Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]Code Context$user = $this->Session->read('Auth.User');//find the group of logged user$groupId = $user['Group']['id'];$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp' $dataForView = array( 'article' => array( 'Article' => array( 'id' => '11921', 'article_category_id' => '1', 'title' => 'Experts Demand Separate Mechanism for Improving Economy', 'sub_title' => '', 'summary' => 'April 13: Economists have suggested that a strong mechanism is needed to reduce the impacts of coronavirus on the country's economy.', 'content' => '<h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">April 13: Economists have suggested that a strong mechanism is needed to reduce the impacts of coronavirus on the country's economy.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">They emphasized that a separate mechanism should be developed in coordination with the Ministry of Finance, Nepal Rastra Bank and the Central Statistics Bureau for the economy to recover. </span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">According to the experts, a separate body such as the National Reconstruction Authority which was formed to rebuild the country after the 2015 earthquake, should be established to overcome the economic crisis.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Addressing a video conference organized by the Nepal Economic Journalists Society (SEJON) on Sunday, April 12, economist duo Bishwambher Pyakhurel and Rameshwar Khanal informed that a separate mechanism is necessary to overcome the economic impacts of corona.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">“We need relief and rehabilitation packages soon, but, the packages should be distributed only after analyzing the impact and setting priority,” Khanal said.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Khanal added that inflow of remittance is shrinking and foreign exchange from tourism is declining.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">He opined that Nepal will not receive foreign aid and foreign investment, as committed by donors and development partners, because coronavirus has impacted the entire global economy.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">"So, it will also affect the foreign exchange reserves of the country and the money invested in the financial sector as well as liquidity," Khanal added.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Similarly, economist Pyakhurel informed that the pandemic has impacted the small-scale and cottage industry the most. He says small and cottage industry has the highest contribution to the country’s economy. </span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">He said that if the decline in domestic production and rise in price and unemployment increases, then the cost and expenditure will rise unbearably.</span></span></h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> ', 'published' => true, 'created' => '2020-04-13', 'modified' => '2020-04-13', 'keywords' => '', 'description' => '', 'sortorder' => '11672', 'image' => '20200413030531_coronavirus-economy.jpg', 'article_date' => '2020-04-13 15:04:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '20', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'nroy@newbusinessage.com', 'name' => 'Neeraj Roy', 'email' => 'nroy@newbusinessage.com', 'address' => '', 'gender' => '', 'access' => '1', 'phone' => '', 'access_type' => '0', 'activated' => false, 'sortorder' => '0', 'published' => '1', 'created' => '0000-00-00 00:00:00', 'last_login' => '0000-00-00 00:00:00', 'ip' => '' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( [maximum depth reached] ) ), 'Slider' => array() ), 'current_user' => null, 'logged_in' => false ) $article = array( 'Article' => array( 'id' => '11921', 'article_category_id' => '1', 'title' => 'Experts Demand Separate Mechanism for Improving Economy', 'sub_title' => '', 'summary' => 'April 13: Economists have suggested that a strong mechanism is needed to reduce the impacts of coronavirus on the country's economy.', 'content' => '<h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">April 13: Economists have suggested that a strong mechanism is needed to reduce the impacts of coronavirus on the country's economy.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">They emphasized that a separate mechanism should be developed in coordination with the Ministry of Finance, Nepal Rastra Bank and the Central Statistics Bureau for the economy to recover. </span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">According to the experts, a separate body such as the National Reconstruction Authority which was formed to rebuild the country after the 2015 earthquake, should be established to overcome the economic crisis.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Addressing a video conference organized by the Nepal Economic Journalists Society (SEJON) on Sunday, April 12, economist duo Bishwambher Pyakhurel and Rameshwar Khanal informed that a separate mechanism is necessary to overcome the economic impacts of corona.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">“We need relief and rehabilitation packages soon, but, the packages should be distributed only after analyzing the impact and setting priority,” Khanal said.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Khanal added that inflow of remittance is shrinking and foreign exchange from tourism is declining.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">He opined that Nepal will not receive foreign aid and foreign investment, as committed by donors and development partners, because coronavirus has impacted the entire global economy.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">"So, it will also affect the foreign exchange reserves of the country and the money invested in the financial sector as well as liquidity," Khanal added.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Similarly, economist Pyakhurel informed that the pandemic has impacted the small-scale and cottage industry the most. He says small and cottage industry has the highest contribution to the country’s economy. </span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">He said that if the decline in domestic production and rise in price and unemployment increases, then the cost and expenditure will rise unbearably.</span></span></h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> ', 'published' => true, 'created' => '2020-04-13', 'modified' => '2020-04-13', 'keywords' => '', 'description' => '', 'sortorder' => '11672', 'image' => '20200413030531_coronavirus-economy.jpg', 'article_date' => '2020-04-13 15:04:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '20', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'nroy@newbusinessage.com', 'name' => 'Neeraj Roy', 'email' => 'nroy@newbusinessage.com', 'address' => '', 'gender' => '', 'access' => '1', 'phone' => '', 'access_type' => '0', 'activated' => false, 'sortorder' => '0', 'published' => '1', 'created' => '0000-00-00 00:00:00', 'last_login' => '0000-00-00 00:00:00', 'ip' => '' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( 'article_id' => '11921', 'hit' => '793' ) ), 'Slider' => array() ) $current_user = null $logged_in = false $image = 'https://www.old.newbusinessage.com/app/webroot/img/news/20200413030531_coronavirus-economy.jpg' $user = nullinclude - APP/View/Articles/view.ctp, line 115 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]Code Context$user = $this->Session->read('Auth.User');//find the group of logged user$groupId = $user['Group']['id'];$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp' $dataForView = array( 'article' => array( 'Article' => array( 'id' => '11921', 'article_category_id' => '1', 'title' => 'Experts Demand Separate Mechanism for Improving Economy', 'sub_title' => '', 'summary' => 'April 13: Economists have suggested that a strong mechanism is needed to reduce the impacts of coronavirus on the country's economy.', 'content' => '<h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">April 13: Economists have suggested that a strong mechanism is needed to reduce the impacts of coronavirus on the country's economy.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">They emphasized that a separate mechanism should be developed in coordination with the Ministry of Finance, Nepal Rastra Bank and the Central Statistics Bureau for the economy to recover. </span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">According to the experts, a separate body such as the National Reconstruction Authority which was formed to rebuild the country after the 2015 earthquake, should be established to overcome the economic crisis.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Addressing a video conference organized by the Nepal Economic Journalists Society (SEJON) on Sunday, April 12, economist duo Bishwambher Pyakhurel and Rameshwar Khanal informed that a separate mechanism is necessary to overcome the economic impacts of corona.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">“We need relief and rehabilitation packages soon, but, the packages should be distributed only after analyzing the impact and setting priority,” Khanal said.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Khanal added that inflow of remittance is shrinking and foreign exchange from tourism is declining.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">He opined that Nepal will not receive foreign aid and foreign investment, as committed by donors and development partners, because coronavirus has impacted the entire global economy.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">"So, it will also affect the foreign exchange reserves of the country and the money invested in the financial sector as well as liquidity," Khanal added.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Similarly, economist Pyakhurel informed that the pandemic has impacted the small-scale and cottage industry the most. He says small and cottage industry has the highest contribution to the country’s economy. </span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">He said that if the decline in domestic production and rise in price and unemployment increases, then the cost and expenditure will rise unbearably.</span></span></h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> ', 'published' => true, 'created' => '2020-04-13', 'modified' => '2020-04-13', 'keywords' => '', 'description' => '', 'sortorder' => '11672', 'image' => '20200413030531_coronavirus-economy.jpg', 'article_date' => '2020-04-13 15:04:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '20', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'nroy@newbusinessage.com', 'name' => 'Neeraj Roy', 'email' => 'nroy@newbusinessage.com', 'address' => '', 'gender' => '', 'access' => '1', 'phone' => '', 'access_type' => '0', 'activated' => false, 'sortorder' => '0', 'published' => '1', 'created' => '0000-00-00 00:00:00', 'last_login' => '0000-00-00 00:00:00', 'ip' => '' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( [maximum depth reached] ) ), 'Slider' => array() ), 'current_user' => null, 'logged_in' => false ) $article = array( 'Article' => array( 'id' => '11921', 'article_category_id' => '1', 'title' => 'Experts Demand Separate Mechanism for Improving Economy', 'sub_title' => '', 'summary' => 'April 13: Economists have suggested that a strong mechanism is needed to reduce the impacts of coronavirus on the country's economy.', 'content' => '<h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">April 13: Economists have suggested that a strong mechanism is needed to reduce the impacts of coronavirus on the country's economy.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">They emphasized that a separate mechanism should be developed in coordination with the Ministry of Finance, Nepal Rastra Bank and the Central Statistics Bureau for the economy to recover. </span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">According to the experts, a separate body such as the National Reconstruction Authority which was formed to rebuild the country after the 2015 earthquake, should be established to overcome the economic crisis.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Addressing a video conference organized by the Nepal Economic Journalists Society (SEJON) on Sunday, April 12, economist duo Bishwambher Pyakhurel and Rameshwar Khanal informed that a separate mechanism is necessary to overcome the economic impacts of corona.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">“We need relief and rehabilitation packages soon, but, the packages should be distributed only after analyzing the impact and setting priority,” Khanal said.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Khanal added that inflow of remittance is shrinking and foreign exchange from tourism is declining.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">He opined that Nepal will not receive foreign aid and foreign investment, as committed by donors and development partners, because coronavirus has impacted the entire global economy.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">"So, it will also affect the foreign exchange reserves of the country and the money invested in the financial sector as well as liquidity," Khanal added.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Similarly, economist Pyakhurel informed that the pandemic has impacted the small-scale and cottage industry the most. He says small and cottage industry has the highest contribution to the country’s economy. </span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">He said that if the decline in domestic production and rise in price and unemployment increases, then the cost and expenditure will rise unbearably.</span></span></h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> ', 'published' => true, 'created' => '2020-04-13', 'modified' => '2020-04-13', 'keywords' => '', 'description' => '', 'sortorder' => '11672', 'image' => '20200413030531_coronavirus-economy.jpg', 'article_date' => '2020-04-13 15:04:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '20', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'nroy@newbusinessage.com', 'name' => 'Neeraj Roy', 'email' => 'nroy@newbusinessage.com', 'address' => '', 'gender' => '', 'access' => '1', 'phone' => '', 'access_type' => '0', 'activated' => false, 'sortorder' => '0', 'published' => '1', 'created' => '0000-00-00 00:00:00', 'last_login' => '0000-00-00 00:00:00', 'ip' => '' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( 'article_id' => '11921', 'hit' => '793' ) ), 'Slider' => array() ) $current_user = null $logged_in = false $image = 'https://www.old.newbusinessage.com/app/webroot/img/news/20200413030531_coronavirus-economy.jpg' $user = nullinclude - APP/View/Articles/view.ctp, line 115 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]Code Context//find the group of logged user$groupId = $user['Group']['id'];$user_id=$user["id"];$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp' $dataForView = array( 'article' => array( 'Article' => array( 'id' => '11921', 'article_category_id' => '1', 'title' => 'Experts Demand Separate Mechanism for Improving Economy', 'sub_title' => '', 'summary' => 'April 13: Economists have suggested that a strong mechanism is needed to reduce the impacts of coronavirus on the country's economy.', 'content' => '<h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">April 13: Economists have suggested that a strong mechanism is needed to reduce the impacts of coronavirus on the country's economy.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">They emphasized that a separate mechanism should be developed in coordination with the Ministry of Finance, Nepal Rastra Bank and the Central Statistics Bureau for the economy to recover. </span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">According to the experts, a separate body such as the National Reconstruction Authority which was formed to rebuild the country after the 2015 earthquake, should be established to overcome the economic crisis.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Addressing a video conference organized by the Nepal Economic Journalists Society (SEJON) on Sunday, April 12, economist duo Bishwambher Pyakhurel and Rameshwar Khanal informed that a separate mechanism is necessary to overcome the economic impacts of corona.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">“We need relief and rehabilitation packages soon, but, the packages should be distributed only after analyzing the impact and setting priority,” Khanal said.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Khanal added that inflow of remittance is shrinking and foreign exchange from tourism is declining.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">He opined that Nepal will not receive foreign aid and foreign investment, as committed by donors and development partners, because coronavirus has impacted the entire global economy.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">"So, it will also affect the foreign exchange reserves of the country and the money invested in the financial sector as well as liquidity," Khanal added.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Similarly, economist Pyakhurel informed that the pandemic has impacted the small-scale and cottage industry the most. 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He says small and cottage industry has the highest contribution to the country’s economy. </span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">He said that if the decline in domestic production and rise in price and unemployment increases, then the cost and expenditure will rise unbearably.</span></span></h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> ', 'published' => true, 'created' => '2020-04-13', 'modified' => '2020-04-13', 'keywords' => '', 'description' => '', 'sortorder' => '11672', 'image' => '20200413030531_coronavirus-economy.jpg', 'article_date' => '2020-04-13 15:04:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '20', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'nroy@newbusinessage.com', 'name' => 'Neeraj Roy', 'email' => 'nroy@newbusinessage.com', 'address' => '', 'gender' => '', 'access' => '1', 'phone' => '', 'access_type' => '0', 'activated' => false, 'sortorder' => '0', 'published' => '1', 'created' => '0000-00-00 00:00:00', 'last_login' => '0000-00-00 00:00:00', 'ip' => '' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( 'article_id' => '11921', 'hit' => '793' ) ), 'Slider' => array() ) $current_user = null $logged_in = false $image = 'https://www.old.newbusinessage.com/app/webroot/img/news/20200413030531_coronavirus-economy.jpg' $user = null $groupId = nullinclude - APP/View/Articles/view.ctp, line 116 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 index: caption [APP/View/Articles/view.ctp, line 241]Code Context<?php echo $this->Html->image('news/'.$article['Article']['image'], array('class'=>'appear', 'alt'=>$article['Article']['title'])); ?><div class="caption"> <?php echo $article['Article']['caption']; ?> </div>$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp' $dataForView = array( 'article' => array( 'Article' => array( 'id' => '11921', 'article_category_id' => '1', 'title' => 'Experts Demand Separate Mechanism for Improving Economy', 'sub_title' => '', 'summary' => 'April 13: Economists have suggested that a strong mechanism is needed to reduce the impacts of coronavirus on the country's economy.', 'content' => '<h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">April 13: Economists have suggested that a strong mechanism is needed to reduce the impacts of coronavirus on the country's economy.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">They emphasized that a separate mechanism should be developed in coordination with the Ministry of Finance, Nepal Rastra Bank and the Central Statistics Bureau for the economy to recover. </span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">According to the experts, a separate body such as the National Reconstruction Authority which was formed to rebuild the country after the 2015 earthquake, should be established to overcome the economic crisis.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Addressing a video conference organized by the Nepal Economic Journalists Society (SEJON) on Sunday, April 12, economist duo Bishwambher Pyakhurel and Rameshwar Khanal informed that a separate mechanism is necessary to overcome the economic impacts of corona.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">“We need relief and rehabilitation packages soon, but, the packages should be distributed only after analyzing the impact and setting priority,” Khanal said.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Khanal added that inflow of remittance is shrinking and foreign exchange from tourism is declining.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">He opined that Nepal will not receive foreign aid and foreign investment, as committed by donors and development partners, because coronavirus has impacted the entire global economy.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">"So, it will also affect the foreign exchange reserves of the country and the money invested in the financial sector as well as liquidity," Khanal added.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Similarly, economist Pyakhurel informed that the pandemic has impacted the small-scale and cottage industry the most. 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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 "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'article' => array( 'Article' => array( 'id' => '11921', 'article_category_id' => '1', 'title' => 'Experts Demand Separate Mechanism for Improving Economy', 'sub_title' => '', 'summary' => 'April 13: Economists have suggested that a strong mechanism is needed to reduce the impacts of coronavirus on the country's economy.', 'content' => '<h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">April 13: Economists have suggested that a strong mechanism is needed to reduce the impacts of coronavirus on the country's economy.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">They emphasized that a separate mechanism should be developed in coordination with the Ministry of Finance, Nepal Rastra Bank and the Central Statistics Bureau for the economy to recover. </span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">According to the experts, a separate body such as the National Reconstruction Authority which was formed to rebuild the country after the 2015 earthquake, should be established to overcome the economic crisis.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Addressing a video conference organized by the Nepal Economic Journalists Society (SEJON) on Sunday, April 12, economist duo Bishwambher Pyakhurel and Rameshwar Khanal informed that a separate mechanism is necessary to overcome the economic impacts of corona.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">“We need relief and rehabilitation packages soon, but, the packages should be distributed only after analyzing the impact and setting priority,” Khanal said.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Khanal added that inflow of remittance is shrinking and foreign exchange from tourism is declining.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">He opined that Nepal will not receive foreign aid and foreign investment, as committed by donors and development partners, because coronavirus has impacted the entire global economy.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">"So, it will also affect the foreign exchange reserves of the country and the money invested in the financial sector as well as liquidity," Khanal added.</span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">Similarly, economist Pyakhurel informed that the pandemic has impacted the small-scale and cottage industry the most. 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He says small and cottage industry has the highest contribution to the country’s economy. </span></span></h1> <h1><span style="font-size:20px"><span style="font-family:"Times New Roman"">He said that if the decline in domestic production and rise in price and unemployment increases, then the cost and expenditure will rise unbearably.</span></span></h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> <h1> </h1> ', 'published' => true, 'created' => '2020-04-13', 'modified' => '2020-04-13', 'keywords' => '', 'description' => '', 'sortorder' => '11672', 'image' => '20200413030531_coronavirus-economy.jpg', 'article_date' => '2020-04-13 15:04:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '20', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'nroy@newbusinessage.com', 'name' => 'Neeraj Roy', 'email' => 'nroy@newbusinessage.com', 'address' => '', 'gender' => '', 'access' => '1', 'phone' => '', 'access_type' => '0', 'activated' => false, 'sortorder' => '0', 'published' => '1', 'created' => '0000-00-00 00:00:00', 'last_login' => '0000-00-00 00:00:00', 'ip' => '' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( 'article_id' => '11921', 'hit' => '793' ) ), 'Slider' => array() ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/view.ctp, line 391 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
