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CP GAJUREL FORCED ELECTION NOT GOOD

Kathmandu,  19 Aug : CPN-Maoist Vice Chairman CP Gajurel has warned that forced election would push the country towards conflict, RSS reports from Janakpurdham.

Speaking at a programme in Janakpur today, leader Gajurel said his party was not against the Constituent Assembly election. "But, boycotting the election is our compulsion," he added.

On different note, he said the first CA was dissolved as the then Dispute Resolution Subcommittee headed by UCPN (Maoist) Chairman Pushpa Kamal Dahal did not discuss on the contentious issues.

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ALLEGED RAPIST ARRESTED

Kathmandu, 19 Aug . Police have arrested a person, out of five accused, on the charge of raping a girl in Dhading district, RSS reports from Dhading. . The arrested is Kumar Tamang, 17, of Damechour of Tasarpu VDC in the district.An 11-year girl was raped on August 16 while she was returning home from water mill. Police Inspector Basudev Thapa informed that search for the remaining four persons is underway on the basis of complaint filed by the victim. nnnn
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NEPAL SAYS DON’T SIDELINE CPN MAOIST

Kathmandu,  19 Aug.:   Senior leader of the CPN (UML), Madhav Kumar Nepal, has said that it was a great weakness to put the CPN-Maoist with around 92 former lawmakers, in the fifth position among parties, RSS reports from Pokhara.

At a news conference organised by the Press Chautari Nepal, Kaski, here today, Nepal admitted that the date of the election for the Constituent Assembly (CA) was declared, ordinance on removing difficulties was issued and understanding reached without neglecting one of the main powers.

Stating that CA election on November 19 was guaranteed after consensus was forged with the alliance that includes the Madhesi Janadhikar Forum-Nepal, he stressed that all should be united to hold the second CA election as national agenda is always above the party.

The former Prime Minister also warned that no party could move ahead in political mainstream if it loses democratic identity by not participating in the election.

He added that the High-Level Political Committee (HLPC) has decided to forge consensus on the disputed issues within six months after the election and to promulgate a new constitution within one year.

Nepal also informed that an understanding was reached to finalize the disputed issues through referendum if disputed issues were not resolved through voting process.

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IN AT NEW LOW

Kathmandu, 19 Aug:  India´s rupee hit a new low and shares slipped another 1.3 percent on Monday on growing fears about the country´s slowing economy and the government´s ability to stem a deepening economic crisis, AFP reports from Mumbai.. The rupee, now Asia´s worst-performing major currency this year, fell to 62.35 rupees to the dollar, past its previous low of 62.03 on August 16. Indian shares, which fell nearly four percent on Friday, plunged another 1.30 percent to 18,356.54 points with nervousness setting in over the future of the currency as foreign investors pull out cash. Dealers said they feared the rupee could weaken further on concerns that central bank measures taken over the past three months would not help the ailing currency. At Monday´s new low, the rupee has fallen nearly 14 percent against the dollar this year, outstripping the yen in its tumble. Last Wednesday, in the latest of a series of measures to prop up the currency, India´s central bank spooked investors when it tightened controls on the amount of money Indian firms and individuals can send abroad. The move has been criticised as a disturbing throwback to the days before India unleashed its economic liberalisation drive in the early 1990s when Indians´ access to foreign exchange was strictly limited. In the past few weeks, Indian policymakers have hiked short-term interest rates, announced plans to allow state firms to raise foreign funds abroad, and curbed gold imports. Emerging market currencies have been hit by the prospect of the United States rolling back stimulus measures that have been responsible for huge inflows of foreign investment into them. India relies on foreign capital to fund a large current account deficit. Sonam Udasi of IDBI Capital Markets said: "For all investors, growth remains the most critical issue. Until that gets back on track, the nervousness will remain." India´s growth has slackened sharply to a decade-low of 5.0 percent in the year to March amid a sharp slowdown in industrial activity. Since June 1, overseas funds have pulled out $11.58 billion from India´s stock and debt markets.
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