07-11 00:00:00',
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			'id' => '6199',
			'article_category_id' => '1',
			'title' => 'Margin Lending up by 4 Percent',
			'sub_title' => '',
			'summary' => 'Margin lending of banks and financial institutions (BFIs) has amounted to Rs 39.19 billion by the end of 11 months of current fiscal year 2016/17. ',
			'content' => '<p>July 12: Margin lending of banks and financial institutions (BFIs) has amounted to Rs 39.19 billion by the end of 11 months of current fiscal year 2016/17. According to statistics of Nepal Rastra Bank (NRB), the amount is two percent of the total loans of BFIs. NRB data shows that loans of BFIs have totaled Rs 1.967 trillion by the end of 11 months of current FY.</p>

<p>As per the central bank, there has been fluctuation in margin lending since mid-April and such loans have increased by four percent compared to corresponding period of last FY.</p>

<p>Although the margin lending has increased, the proportion of lending has remained almost the same. In the last FY, margin lending was 2.24 percent of the total loans of BFIs. During the last FY, BFIs had loaned out Rs 37.68 billion as margin lending out of the total lending of Rs 1.682 trillion.</p>

<p>The monetary policy unveiled by NRB on July 9 allows BFIs to release only 40 percent of loan by keeping shares as collateral. Earlier, BFIs could release loan equal to the share amount.</p>

<p>NRB&rsquo;s Research Department&rsquo;s Acting Director Nara Bahadur Thapa informed that the ceiling of margin lending had been reduced keeping in view the rise in paid-up capital of BFIs.</p>

<p>&ldquo;The paid-up capital has increased so the ceiling won&rsquo;t affect margin lending,&rdquo; said Thapa.&nbsp;</p>
',
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			'created' => '2017-07-12',
			'modified' => '2017-07-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5981',
			'image' => null,
			'article_date' => '2017-07-12 00:00:00',
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			'id' => '6197',
			'article_category_id' => '1',
			'title' => 'India’s Café Coffee Day now in Nepal',
			'sub_title' => '',
			'summary' => ' India’s renowned brand Café Coffee Day has opened its branch in Nepal. ',
			'content' => '<p>July 12: India&rsquo;s renowned brand Caf&eacute; Coffee Day has opened its branch in Nepal. It has started its service from its first outlet in Jawlakhel, Lalitpur. Indian ambassador to Nepal Manjeev Singh Puri and Miss Nepal Nitika Chandak jointly inaugurated the care on July 11.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-12',
			'modified' => '2017-07-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5980',
			'image' => '20170712015724_cafe.jpg',
			'article_date' => '2017-07-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '6196',
			'article_category_id' => '1',
			'title' => 'Dabur Nepal Celebrates Silver Jubilee',
			'sub_title' => '',
			'summary' => 'Multinational company Dabur Nepal has celebrated its silver jubilee in Nepal. ',
			'content' => '<p>July 12: Multinational company Dabur Nepal has celebrated its silver jubilee in Nepal. Established in 1989 AD, the company has been in operation since the last 15 years. It started commercial production only from 1992 AD. The company has established as the largest producer of aayurvedic and natural health products, the company said in a statement. The company, which dealt transaction worth Rs 5.3 million in its first year now has an annual transaction worth Rs 10 billion. The company has employed 1000 people while it gives indirect employment to around 20,000 people. The company has been producing Real Juice, Dabur Chawanprash, toothpaste, amla hair oil, honey, glucose-D, gulabari, odonil, among other products.</p>

<p>Prime Minister Sher Bahadur Deuba, Indian ambassador to Nepal Manjeev Singh Puri, Dabur India&rsquo;s Chairman Anand Burman, CEO Sunil Duggal and General Manager Rukma Shumsher Rana were present during the silver jubilee of the company.&nbsp;</p>
',
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			'sortorder' => '5979',
			'image' => '20170712015559_dabur.jpg',
			'article_date' => '2017-07-12 00:00:00',
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

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



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
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$articles = array(
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		'Article' => array(
			'id' => '6209',
			'article_category_id' => '1',
			'title' => 'Favourable Environment Needed to Attract Investments in Large Projects: NCC',
			'sub_title' => '',
			'summary' => 'Nepal Chamber of Commerce (NCC) has drawn the attention of the government to maintain equidistant diplomatic relations with two neighbors India and China.',
			'content' => '<p>July 13:&nbsp;&nbsp; Nepal Chamber of Commerce (NCC) has drawn the attention of the government to maintain equidistant diplomatic relations with two neighbors India and China.</p>

<p>&nbsp;A delegation of the NCC on Wednesday met with Deputy Prime Minister and Foreign Minister Krishna Bahadur Mahara and requested the government to create favorable environment to attract investment in large projects from India and China.</p>

<p>&nbsp;The team led by NCC President Rajesh Kaji Shrestha said Nepal should utilize SAFTA, BIMSTEC and BBIN for attaining economic prosperity. The delegation also said that Nepal should remain neutral by not taking sides of any of the two neighbours.</p>

<p>Foreign Minister Mahara also said Nepal was in favor of taking benefit from both the neighbors, adding that he has already visited China for this purpose and will take initiative towards making SAFTA, BIMSTEC and BBIN more dynamic during his visit to India.</p>

<p>&nbsp;On the occasion, DPM Mahara said Nepal has a strategy of mobilizing Nepali missions abroad for economic development of the country.</p>

<p>&nbsp;Present in the delegation were NCC Senior Vice Chairman Lokmanya Golchha, First Vice Chairman Gyanendra Ratna Tuladhar and Second Vice Chairman Rajendra Malla and NCC working committee members, among others.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5993',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
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		'Article' => array(
			'id' => '6208',
			'article_category_id' => '1',
			'title' => 'Tuborg Classic now Available in Itahari',
			'sub_title' => '',
			'summary' => 'After the successful launch of Tuborg Classic with Scotch Malts in Kathmandu, Pokhara, Narayangadh and Janakpur, Gorkha Brewry has launched the strong beer in Itahari.',
			'content' => '<p>July 13: After the successful launch of Tuborg Classic with Scotch Malts in Kathmandu, Pokhara, Narayangadh and Janakpur, Gorkha Brewry has launched the strong beer in Itahari.</p>

<p>Gorkha Brewry launched the beer amidst a function held at Hotel Itahari on July 12.</p>

<p>&ldquo;Our objective is to give our valued customers choices of world-class tastes,&rdquo; said Arun Adhikari, Managing Director of Gorkha Brewry, adding, &ldquo; We have prepared a special recipe in collaboration with friends from Carlsberg Group. This will give the Nepali consumers choice of best beers at their disposal.&rdquo;</p>

<p>Shedding light on the new product, Adhikari said that Tuborg Classic is a strong beer having one of the best tastes. He claimed that the beer prepared with premium scotch malts and selected herbs will give the new generation of Nepali beer lovers a different premium taste. &nbsp;</p>

<p>The beer with tagline &lsquo;strong and smoother&rsquo; has 6.5 percent of alcohol content. The price of 650 ml bottle of the beer is Rs 310 in the market.</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5992',
			'image' => '20170713040653_tuborgajit.jpg',
			'article_date' => '2017-07-13 00:00:00',
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			'id' => '6201',
			'article_category_id' => '1',
			'title' => 'Banks to Remain Open this Saturday',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank has instructed all the banks and financial institutions (BFIs) to remain open this Saturday.',
			'content' => '<p>July 13: Nepal Rastra Bank has instructed all the banks and financial institutions (BFIs) to remain open this Saturday. The central bank issued such circular as it is the last day of the current fiscal year. NRB took such decision to ease revenue collection. It is mandatory for all BFIs to close their accounts at the end of each fiscal year. As per the instructions of the Financial Comptroller General&rsquo;s Office, arrangements have been made for revenue collection through IPS till 4 pm on July 15. Besides that, the central bank will accept cheques related to revenue and settle all arrears on the same day.</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5991',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 3 => array(
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			'id' => '6207',
			'article_category_id' => '1',
			'title' => 'Hamro Bikas opens branch at Ranipauwa',
			'sub_title' => '',
			'summary' => 'Hamro Bikas Bank has opened a new branch at Ranipauwa of Nuwakot district.',
			'content' => '<p>July 13: Hamro Bikas Bank has opened a new branch at Ranipauwa of Nuwakot district. Chinta Mani Shiwakoti, deputy governor Nepal Rastra Bank, inaugurated the branch amid a program on July 10. Extending his best wishes to the bank for opening the branch in rural area, Shiwakoti claimed it will benefit the public to undertake banking transactions. The bank is providing banking services through five branches and one extension counter at Nuwakot.</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5990',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '6206',
			'article_category_id' => '1',
			'title' => 'NIBL acquires Ace',
			'sub_title' => '',
			'summary' => 'Nepal Investment Bank Limited has started integrated transaction service from July 13 after acquiring ACE Development Bank. ',
			'content' => '<p>July 13: Nepal Investment Bank Limited has started integrated transaction service from July 13 after acquiring ACE Development Bank. After acquiring ACE on the swap ratio of 100:41, the paid-up capital of NIBL has reached Rs 9.24 billion. Similarly, the bank&rsquo;s deposits have totaled Rs 124 billion while its extension of loans has reached to Rs 107 billion.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5989',
			'image' => '20170713033417_NIBL.jpg',
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '6205',
			'article_category_id' => '1',
			'title' => 'Nabil establishes 100th ATM',
			'sub_title' => '',
			'summary' => 'Nabil Bank has opened four additional ATM outlets at various locations.',
			'content' => '<p>July 13: Nabil Bank has opened four additional ATM outlets at various locations. With the addition, the bank now has a total of 100 ATM outlets which includes 54 branches inside the Kathmandu valley and 46 branches outside the valley. VISA card, Master card, Union Pay international card and SCT card holders can withdraw money and enjoy various other services from all the ATM outlets.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5988',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 6 => array(
		'Article' => array(
			'id' => '6204',
			'article_category_id' => '1',
			'title' => 'Lumbini Opens Branch at Chandrawati',
			'sub_title' => '',
			'summary' => 'Lumbini Bikas Bank has opened its branch at Bhanu Munucipality-13 of Chandrawati, in Tanahun district. ',
			'content' => '<p>July 13: Lumbini Bikas Bank has opened its branch at Bhanu Munucipality-13 of Chandrawati, in Tanahun district. Rajendra Pandit, director of Nepal Rastra Bank, inaugurated the branch amid a program held on July 12. It is the 50<sup>th</sup> branch of the bank. Jhalak Prasad Khanal, CEO of the bank, said that the branch has been opened with the objective of providing loan to agriculture sector and small businesses.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5987',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
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			'id' => '6203',
			'article_category_id' => '1',
			'title' => 'Remittance Agreement between Ramro Remit and Kumari',
			'sub_title' => '',
			'summary' => 'Kumari Bank has finalized remittance agreement with Ramro Remit.',
			'content' => '<p>July 13: Kumari Bank has finalized remittance agreement with Ramro Remit. Rajesh Shrestha, chief marketing officer of Kumari Bank, and CEO of Ramro Remit Rameshwor Shrestha signed the agreement to this effect. With the agreement, money transferred through Ramro Remit from around the world can be collected from any branch of Kumari Bank.</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5986',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '6202',
			'article_category_id' => '1',
			'title' => 'SEBON to Encourage Companies to Enter Capital Market',
			'sub_title' => '',
			'summary' => 'Securities Board of Nepal (SEBON) has said it will encourage production-based companies to enter the capital market. ',
			'content' => '<p>July 13: Securities Board of Nepal (SEBON) has said it will encourage production-based companies to enter the capital market. SEBON decided to give priority to this issue after the government included this sector in its Policy and Program as well as in the budget for the fiscal year 2017/18.</p>

<p>SEBON made such announcement during a program organized to review the current FY 2016/17 and to chart a plan for the upcoming FY 2017/18.</p>

<p>During the program, discussions were held regarding the policy level and institutional development of the capital market among the concerned stakeholders.&nbsp; Speakers opined that the board should take special initiative to make the stock market more transparent and fully autonomous.</p>

<p>SEBON said that it is quite challenging to implement all the issues related to the capital market that have been incorporated in the budget.</p>

<p>SEBON Executive Director Paristha Poudyal said that although the Securities Registration and Issue Regulations 2073 has provisions for incentives, the reality is something different. He said that it is quite challenging for any company to enter the capital market. Paudyal further informed that board has found it equally challenging to make the secondary stock market more competitive and expand it across the country due to lack of effective regulation and supervision.</p>

<p>He also said that SEBON is running financial literacy programs among Non-Residential Nepalis to increase their investment in Nepal.</p>

<p>SEBON has made the use of Demat account mandatory for subscribers to apply for Initial Public Offering (IPO) issuances since July 16 in the Kathmandu valley and across the country from January 15 next year.</p>

<p>According to SEBON, more than 1,400 public companies have been registered with the Company Registration Office till date. But 1,255 companies have not issued their shares to the public.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5985',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '6200',
			'article_category_id' => '1',
			'title' => 'Underground Network of Electricity, Telephone in the Pipeline',
			'sub_title' => '',
			'summary' => 'Preparations are on track for the underground management of telephone, internet, electricity  and cable lines in the Kathmandu valley. ',
			'content' => '<p>July 13: Preparations are on track for the underground management of telephone, internet, electricity &nbsp;and cable lines in the Kathmandu valley. Nepal Telecommunications Authority (NTA) has decided to work together with Nepal Electricity Authority (NEA) to lay the underground network of wires. Sources claimed that the two state-run authorities have formed a coordination committee for the purpose.</p>

<p>According to NTA Deputy Spokesperson Achyutananda Mishra, discussions are positive and they are planning to sign an agreement for collaboration soon.</p>

<p>&ldquo;We have already corresponded with the Ministry of Information and Communications in this regard,&rdquo; he said, adding, &ldquo;We are likely to share the budget for the purpose.&rdquo;</p>

<p>Former Finance Minister Krishna Bahadur Mahara had recently unveiled the government&rsquo;s plan of underground electricity network during the budget announcement for the upcoming fiscal year. The government decided to form an underground network of electricity in some areas of Kathmandu valley to discourage electricity theft as well as to reduce accidents related to the unmanaged wiring. In line with the government&rsquo;s plan, NEA is preparing to lay the underground network of electricity in Ratnapark and Maharajgung areas of the capital.</p>

<p>Asian Development Bank has reportedly shown interest to provide a loan of Rs 5.5 billion for the project.</p>

<p>NEA Spokesperson Prabal Adhikari informed that they are moving ahead with the work as a pilot project.</p>

<p>&ldquo;We are planning to issue tender notice within a week and within a year, the transmission lines in Ratnapark and Maharajgunj will be underground,&rdquo; said Adhikari.</p>

<p>NEA plans to lay the underground network beneath the footpaths as per the international standard. Currently, telephone and cable lines are using the poles set up by the NEA for transmission. Adhikari confirmed that talks are underway for a joint underground network of electricity, telecom and cable lines.</p>

<p>&ldquo;The haphazard use of electricity poles for transmission of telephone and cable lines have not just posed risk of accident but has also become an eyesore. We have no option but to include them in the underground network as well,&rdquo; said Adhikari.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5984',
			'image' => '20170713010202_nea.jpg',
			'article_date' => '2017-07-13 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '6198',
			'article_category_id' => '1',
			'title' => 'Credit Crunch hits Real Estate Business ',
			'sub_title' => '',
			'summary' => 'Real estate business has hit a snag due to the restriction in loan imposed by banks and financial institutions (BFIs) citing credit crunch.',
			'content' => '<p>Jule 12: Real estate business has hit a snag due to the restriction in loan imposed by banks and financial institutions (BFIs) citing credit crunch. Construction of housings across the country has seen a slump since the last six months after the BFIs tightened the noose on lending due to lack of investible amount.</p>

<p>Statistics of the last six months maintained by the Department of Land Reform and Management show that the land revenue offices of the Kathmandu valley saw a sharp decline in revenue collection.</p>

<p>Revenue collection in the month of December-January was less by Rs 90 million as compared to the preceding month. Revenue collection dropped further by Rs 70 million in January-February. The downward spiral in revenue collection continued in February-March during which the land revenue offices collected Rs 150 million less than in January-February.</p>

<p>Revenue collection in March-April rose by Rs 40 million as compared to the preceding month. But the very next month, the total revenue collection saw a nosedive with a deficit of Rs 230 million. Revenue collection rose by Rs 110 million in May-June. &nbsp;</p>

<p>The overall graph of revenue collection in the last six months shows a downward curve. The total revenue collected in the first 11 months of the last fiscal year as compared to the first 11 months of the current fiscal year is less by Rs 80 million.</p>

<p>Chief of the Department of Land Reform and Management Sushil Prasad Acharya says that the buying and selling of land has decreased because of the reluctance of BFIs to loan out money.</p>

<p>Collection of registration charge in all four land revenue offices of the valley has decreased as compared to the last FY despite the offices increasing the valuation of land by 20 percent.</p>

<p>BFIs have already invested Rs 293.70 billion in the housing sector in the first 10 months of the current fiscal year. By the end of this fiscal year, the total investment in this sector is set to reach Rs 250.90 billion. The amount also includes Rs 10 million for personal housing loan, according to Nepal Rastra Bank.</p>
',
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			'created' => '2017-07-12',
			'modified' => '2017-07-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5983',
			'image' => '20170712034308_data.jpg',
			'article_date' => '2017-07-12 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '6187',
			'article_category_id' => '1',
			'title' => 'Shipping Companies Start Delivering Goods at Nepal’s Doorstep',
			'sub_title' => '',
			'summary' => 'Shipping companies are having tough competition in delivering goods to Nepal from third countries. ',
			'content' => '<p>July 11: Shipping companies are having tough competition in delivering goods to Nepal from third countries. Due to the competition, the companies are eager to make their service more efficient. This is likely to reduce the transportation fare.</p>

<p>MSC Agency India Pvt Ltd has started delivering goods in containers right up to Birgunj Dry Port since July 1. Before this, the company used to deliver the containers carrying goods only till Kolkata&rsquo;s sea port.</p>

<p>&ldquo;This has reduced the fine the importers had been paying till now,&rdquo; says Rambabu Sah, an official of Himalayan Terminal Pvt Ltd that operates the Birgunj Dry Port.</p>

<p>Until now, all the shipping companies used to deliver goods only up to Kolkata. The goods can be kept there for 14 days. However, Nepali importers had been paying heavy fines for not being able to clear the goods on time. According to the importers, they had been paying Rs 2 billion fine annually.</p>

<p>Delivery of goods till Birgunj has become a huge respite for the Nepali importers, says immediate past president of Birgunj Chamber of Commerce, Pradeep Kumar Kedia.</p>

<p>Nepali importers have benefitted a lot from the competition among big shipping companies. Maerks Shipping Line has also started delivering containers till Birgunj. It has also increased the time period for unloading the containers. Both the companies have provided 21 days for the importers to clear the goods from their containers.</p>

<p>Rajesh Kafle, a local importer, says that the government should make arrangements for shipping companies to deliver containers till Birgunj. He argues that the consumers will ultimately benefit if the transportation cost gets slashed.</p>

<p>According to Sah, MSC charges up to Rs 3500 per container for delivering &nbsp;goods up to Birgunj. The charge also includes goods and service tax (GST).</p>

<p>Likewise, Maerks has been transporting goods from Indian port of Vishakhapatnam to Birgunj since one month. Normally, one train carries 90 containers but the company has announced to deliver the same amount of goods using just 50 to 60 containers.</p>

<p>It has been learnt that the Kolkata-based shipping companies have started providing efficient services after Nepali importers showed their interest to bring goods from Visakhapatnam.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-11',
			'modified' => '2017-07-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5982',
			'image' => null,
			'article_date' => '2017-07-11 00:00:00',
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		'Article' => array(
			'id' => '6199',
			'article_category_id' => '1',
			'title' => 'Margin Lending up by 4 Percent',
			'sub_title' => '',
			'summary' => 'Margin lending of banks and financial institutions (BFIs) has amounted to Rs 39.19 billion by the end of 11 months of current fiscal year 2016/17. ',
			'content' => '<p>July 12: Margin lending of banks and financial institutions (BFIs) has amounted to Rs 39.19 billion by the end of 11 months of current fiscal year 2016/17. According to statistics of Nepal Rastra Bank (NRB), the amount is two percent of the total loans of BFIs. NRB data shows that loans of BFIs have totaled Rs 1.967 trillion by the end of 11 months of current FY.</p>

<p>As per the central bank, there has been fluctuation in margin lending since mid-April and such loans have increased by four percent compared to corresponding period of last FY.</p>

<p>Although the margin lending has increased, the proportion of lending has remained almost the same. In the last FY, margin lending was 2.24 percent of the total loans of BFIs. During the last FY, BFIs had loaned out Rs 37.68 billion as margin lending out of the total lending of Rs 1.682 trillion.</p>

<p>The monetary policy unveiled by NRB on July 9 allows BFIs to release only 40 percent of loan by keeping shares as collateral. Earlier, BFIs could release loan equal to the share amount.</p>

<p>NRB&rsquo;s Research Department&rsquo;s Acting Director Nara Bahadur Thapa informed that the ceiling of margin lending had been reduced keeping in view the rise in paid-up capital of BFIs.</p>

<p>&ldquo;The paid-up capital has increased so the ceiling won&rsquo;t affect margin lending,&rdquo; said Thapa.&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '5981',
			'image' => null,
			'article_date' => '2017-07-12 00:00:00',
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			'id' => '6197',
			'article_category_id' => '1',
			'title' => 'India’s Café Coffee Day now in Nepal',
			'sub_title' => '',
			'summary' => ' India’s renowned brand Café Coffee Day has opened its branch in Nepal. ',
			'content' => '<p>July 12: India&rsquo;s renowned brand Caf&eacute; Coffee Day has opened its branch in Nepal. It has started its service from its first outlet in Jawlakhel, Lalitpur. Indian ambassador to Nepal Manjeev Singh Puri and Miss Nepal Nitika Chandak jointly inaugurated the care on July 11.&nbsp;</p>
',
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			'created' => '2017-07-12',
			'modified' => '2017-07-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5980',
			'image' => '20170712015724_cafe.jpg',
			'article_date' => '2017-07-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '6196',
			'article_category_id' => '1',
			'title' => 'Dabur Nepal Celebrates Silver Jubilee',
			'sub_title' => '',
			'summary' => 'Multinational company Dabur Nepal has celebrated its silver jubilee in Nepal. ',
			'content' => '<p>July 12: Multinational company Dabur Nepal has celebrated its silver jubilee in Nepal. Established in 1989 AD, the company has been in operation since the last 15 years. It started commercial production only from 1992 AD. The company has established as the largest producer of aayurvedic and natural health products, the company said in a statement. The company, which dealt transaction worth Rs 5.3 million in its first year now has an annual transaction worth Rs 10 billion. The company has employed 1000 people while it gives indirect employment to around 20,000 people. The company has been producing Real Juice, Dabur Chawanprash, toothpaste, amla hair oil, honey, glucose-D, gulabari, odonil, among other products.</p>

<p>Prime Minister Sher Bahadur Deuba, Indian ambassador to Nepal Manjeev Singh Puri, Dabur India&rsquo;s Chairman Anand Burman, CEO Sunil Duggal and General Manager Rukma Shumsher Rana were present during the silver jubilee of the company.&nbsp;</p>
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			'sortorder' => '5979',
			'image' => '20170712015559_dabur.jpg',
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6209',
			'article_category_id' => '1',
			'title' => 'Favourable Environment Needed to Attract Investments in Large Projects: NCC',
			'sub_title' => '',
			'summary' => 'Nepal Chamber of Commerce (NCC) has drawn the attention of the government to maintain equidistant diplomatic relations with two neighbors India and China.',
			'content' => '<p>July 13:&nbsp;&nbsp; Nepal Chamber of Commerce (NCC) has drawn the attention of the government to maintain equidistant diplomatic relations with two neighbors India and China.</p>

<p>&nbsp;A delegation of the NCC on Wednesday met with Deputy Prime Minister and Foreign Minister Krishna Bahadur Mahara and requested the government to create favorable environment to attract investment in large projects from India and China.</p>

<p>&nbsp;The team led by NCC President Rajesh Kaji Shrestha said Nepal should utilize SAFTA, BIMSTEC and BBIN for attaining economic prosperity. The delegation also said that Nepal should remain neutral by not taking sides of any of the two neighbours.</p>

<p>Foreign Minister Mahara also said Nepal was in favor of taking benefit from both the neighbors, adding that he has already visited China for this purpose and will take initiative towards making SAFTA, BIMSTEC and BBIN more dynamic during his visit to India.</p>

<p>&nbsp;On the occasion, DPM Mahara said Nepal has a strategy of mobilizing Nepali missions abroad for economic development of the country.</p>

<p>&nbsp;Present in the delegation were NCC Senior Vice Chairman Lokmanya Golchha, First Vice Chairman Gyanendra Ratna Tuladhar and Second Vice Chairman Rajendra Malla and NCC working committee members, among others.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5993',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6208',
			'article_category_id' => '1',
			'title' => 'Tuborg Classic now Available in Itahari',
			'sub_title' => '',
			'summary' => 'After the successful launch of Tuborg Classic with Scotch Malts in Kathmandu, Pokhara, Narayangadh and Janakpur, Gorkha Brewry has launched the strong beer in Itahari.',
			'content' => '<p>July 13: After the successful launch of Tuborg Classic with Scotch Malts in Kathmandu, Pokhara, Narayangadh and Janakpur, Gorkha Brewry has launched the strong beer in Itahari.</p>

<p>Gorkha Brewry launched the beer amidst a function held at Hotel Itahari on July 12.</p>

<p>&ldquo;Our objective is to give our valued customers choices of world-class tastes,&rdquo; said Arun Adhikari, Managing Director of Gorkha Brewry, adding, &ldquo; We have prepared a special recipe in collaboration with friends from Carlsberg Group. This will give the Nepali consumers choice of best beers at their disposal.&rdquo;</p>

<p>Shedding light on the new product, Adhikari said that Tuborg Classic is a strong beer having one of the best tastes. He claimed that the beer prepared with premium scotch malts and selected herbs will give the new generation of Nepali beer lovers a different premium taste. &nbsp;</p>

<p>The beer with tagline &lsquo;strong and smoother&rsquo; has 6.5 percent of alcohol content. The price of 650 ml bottle of the beer is Rs 310 in the market.</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5992',
			'image' => '20170713040653_tuborgajit.jpg',
			'article_date' => '2017-07-13 00:00:00',
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		'Article' => array(
			'id' => '6201',
			'article_category_id' => '1',
			'title' => 'Banks to Remain Open this Saturday',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank has instructed all the banks and financial institutions (BFIs) to remain open this Saturday.',
			'content' => '<p>July 13: Nepal Rastra Bank has instructed all the banks and financial institutions (BFIs) to remain open this Saturday. The central bank issued such circular as it is the last day of the current fiscal year. NRB took such decision to ease revenue collection. It is mandatory for all BFIs to close their accounts at the end of each fiscal year. As per the instructions of the Financial Comptroller General&rsquo;s Office, arrangements have been made for revenue collection through IPS till 4 pm on July 15. Besides that, the central bank will accept cheques related to revenue and settle all arrears on the same day.</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5991',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
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			'id' => '6207',
			'article_category_id' => '1',
			'title' => 'Hamro Bikas opens branch at Ranipauwa',
			'sub_title' => '',
			'summary' => 'Hamro Bikas Bank has opened a new branch at Ranipauwa of Nuwakot district.',
			'content' => '<p>July 13: Hamro Bikas Bank has opened a new branch at Ranipauwa of Nuwakot district. Chinta Mani Shiwakoti, deputy governor Nepal Rastra Bank, inaugurated the branch amid a program on July 10. Extending his best wishes to the bank for opening the branch in rural area, Shiwakoti claimed it will benefit the public to undertake banking transactions. The bank is providing banking services through five branches and one extension counter at Nuwakot.</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5990',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
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			'id' => '6206',
			'article_category_id' => '1',
			'title' => 'NIBL acquires Ace',
			'sub_title' => '',
			'summary' => 'Nepal Investment Bank Limited has started integrated transaction service from July 13 after acquiring ACE Development Bank. ',
			'content' => '<p>July 13: Nepal Investment Bank Limited has started integrated transaction service from July 13 after acquiring ACE Development Bank. After acquiring ACE on the swap ratio of 100:41, the paid-up capital of NIBL has reached Rs 9.24 billion. Similarly, the bank&rsquo;s deposits have totaled Rs 124 billion while its extension of loans has reached to Rs 107 billion.&nbsp;</p>
',
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			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5989',
			'image' => '20170713033417_NIBL.jpg',
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			'id' => '6205',
			'article_category_id' => '1',
			'title' => 'Nabil establishes 100th ATM',
			'sub_title' => '',
			'summary' => 'Nabil Bank has opened four additional ATM outlets at various locations.',
			'content' => '<p>July 13: Nabil Bank has opened four additional ATM outlets at various locations. With the addition, the bank now has a total of 100 ATM outlets which includes 54 branches inside the Kathmandu valley and 46 branches outside the valley. VISA card, Master card, Union Pay international card and SCT card holders can withdraw money and enjoy various other services from all the ATM outlets.&nbsp;</p>
',
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			'created' => '2017-07-13',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '5988',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
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		'Article' => array(
			'id' => '6204',
			'article_category_id' => '1',
			'title' => 'Lumbini Opens Branch at Chandrawati',
			'sub_title' => '',
			'summary' => 'Lumbini Bikas Bank has opened its branch at Bhanu Munucipality-13 of Chandrawati, in Tanahun district. ',
			'content' => '<p>July 13: Lumbini Bikas Bank has opened its branch at Bhanu Munucipality-13 of Chandrawati, in Tanahun district. Rajendra Pandit, director of Nepal Rastra Bank, inaugurated the branch amid a program held on July 12. It is the 50<sup>th</sup> branch of the bank. Jhalak Prasad Khanal, CEO of the bank, said that the branch has been opened with the objective of providing loan to agriculture sector and small businesses.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5987',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '6203',
			'article_category_id' => '1',
			'title' => 'Remittance Agreement between Ramro Remit and Kumari',
			'sub_title' => '',
			'summary' => 'Kumari Bank has finalized remittance agreement with Ramro Remit.',
			'content' => '<p>July 13: Kumari Bank has finalized remittance agreement with Ramro Remit. Rajesh Shrestha, chief marketing officer of Kumari Bank, and CEO of Ramro Remit Rameshwor Shrestha signed the agreement to this effect. With the agreement, money transferred through Ramro Remit from around the world can be collected from any branch of Kumari Bank.</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5986',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '6202',
			'article_category_id' => '1',
			'title' => 'SEBON to Encourage Companies to Enter Capital Market',
			'sub_title' => '',
			'summary' => 'Securities Board of Nepal (SEBON) has said it will encourage production-based companies to enter the capital market. ',
			'content' => '<p>July 13: Securities Board of Nepal (SEBON) has said it will encourage production-based companies to enter the capital market. SEBON decided to give priority to this issue after the government included this sector in its Policy and Program as well as in the budget for the fiscal year 2017/18.</p>

<p>SEBON made such announcement during a program organized to review the current FY 2016/17 and to chart a plan for the upcoming FY 2017/18.</p>

<p>During the program, discussions were held regarding the policy level and institutional development of the capital market among the concerned stakeholders.&nbsp; Speakers opined that the board should take special initiative to make the stock market more transparent and fully autonomous.</p>

<p>SEBON said that it is quite challenging to implement all the issues related to the capital market that have been incorporated in the budget.</p>

<p>SEBON Executive Director Paristha Poudyal said that although the Securities Registration and Issue Regulations 2073 has provisions for incentives, the reality is something different. He said that it is quite challenging for any company to enter the capital market. Paudyal further informed that board has found it equally challenging to make the secondary stock market more competitive and expand it across the country due to lack of effective regulation and supervision.</p>

<p>He also said that SEBON is running financial literacy programs among Non-Residential Nepalis to increase their investment in Nepal.</p>

<p>SEBON has made the use of Demat account mandatory for subscribers to apply for Initial Public Offering (IPO) issuances since July 16 in the Kathmandu valley and across the country from January 15 next year.</p>

<p>According to SEBON, more than 1,400 public companies have been registered with the Company Registration Office till date. But 1,255 companies have not issued their shares to the public.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5985',
			'image' => null,
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '6200',
			'article_category_id' => '1',
			'title' => 'Underground Network of Electricity, Telephone in the Pipeline',
			'sub_title' => '',
			'summary' => 'Preparations are on track for the underground management of telephone, internet, electricity  and cable lines in the Kathmandu valley. ',
			'content' => '<p>July 13: Preparations are on track for the underground management of telephone, internet, electricity &nbsp;and cable lines in the Kathmandu valley. Nepal Telecommunications Authority (NTA) has decided to work together with Nepal Electricity Authority (NEA) to lay the underground network of wires. Sources claimed that the two state-run authorities have formed a coordination committee for the purpose.</p>

<p>According to NTA Deputy Spokesperson Achyutananda Mishra, discussions are positive and they are planning to sign an agreement for collaboration soon.</p>

<p>&ldquo;We have already corresponded with the Ministry of Information and Communications in this regard,&rdquo; he said, adding, &ldquo;We are likely to share the budget for the purpose.&rdquo;</p>

<p>Former Finance Minister Krishna Bahadur Mahara had recently unveiled the government&rsquo;s plan of underground electricity network during the budget announcement for the upcoming fiscal year. The government decided to form an underground network of electricity in some areas of Kathmandu valley to discourage electricity theft as well as to reduce accidents related to the unmanaged wiring. In line with the government&rsquo;s plan, NEA is preparing to lay the underground network of electricity in Ratnapark and Maharajgung areas of the capital.</p>

<p>Asian Development Bank has reportedly shown interest to provide a loan of Rs 5.5 billion for the project.</p>

<p>NEA Spokesperson Prabal Adhikari informed that they are moving ahead with the work as a pilot project.</p>

<p>&ldquo;We are planning to issue tender notice within a week and within a year, the transmission lines in Ratnapark and Maharajgunj will be underground,&rdquo; said Adhikari.</p>

<p>NEA plans to lay the underground network beneath the footpaths as per the international standard. Currently, telephone and cable lines are using the poles set up by the NEA for transmission. Adhikari confirmed that talks are underway for a joint underground network of electricity, telecom and cable lines.</p>

<p>&ldquo;The haphazard use of electricity poles for transmission of telephone and cable lines have not just posed risk of accident but has also become an eyesore. We have no option but to include them in the underground network as well,&rdquo; said Adhikari.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-13',
			'modified' => '2017-07-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5984',
			'image' => '20170713010202_nea.jpg',
			'article_date' => '2017-07-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '6198',
			'article_category_id' => '1',
			'title' => 'Credit Crunch hits Real Estate Business ',
			'sub_title' => '',
			'summary' => 'Real estate business has hit a snag due to the restriction in loan imposed by banks and financial institutions (BFIs) citing credit crunch.',
			'content' => '<p>Jule 12: Real estate business has hit a snag due to the restriction in loan imposed by banks and financial institutions (BFIs) citing credit crunch. Construction of housings across the country has seen a slump since the last six months after the BFIs tightened the noose on lending due to lack of investible amount.</p>

<p>Statistics of the last six months maintained by the Department of Land Reform and Management show that the land revenue offices of the Kathmandu valley saw a sharp decline in revenue collection.</p>

<p>Revenue collection in the month of December-January was less by Rs 90 million as compared to the preceding month. Revenue collection dropped further by Rs 70 million in January-February. The downward spiral in revenue collection continued in February-March during which the land revenue offices collected Rs 150 million less than in January-February.</p>

<p>Revenue collection in March-April rose by Rs 40 million as compared to the preceding month. But the very next month, the total revenue collection saw a nosedive with a deficit of Rs 230 million. Revenue collection rose by Rs 110 million in May-June. &nbsp;</p>

<p>The overall graph of revenue collection in the last six months shows a downward curve. The total revenue collected in the first 11 months of the last fiscal year as compared to the first 11 months of the current fiscal year is less by Rs 80 million.</p>

<p>Chief of the Department of Land Reform and Management Sushil Prasad Acharya says that the buying and selling of land has decreased because of the reluctance of BFIs to loan out money.</p>

<p>Collection of registration charge in all four land revenue offices of the valley has decreased as compared to the last FY despite the offices increasing the valuation of land by 20 percent.</p>

<p>BFIs have already invested Rs 293.70 billion in the housing sector in the first 10 months of the current fiscal year. By the end of this fiscal year, the total investment in this sector is set to reach Rs 250.90 billion. The amount also includes Rs 10 million for personal housing loan, according to Nepal Rastra Bank.</p>
',
			'published' => true,
			'created' => '2017-07-12',
			'modified' => '2017-07-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5983',
			'image' => '20170712034308_data.jpg',
			'article_date' => '2017-07-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '6187',
			'article_category_id' => '1',
			'title' => 'Shipping Companies Start Delivering Goods at Nepal’s Doorstep',
			'sub_title' => '',
			'summary' => 'Shipping companies are having tough competition in delivering goods to Nepal from third countries. ',
			'content' => '<p>July 11: Shipping companies are having tough competition in delivering goods to Nepal from third countries. Due to the competition, the companies are eager to make their service more efficient. This is likely to reduce the transportation fare.</p>

<p>MSC Agency India Pvt Ltd has started delivering goods in containers right up to Birgunj Dry Port since July 1. Before this, the company used to deliver the containers carrying goods only till Kolkata&rsquo;s sea port.</p>

<p>&ldquo;This has reduced the fine the importers had been paying till now,&rdquo; says Rambabu Sah, an official of Himalayan Terminal Pvt Ltd that operates the Birgunj Dry Port.</p>

<p>Until now, all the shipping companies used to deliver goods only up to Kolkata. The goods can be kept there for 14 days. However, Nepali importers had been paying heavy fines for not being able to clear the goods on time. According to the importers, they had been paying Rs 2 billion fine annually.</p>

<p>Delivery of goods till Birgunj has become a huge respite for the Nepali importers, says immediate past president of Birgunj Chamber of Commerce, Pradeep Kumar Kedia.</p>

<p>Nepali importers have benefitted a lot from the competition among big shipping companies. Maerks Shipping Line has also started delivering containers till Birgunj. It has also increased the time period for unloading the containers. Both the companies have provided 21 days for the importers to clear the goods from their containers.</p>

<p>Rajesh Kafle, a local importer, says that the government should make arrangements for shipping companies to deliver containers till Birgunj. He argues that the consumers will ultimately benefit if the transportation cost gets slashed.</p>

<p>According to Sah, MSC charges up to Rs 3500 per container for delivering &nbsp;goods up to Birgunj. The charge also includes goods and service tax (GST).</p>

<p>Likewise, Maerks has been transporting goods from Indian port of Vishakhapatnam to Birgunj since one month. Normally, one train carries 90 containers but the company has announced to deliver the same amount of goods using just 50 to 60 containers.</p>

<p>It has been learnt that the Kolkata-based shipping companies have started providing efficient services after Nepali importers showed their interest to bring goods from Visakhapatnam.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-11',
			'modified' => '2017-07-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5982',
			'image' => null,
			'article_date' => '2017-07-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '6199',
			'article_category_id' => '1',
			'title' => 'Margin Lending up by 4 Percent',
			'sub_title' => '',
			'summary' => 'Margin lending of banks and financial institutions (BFIs) has amounted to Rs 39.19 billion by the end of 11 months of current fiscal year 2016/17. ',
			'content' => '<p>July 12: Margin lending of banks and financial institutions (BFIs) has amounted to Rs 39.19 billion by the end of 11 months of current fiscal year 2016/17. According to statistics of Nepal Rastra Bank (NRB), the amount is two percent of the total loans of BFIs. NRB data shows that loans of BFIs have totaled Rs 1.967 trillion by the end of 11 months of current FY.</p>

<p>As per the central bank, there has been fluctuation in margin lending since mid-April and such loans have increased by four percent compared to corresponding period of last FY.</p>

<p>Although the margin lending has increased, the proportion of lending has remained almost the same. In the last FY, margin lending was 2.24 percent of the total loans of BFIs. During the last FY, BFIs had loaned out Rs 37.68 billion as margin lending out of the total lending of Rs 1.682 trillion.</p>

<p>The monetary policy unveiled by NRB on July 9 allows BFIs to release only 40 percent of loan by keeping shares as collateral. Earlier, BFIs could release loan equal to the share amount.</p>

<p>NRB&rsquo;s Research Department&rsquo;s Acting Director Nara Bahadur Thapa informed that the ceiling of margin lending had been reduced keeping in view the rise in paid-up capital of BFIs.</p>

<p>&ldquo;The paid-up capital has increased so the ceiling won&rsquo;t affect margin lending,&rdquo; said Thapa.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-12',
			'modified' => '2017-07-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5981',
			'image' => null,
			'article_date' => '2017-07-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 13 => array(
		'Article' => array(
			'id' => '6197',
			'article_category_id' => '1',
			'title' => 'India’s Café Coffee Day now in Nepal',
			'sub_title' => '',
			'summary' => ' India’s renowned brand Café Coffee Day has opened its branch in Nepal. ',
			'content' => '<p>July 12: India&rsquo;s renowned brand Caf&eacute; Coffee Day has opened its branch in Nepal. It has started its service from its first outlet in Jawlakhel, Lalitpur. Indian ambassador to Nepal Manjeev Singh Puri and Miss Nepal Nitika Chandak jointly inaugurated the care on July 11.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-12',
			'modified' => '2017-07-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5980',
			'image' => '20170712015724_cafe.jpg',
			'article_date' => '2017-07-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '6196',
			'article_category_id' => '1',
			'title' => 'Dabur Nepal Celebrates Silver Jubilee',
			'sub_title' => '',
			'summary' => 'Multinational company Dabur Nepal has celebrated its silver jubilee in Nepal. ',
			'content' => '<p>July 12: Multinational company Dabur Nepal has celebrated its silver jubilee in Nepal. Established in 1989 AD, the company has been in operation since the last 15 years. It started commercial production only from 1992 AD. The company has established as the largest producer of aayurvedic and natural health products, the company said in a statement. The company, which dealt transaction worth Rs 5.3 million in its first year now has an annual transaction worth Rs 10 billion. The company has employed 1000 people while it gives indirect employment to around 20,000 people. The company has been producing Real Juice, Dabur Chawanprash, toothpaste, amla hair oil, honey, glucose-D, gulabari, odonil, among other products.</p>

<p>Prime Minister Sher Bahadur Deuba, Indian ambassador to Nepal Manjeev Singh Puri, Dabur India&rsquo;s Chairman Anand Burman, CEO Sunil Duggal and General Manager Rukma Shumsher Rana were present during the silver jubilee of the company.&nbsp;</p>
',
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			'created' => '2017-07-12',
			'modified' => '2017-07-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5979',
			'image' => '20170712015559_dabur.jpg',
			'article_date' => '2017-07-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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			'user_id' => '16'
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	)
)
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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