Another shooting death in the south

Kathmandu, 11 Feb.: Prem Kumar Shrestha was shot dead at Khajura in Banke Wednesday only two hours after Prime Minister Madhav Kumar Nepal returned from the far-West terai district where he was greeted with black flags by Maoists.
Shrestha was shot dead by two motorcyclists as he was returning home from his momo shop.
Janatantrik Terai Party Madesh has taken responsibility for the shooting.
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Six killed, two injured in vehicular accident

Kathmandu, 11 Feb.: Six persons were killed and two were injured, including a child, were killed Wednesday at Shripur-2 in Kailali when a
truck plunged off the road into a tea stall.
The driver and his helper are absconding.
The truck owner has been arrested.
Police are investigating are investing whether drunken driving caused the accident.
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Four members of a family murdered in Palpa

Kathmandu, 11 Feb.: Four members of the family to Yam Kumari Bagali
including two children, were killed overnight in Palpa.
Among the killed were a two- year and a five-year old child.
A police team has been sent to a village eight mils away from Tansen to investigate the murders.
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NC central committee meeting to finalize new date for general convention

Kathmandu, 11 Feb.: Nepali Congress central committee is meeting Thursday to endorse a new date for its 12th general convention which was scheduled to be held in the capital for five years from 10 March.
A meeting of central leaders Wednesday recommended the convention be held from 10 to 14 June in the capital after a new constitution is
promulgated by the 28 May deadline.
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Sub-committee’s tenure extended

Kathmandu, 11 Feb.: The main constitution drafting committee headed by
Nilambar Acharya Wednesday extended the tenure of a sub-committee recommending a constitution draft by another five days.
The tenure of the sub-committee headed by Barsha Man Pun (Maoist) has
Has been extended until 14 February.
The sub-committee has recommended 27 sections to the constitution
basing its suggestions on recommendations of 11 subject committees.
The main committee has to prepare a draft of a constitution by 5 March.
But Acharya has sought extension of the deadline saying it has received only one of 11 reports of subject committees from the constituent assembly to prepare a draft basic law.
Leaders of major political parties have been saying publicly the
constitution may not be promulgated within the 28 May deadline.
They have suggested an extension of the deadline to avoid a political crisis.
The terms of the assembly and parliament will also end 28 May.
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Jamin Shah being buried Thursday

Kathmandu, 11 Feb.: Media tycoon Jamin Shah is being buried
Thursday five days after he was gunned down by two motorcyclists in
Lazimpat.
Shah’s son is arriving from the USA Thursday to attend the burial.
An Indian criminal gang has claimed responsibility saying Shah was shot
dead for alleged anti-India activities.
Government and police have come under fire for failure to protect citizens even at home.
Police have recovered an abandoned motorcycle used by assassins
to speed away from Lazimpat.
Journalists have condemned the murder while politicians and former
King Gyanendra have condoled Shah’s death.
Shah launched Nepal’s first satellite TV network.
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TRADE, COMMERCE, ECONOMY

India lifts ban on wheat export

Kathmandu, 11 Feb.: Following a good crop, India has lifted a ban on
wheat export to Nepal.
India has permitted the export of 50,000 tonnes, Supply Ministry said.
India slapped a ban in 2007.
The ban lift comes at a time when food prices are increasing amid shortage caused by a failed crop in.
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Shangrila Hotel bags hotel management award in Tibet

Kathmandu, 11 Feb.: Five-state Shangrila Hotel has won a contract to manage a five-star hotel in neighbouring China, Nagarik reports.
A management contract has been signed to entirely manage the hotel in Tibet’s Linchi province.
The hotel is presently under construction.
‘This is possibly the first success in Nepali hotel industry,” Senior General Manager Raju Bikram Shah told Nagarik.
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Commercial banks record increased profits in Q2

Kathmandu, 11 Feb.: Standard Chartered Bank Nepal Ltd recorded
a Rs512.9 million net profit in Q2 of the current fiscal year ending 14 January.
The bank recorded a Rs 484.7 million net profit in the corresponding period the previous year.
Everest Bank Ltd recorded a net Rs 383.7 million in Q2 2010/11 compared to Rs 289.5 million in the corresponding time the pervious year.
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ADBL going public to raise Rs 960 million

Kathmandu, 11 Feb.: Agriculture Development Bank Ltd (ADBL) is going public to raise Rs 960 million in the biggest initial public offering.
Securities Board of Nepal is to okay the offer.
Ace Development Bank will manage the issue.
The government has a 55.86 percent state in the bank.
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Chinese President Hu may come

Kathmandu, 11 Feb.: Chinese President Hu iIntao or Prime
Minister Wen Jiabao is likely to visit Nepal in the next couple of
months in a bid to address Nepal’s call for a high-level bilateral visit, The Kathmandu Post reports.
‘The high-level visit from China was scheduled to convene earlier,
but both sides could not set the mutually agreeable date. I believe
a high-level Chinese visit will happen this year,” Tanka Karki, Nepali
envoy to China, told Post over telephone.
China had recommended arranging the visit on September, but it is up to Nepal to confirm the date, said sources.
Ambassador Karki pointed out that President Dr Ram Baran Yadav’s
China visit is also on the cards as he has a standing invitation to
Attend the Shanghai Expo-2010.
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MEDIA GOOGLE

“Just as disqualified combatants deserted camps, similarly 40 percent combatants [in camps and cantonments] have left. Maoists are delaying integration to embezzle money of the combatants.”

(PM Madhav Kumar Nepal, Nagarik, 11 Feb.)

“In the last one year people have been killed. Against whom has action been taken? Was action taken when a CDO was assaulted in office? Was any action taken when a LDO was abused? When action isn’t taken such incidents will escalate. Police have been weakened’ they can’t freely even use powers that have been delegated.”

(Former IGP Achyut Krishna Kharel, Ghatana ra Bichar, 11 Feb.)

‘The deadline for the promulgation of the new constitution can be
extended by two months if the political parties agreed on the issue.”

(Deputy Prime Minister Sujata Koirala, The Rising Nepal, 11 Feb.)
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