Breaking News
Nagaland Post Logo
You are here:  Skip Navigation LinksHome » Show story
Nepal crisis deepens as parties fail to name new PM
Kathmandu, Jul 11 (IANS):
Published on 11 Jul. 2010 11:18 PM IST
Print  Text Size

The crisis gripping Nepal since the fall of its first Maoist government in 2009 deepened Sunday with the parties continuing to trade charges and failing to name a new prime minister.
The 25 parliamentary parties need to come up with a new consensus government by Monday to replace the caretaker government of Prime Minister Madhav Kumar Nepal, who resigned July 30.
The new premier should have been named by July 6. However, as the bickering parties failed to reach an agreement, President Ram Baran Yadav agreed to extend the deadline to Monday. Now Nepal seems doomed to go round in circles with the major parties frittering away precious time without addressing national interests.
The Maoists, who want to return to power, angered the parties instead of seeking reconciliation as they unveiled their plan to take the halted peace process ahead.
The former guerrillas said they were ready to dismantle their youth wing, the Young Communist League, regarded as being their paramilitary organisation, as well as their guerrilla army with over 19,000 combatants. The Maoists are advocating that their People’s Liberation Army (PLA) be put under a special committee, that would decide how many fighters would join the national army.
They are seeking that each discharged guerrilla be given NRS 1 million to start a new life. Those who want to join the army should be inducted as per international recruitment norms.
In case the army is unwilling to accept the guerrillas, in their midst, the Maoists have proposed the creation of separate units comprising solely of Maoist combatants.
But the proposal was opposed fiercely by the ruling parties Sunday, who said it was unilateral and against the peace accord signed in 2006.
The prime minister is also accusing the Maoists of being responsible for the murder of a party cadre, Chhabi Karki, who was stabbed to death in eastern Okhaldhunga district Thursday.
Nepal asks India to lift 1,000-rupee note ban
Less than a fortnight after an Indian minister was detained in Nepal for carrying banned Indian currency notes, Nepal has reiterated its call to India’s banking transaction regulator to lift the prohibition.
Yubaraj Khatiwada, governor of Nepal Rastra Bank (NRB), the republic’s apex bank, has asked Reserve Bank of India (RBI) Governor D. Subbarao to lift the RBI ban on Rs.1,000 and Rs.500 Indian rupee notes in Nepal.
The ban came into effect more than a decade ago after a growing racket in fake Indian currency as well as suspected routing of money to fund terrorist activities through Nepal.
However, the NRB says that besides posing hardship to bonafide travellers from Nepal to India, the restriction is creating severe trouble for Indians coming to Nepal as well.
Most tourists and other Indian visitors to Nepal are unaware of the currency ban due to the lack of any dissemination of the information in India.
A case in point is the detention of Indian Minister Imkong L. Imchen last month.
Imchen, home minster of India’s Nagaland state, was held at the Tribhuvan International Airport in Kathmandu while returning to New Delhi after attending a wedding in the Nepali capital.
The minister was carrying nearly Rs.900,000 in banned Indian currency notes, unaware that anyone found in possession of the notes in Nepal was liable to be jailed or imprisoned for five years.
Just before the Imchen incident, Khatiwada had met Subbarao in Thimphu in Bhutan where both had gone to attend the 39th meeting of the Asian Clearing Union.
Khatiwada told journalists in Kathmandu this week that he had described the difficulties the ban was causing and asked the RBI chief to ask Indian authorities to lift the ban.
Besides the hardship suffered by individuals, both the governments of India and Nepal are losing money due to the ban.
Currently, Nepal has over Rs.30 million banned Indian currency notes seized from various individuals. There is also a large but unspecified amount being held in different courts of Nepal hearing currency regulation violation cases.
Nepal can only consign the money to incinerators since RBI has refused to take the money back. The Indian joint venture banks operating in Nepal have also refused to exchange the money, saying it would be illegal.

Comments:(0) Login or Register to post your Comment
(Available for registered users only)
More News