Four injured in capital bomb explosion

Kathmandu, 8 June: Four persons were injured in a car bomb explosion at Bashundhara in the northern suburb Tuesday morning.
The powerful explosion shattered widow panes of nearby buildings.
Three suspects have been arrested.
Army bomb disposal unit defused a socket bomb from the vicinity.
An unknown Independent Armed Nepal Party took responsibility saying it opposed the one-year extension of the CA tenure 28 May.
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No parliament meet

By Bhola B Rana

Kathmandu, 8 June: Parliament didn’t meet as scheduled Tuesday for the annual budget session.
Government will fix new date for the parliament session by consulting political parties, government sources said,
The opening session after embattled Prime Minister Madhav Kumar Nepal held consultations held telephonic conversations with Speaker Subash Nemwang Monday evening.
The parliament is called after consultations between government and the speaker.
The postponement indicates the dilemma of the Nepal government whose
ouster has been demanded by the main opposition Maoists.
The government sought the postponement of parliament session even as it summoned it in consultation with the speaker..
Maoists earlier protested a decision to prorogue the winter session last week without consulting the main opposition.
Government sources parliament will now be summoned after consulting political parties.
Chairman Prachanda and Speaker Nemwang held consultations Tuesday after the Maoist chief returned to the capital Monday cutting short his retreat in Helambu.
Nemwang sought Maoist cooperation in implementing a three-point agreement and smooth running of parliament.
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TRADE, COMMERCE, ECONOMY

GDP next fiscal year could grow to 4.2 percent

Kathmandu, 8 June: Growth rate the next fiscal year could rise to 4.2 percent from 3 percent this fiscal year, World Bank predicted in a South Asia economic report released Monday.
“In the base case, the GDP is projected to grow by 3 percent in the fiscal year 2010.
“However, growth rate could climb up to four percent in the next fiscal year, and 4.2 percent and 4.5 percent in the fiscal years following that.
“In the high-case scenario growth could reach 5 percent by the fiscal year 2013, the bank said.
The bank said the growth rate of 5 percent could b achieved with political stability in the next fiscal year.
Inflation the current fiscal year stood at 11.6
The bank reported low business confidence,
“..low business confidence due to unending law and order problems, extortion, strikes and lack of security, is causing the industry and commerce to contract.”


MEDIA GOOGLE

“Talks have been conclusive; we won’t leave the jungle; you won’t vacate the chair.”

(A Raute tells PM Nepal offering a present, cartoon in Nagarik, 8 June)
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