$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' => '12559',
'article_category_id' => '1',
'title' => 'Operation of Nagarik Stock Dealer Company Uncertain',
'sub_title' => 'Nepse Demands Company's own Data Centre ',
'summary' => 'October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The internal works of CIT itself have been affected after its employees tested positive for coronavirus.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2020-10-06',
'modified' => '2020-10-06',
'keywords' => '',
'description' => '',
'sortorder' => '12306',
'image' => '20201006013131_20161214040928_nepse.jpg',
'article_date' => '2020-10-06 13:30:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'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' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'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' => '12559',
'article_category_id' => '1',
'title' => 'Operation of Nagarik Stock Dealer Company Uncertain',
'sub_title' => 'Nepse Demands Company's own Data Centre ',
'summary' => 'October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The internal works of CIT itself have been affected after its employees tested positive for coronavirus.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2020-10-06',
'modified' => '2020-10-06',
'keywords' => '',
'description' => '',
'sortorder' => '12306',
'image' => '20201006013131_20161214040928_nepse.jpg',
'article_date' => '2020-10-06 13:30:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'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' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '12559',
'hit' => '2285'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://www.old.newbusinessage.com/app/webroot/img/news/20201006013131_20161214040928_nepse.jpg'
$user = null
include - 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]
$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' => '12559',
'article_category_id' => '1',
'title' => 'Operation of Nagarik Stock Dealer Company Uncertain',
'sub_title' => 'Nepse Demands Company's own Data Centre ',
'summary' => 'October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The internal works of CIT itself have been affected after its employees tested positive for coronavirus.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2020-10-06',
'modified' => '2020-10-06',
'keywords' => '',
'description' => '',
'sortorder' => '12306',
'image' => '20201006013131_20161214040928_nepse.jpg',
'article_date' => '2020-10-06 13:30:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'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' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'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' => '12559',
'article_category_id' => '1',
'title' => 'Operation of Nagarik Stock Dealer Company Uncertain',
'sub_title' => 'Nepse Demands Company's own Data Centre ',
'summary' => 'October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The internal works of CIT itself have been affected after its employees tested positive for coronavirus.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2020-10-06',
'modified' => '2020-10-06',
'keywords' => '',
'description' => '',
'sortorder' => '12306',
'image' => '20201006013131_20161214040928_nepse.jpg',
'article_date' => '2020-10-06 13:30:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'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' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '12559',
'hit' => '2285'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://www.old.newbusinessage.com/app/webroot/img/news/20201006013131_20161214040928_nepse.jpg'
$user = null
include - 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]
//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' => '12559',
'article_category_id' => '1',
'title' => 'Operation of Nagarik Stock Dealer Company Uncertain',
'sub_title' => 'Nepse Demands Company's own Data Centre ',
'summary' => 'October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The internal works of CIT itself have been affected after its employees tested positive for coronavirus.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2020-10-06',
'modified' => '2020-10-06',
'keywords' => '',
'description' => '',
'sortorder' => '12306',
'image' => '20201006013131_20161214040928_nepse.jpg',
'article_date' => '2020-10-06 13:30:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'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' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'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' => '12559',
'article_category_id' => '1',
'title' => 'Operation of Nagarik Stock Dealer Company Uncertain',
'sub_title' => 'Nepse Demands Company's own Data Centre ',
'summary' => 'October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The internal works of CIT itself have been affected after its employees tested positive for coronavirus.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2020-10-06',
'modified' => '2020-10-06',
'keywords' => '',
'description' => '',
'sortorder' => '12306',
'image' => '20201006013131_20161214040928_nepse.jpg',
'article_date' => '2020-10-06 13:30:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'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' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '12559',
'hit' => '2285'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://www.old.newbusinessage.com/app/webroot/img/news/20201006013131_20161214040928_nepse.jpg'
$user = null
$groupId = null
include - 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
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '12559',
'article_category_id' => '1',
'title' => 'Operation of Nagarik Stock Dealer Company Uncertain',
'sub_title' => 'Nepse Demands Company's own Data Centre ',
'summary' => 'October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The internal works of CIT itself have been affected after its employees tested positive for coronavirus.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2020-10-06',
'modified' => '2020-10-06',
'keywords' => '',
'description' => '',
'sortorder' => '12306',
'image' => '20201006013131_20161214040928_nepse.jpg',
'article_date' => '2020-10-06 13:30:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'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' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'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' => '12559',
'article_category_id' => '1',
'title' => 'Operation of Nagarik Stock Dealer Company Uncertain',
'sub_title' => 'Nepse Demands Company's own Data Centre ',
'summary' => 'October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The internal works of CIT itself have been affected after its employees tested positive for coronavirus.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2020-10-06',
'modified' => '2020-10-06',
'keywords' => '',
'description' => '',
'sortorder' => '12306',
'image' => '20201006013131_20161214040928_nepse.jpg',
'article_date' => '2020-10-06 13:30:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'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' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '12559',
'hit' => '2285'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://www.old.newbusinessage.com/app/webroot/img/news/20201006013131_20161214040928_nepse.jpg'
$user = null
$groupId = null
$user_id = null
$date = '2020-10-06 13:30:17'
$dateFromDatabase = (int) 1601970317
$newDate = 'Oct 06, 2020'
$articleView = array(
'article_id' => '12559',
'hit' => '2285'
)
$word_count = (int) 641
$time_to_read = (float) 3.21
$time_to_read_min = (float) 3
$time_to_read_second = (float) 13
include - APP/View/Articles/view.ctp, line 241
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
October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.
The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.
Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.
The internal works of CIT itself have been affected after its employees tested positive for coronavirus.
Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.
Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse.
Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.
“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”
He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
include - APP/View/Articles/view.ctp, line 273
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
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '12559',
'article_category_id' => '1',
'title' => 'Operation of Nagarik Stock Dealer Company Uncertain',
'sub_title' => 'Nepse Demands Company's own Data Centre ',
'summary' => 'October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The internal works of CIT itself have been affected after its employees tested positive for coronavirus.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2020-10-06',
'modified' => '2020-10-06',
'keywords' => '',
'description' => '',
'sortorder' => '12306',
'image' => '20201006013131_20161214040928_nepse.jpg',
'article_date' => '2020-10-06 13:30:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'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' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'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' => '12559',
'article_category_id' => '1',
'title' => 'Operation of Nagarik Stock Dealer Company Uncertain',
'sub_title' => 'Nepse Demands Company's own Data Centre ',
'summary' => 'October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The internal works of CIT itself have been affected after its employees tested positive for coronavirus.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2020-10-06',
'modified' => '2020-10-06',
'keywords' => '',
'description' => '',
'sortorder' => '12306',
'image' => '20201006013131_20161214040928_nepse.jpg',
'article_date' => '2020-10-06 13:30:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'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' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '12559',
'hit' => '2285'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
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/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
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '12559',
'article_category_id' => '1',
'title' => 'Operation of Nagarik Stock Dealer Company Uncertain',
'sub_title' => 'Nepse Demands Company's own Data Centre ',
'summary' => 'October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The internal works of CIT itself have been affected after its employees tested positive for coronavirus.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2020-10-06',
'modified' => '2020-10-06',
'keywords' => '',
'description' => '',
'sortorder' => '12306',
'image' => '20201006013131_20161214040928_nepse.jpg',
'article_date' => '2020-10-06 13:30:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'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' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'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' => '12559',
'article_category_id' => '1',
'title' => 'Operation of Nagarik Stock Dealer Company Uncertain',
'sub_title' => 'Nepse Demands Company's own Data Centre ',
'summary' => 'October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The internal works of CIT itself have been affected after its employees tested positive for coronavirus.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2020-10-06',
'modified' => '2020-10-06',
'keywords' => '',
'description' => '',
'sortorder' => '12306',
'image' => '20201006013131_20161214040928_nepse.jpg',
'article_date' => '2020-10-06 13:30:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'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' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '12559',
'hit' => '2285'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
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/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
file not found!
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '12559',
'article_category_id' => '1',
'title' => 'Operation of Nagarik Stock Dealer Company Uncertain',
'sub_title' => 'Nepse Demands Company's own Data Centre ',
'summary' => 'October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The internal works of CIT itself have been affected after its employees tested positive for coronavirus.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2020-10-06',
'modified' => '2020-10-06',
'keywords' => '',
'description' => '',
'sortorder' => '12306',
'image' => '20201006013131_20161214040928_nepse.jpg',
'article_date' => '2020-10-06 13:30:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'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' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'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' => '12559',
'article_category_id' => '1',
'title' => 'Operation of Nagarik Stock Dealer Company Uncertain',
'sub_title' => 'Nepse Demands Company's own Data Centre ',
'summary' => 'October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The internal works of CIT itself have been affected after its employees tested positive for coronavirus.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2020-10-06',
'modified' => '2020-10-06',
'keywords' => '',
'description' => '',
'sortorder' => '12306',
'image' => '20201006013131_20161214040928_nepse.jpg',
'article_date' => '2020-10-06 13:30:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'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' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '12559',
'hit' => '2285'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
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
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]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '12559',
'article_category_id' => '1',
'title' => 'Operation of Nagarik Stock Dealer Company Uncertain',
'sub_title' => 'Nepse Demands Company's own Data Centre ',
'summary' => 'October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The internal works of CIT itself have been affected after its employees tested positive for coronavirus.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2020-10-06',
'modified' => '2020-10-06',
'keywords' => '',
'description' => '',
'sortorder' => '12306',
'image' => '20201006013131_20161214040928_nepse.jpg',
'article_date' => '2020-10-06 13:30:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'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' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'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' => '12559',
'article_category_id' => '1',
'title' => 'Operation of Nagarik Stock Dealer Company Uncertain',
'sub_title' => 'Nepse Demands Company's own Data Centre ',
'summary' => 'October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">October 6: The operation of Nagarik Stock Dealer Company has become uncertain after the Nepal Stock Exchange (Nepse) demanded data centre. Nepse has directed the company to create data centre for storing data or to use cloud for the purpose. However, Nagarik Stock Dealer Company has not been able to do so because the process is quite costly. Therefore, the company has not been able to attain the broker code number for its operation of share transactions.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Securities Board of Nepal had given a Letter of Intent (LoI) to Nagarik Stock Dealer Company more than two months ago. The company has been preparing to gather resources and build infrastructure to start its service. However, the operation of the company has become uncertain after Nepse asked the company to create its own data centre or to use cloud.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nagarik Stock Dealer Company was set up eight months ago as a subsidiary of Citizens Investment Trust (CIT) with the objective of providing the service of stock dealer. The company was preparing to launch its service from the start of the current fiscal year after getting the LoI. However, it was not possible due to coronavirus. The company was preparing to start its service two months later than the first schedule but that too is unlikely to happen after Nepse demanded its own data centre.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The internal works of CIT itself have been affected after its employees tested positive for coronavirus.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Any new company must prepare the required infrastructure within six months after acquiring LoI. Then it has to acquire broker code number from Nepse. Then it has to adjust its software with that of Neal Clearing House for transaction settlement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Then only can the company get final approval for operation from Sebon after necessary inspection. However, the company has not been able to submit an application with Sebon for final approval due to its failure to obtain broker code from Nepse. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Deputy Executive Director of CIT Dr Indra Kumar Kattel says it is very expensive to meet the criteria for date center as demanded by Nepse.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have to opt for a bidding process for the data cenre as per the Public Procurement Act,” said Kattel, adding, “This is a technical problem and we will sort it out soon.”</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He informed that the company will start operation within ten days if the problem is resolved through the use of cloud.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2020-10-06',
'modified' => '2020-10-06',
'keywords' => '',
'description' => '',
'sortorder' => '12306',
'image' => '20201006013131_20161214040928_nepse.jpg',
'article_date' => '2020-10-06 13:30:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'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' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '12559',
'hit' => '2285'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
simplexml_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
