Nepal Today

Wednesday, October 21, 2009

Dr Baburam warns movement will be launched in two days

By Bhola B Rana

Kathmandu, 22 Oct: Maoist Vice-chairman Dr Baburam Bhattarai for the second time in two consecutive days warned his party will launch a movement within two days if demands aren’t met.
Dr Bhattarai repeated the warning in the capital Tuesday at a public meet.
The third ranking Maoist leader.
Dr Bhattarai demanded the correction of what he called the ‘unconstitutional’ order of President Dr Ram Baran Yadav to retain Army Chief Gen Rukmanguk Katawal sacked by the Maoist-led government of Prachanda who was himself ousted from power by a majority vote in parliament.
Maoists are opposing the action of a ceremonial president at the request of 18 political parties.
Dr Bhattarai first issued the threat in Kavre Wednesday
“We are worried about the possible repetition of such unconstitutional moves in future which paralyzes the power of the executive body, the government,” he said.
The Maoists shave come out on the streets for nearly five months and parliamentary proceedings have been paralyzed as well.
Ministers haven’t collect their salaries without parliamentary approval of the budget creating a financial crisis.
One proposal mooted is to approve the annual budget of 2009/10 through ordinance.
A stiff latitude of Maoists was reflected when Prime Minister Madhav Kumar Nepal was invited to a Maoist tea reception Tuesday not as government chief but as member of the CPN-UML.
Nepal didn’t attend the reception.
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TRADE. COMMERCE, ECONOMY

Kathmandu, 22 Oct: Indian Commerce and Industry Minister Ananda Sharma arrives Tuesday to sign a Nepal-India treaty which will be valid for seven years.
The present treaty is valid for only five years.
There’s a provision for the automatic extension of the treaty after its expiry.
Nepal and India are also signing a new agreement to control unauthorized trade from third countries.
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ADBL going public

Kathmandu, 22 Oct: Agriculture Development Bank Limited (ADBL) is going public in November to collect Rs 960 million by floating 96,00,000 shares with par value of Rs 100 a share.
Ace Development Bank will manage the issue—the biggest so far,
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MEDIA GOOGLE

“In our ties and interactions with our two neighbours, we don’t have any desire to play any card or use relationship with one against the other.”

(PM Nepal, The Kathmandu Post, 22 Oct.)
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