UML POLITBURO MEETS AMID PARTY RIFT

UML POLITBURO MEETS SUNDAY

Kathmandu, 22 May: The politburo of the UML leading the majority communist government meets Sunday ahead of a central committee meeting.
The meetings were scheduled before Prime Minister Jhalanath Khanal flew for Turkey for his first foreign trip to lead the Nepali team to a conference of least developed countries,
The meet coincides with a deepening rift in the party where calls have been made for the resignation of Prime Minister Jhalanath Khanal.
Khanal, who is the also party chairman, has been charged by an influential section led by former Prime Minister Madhav Kumar Nepal and KP Sharma Oli for defying party directives to award the home ministry to Maoists.
Nepal/Oli faction is pushing closer ties with main opposition NC for a national government.
The review of the work of the three-month Khanal government, extension of the constituent assembly tenure and other current issues will be taken up.
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TRADE, COMMERCE, ECONOMY

NEPSE LOSES 4.39 POINTS LAST WEEK

Kathmandu, 22 May: Nepse lost 4.39 points at the end of four-day trading Thursday; here market was closed Tuesday for Buddha Jayanti
Trading closed at 349. 22 points on the opening say Sunday and closed at 344.83 points Thursday.
A slump in hydro power shares after announcement 20 MW Chileme Hydro Power Project was going public pulled down stock prices that gained the previous week.
Altogether 40,100 shares worth Rs. 8.82 million were traded
Shares of manufacturing and processing companies, hotels and commercial banks fell 5.71, 5.65 and 3.26 points respectively.
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MEDIA GOOGLE

‘Rashtriya Prajatantra Party-Nepal Chairman Kamal Thapa said on Saturday that the seven-point pact inked between CPN-UML Chairman and Prime Minister Jhala Nath Khanal and UCPN (Maoist) Chairman Pushpa Kamal Dahal was only an avatar of the 12-point agreement forged in New Delhi.”

(Report in The Kathmandu Post, 22 May)
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