Nepal Today

Wednesday, February 24, 2010

Gas dealers stop distribution

Kathmandu, 25 Feb. Charging Nepal Oil Corporation (NOC) for failure to ensure adequate supply, LPG dealers Thursday stopped distribution inconveniencing people.
They charged concerned ministries for failure to take adequate measures to ensure regular supplies and warned the stoppage will be indefinite.
There’s a shortage after Indian Oil Corporation (IOC) failed to ensure adequate supply from a refinery in Haldia port in West Bengal.
Nepal’s monthly need is 15,000 tons.
The reduced supply of 8,000 tons wasn’t to hike gas prices although NOC was losing Rs 250 per cylinder in sale, an official said.

New education minister

Kathmandu, 25 Feb.: Prime Minister Madhav Kumar Nepal Wednesday administered the oath of office to Sarbendranath Sukla in the presence of President Dr Raam Baran Yadav.
Sukla replaced Ram Chandra Kushbaha, who was recalled by TMLP to facilitate investigation of corruption charges.
“I have been a victim of a planned conspiracy in the party, .I’ll raise the issue at the party general convention,” he said after his disgraceful exit from government.

Maoist central committee meet Thursday.

Kathmandu, 25 Feb.: Maoist central committee meets again Thursday after
deep differences on the expansion of the politburo and central committee.
Top party leaders have been accused of nepotism in making appointments.
The standing committee is meeting to recommend new names for the
expanded bodies.
Groups have emerged in the country’s biggest political party following
absorption of splinter communist groups.

Amid differences no cabinet meet Wednesday

Kathmandu, 25 Feb.: A cabinet meeting couldn’t be held Wednesday despite three attempts, Rajdhani reports.
Prime Minister Madhav Kumar Nepal has asked ministers not to leave the Valley to take important decisions.
There was no agreement on the appointment of a governor of Nepal Rashtra Bank and printing of machine readable passports (MRP).
A scheduled meeting at eight in the morning was rescheduled for three in the afternoon; two other attempts were made but differences persisted, .
The meeting was adjourned until Thursday after disagreement persisted.
PM Nepal had issued a whip to ministers to be ending the old regime


Investors continue stock exchange boycott

Kathmandu, 25 Feb.: There was no business transaction at Nepal
Stock Exchange for the fourth consecutive day Wednesday amid
boycott of investors demanding government and central bank
intervention to stop a persisting bearish trend.
Investors have pressed 22 demands
Three umbrella organizations of investors Wednesday decided to continue boycott of the country’s only stock exchange indefinitely.
Thursday is the last day of weekly five-day trading
Investors closed down the server of the sock exchange for three
hours Wednesday.
Investors boycotted the stock exchange for the first time; stock brokers had
intervened twice before.

ADBL going public 14 April

Kathmandu, 25 Feb.: In the biggest share issue, Agriculture Development Bank LTD (ADBL) is going public 14 April to raise Rs 960 million.
Ace Development Bank will manage the issue.
Government has 55percent stake in the bank.
Manakamana Development Bank is going public Thursday to raise
Rs 300 million with each share’s par value at Rs 100 after which the bank’s paid-up capital will be Rs 1 billion.
In a unique scheme, the bank will import 6,000 jersey cows from
China and distribute them to farmers through cooperatives to increase milk supply and farmer income.

Depositors of bank being refunded

Kathmandu, 25 Feb. Liquidators Wednesday started refunding depositors of Nepal Bikash Bank up to Rs 800,000.
Nearly 300 depositors were refunded the first day.
There are 800 depositors with Rs 800,000 in the bank; they will get lback 98 percent of their deposit.

Bhutanese Maoists contact China

By Bhola B Rana

Kathmandu, 25 Feb.: It’s learnt Bhutan Communist Party (Maoist), so far
dormant but which has started an armed struggle, has attempted
to make contacts with officials of the Chinese embassy here,
Ghatana ra Bichar reports.
Chinese embassy source told the newspaper the party attempted to
make contact two weeks ago.
Taking a queue from Nepal’s Maoists, they attempted to topple the Wangchuk regime in Bhutan and have started a movement.
Embassy source said no direct contact has been made although
indirect link has been established.
The party has two groups led by Bikalpa and Birat.
Bhutanese Maoists have good contacts with Nepalese counterparts.

KP Oli’s car forcibly taken by police

Kathmandu, 25 Feb: Police Tuesday night forcible took away the
car of UML influential leader KP Sharma Oli from the premises of Nepal Electricity Authority (NEA), Kantipur reports.
A contingent of 20 to 25 policemen took away the car when employees weren’t in the premises.
Employees in the afternoon had deflated all our wheels.

Finance ministry refuses to approve medical expense of Girija

Kathmandu, 25 Feb. Finance ministry has refused to approve the medical expense of former Prime Minister Girija Prasad Koirala, Nagarik reports.
Foreign ministry has failed to present supporting documents like
expenses for treatment.
Foreign ministry has asked for the release of Rs 16 million three months after Koirala returned from Singapore.
Finance ministry hasn’t released the money fearing corruption charges without supporting documents.

Four arrested following infant’s deaths

Kathmandu, 25 Feb.: Keshab BK 15, a student at Prabananda Ashraam, confessed to police Rupesh Giri, 6, died after his beating, Nagarik reports.
He is in police custody.
Atma Sudananda, the ashram’s manager director, and Sharan Koirala, an employee, have been arrested on the basis of the confession.
The nursery student died three hours before being rushed to hospital.
Altogether four persons have been arrested.


“The final blow has to be given crushing to the old regime
without which people’s rule isn’t possible.”

(Chairman Prachanda, Janadisha, 25 Feb.)

“HLPM is a night club of three leaders of three big parties.”

(NMKP Chairman Narayanman Bijukakchaya, Annapurna Post, 25 Feb.)


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