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Archive for November, 2010


Budget announced

Finance Minister Surendra Pandey unveiled a Rs 337.9 billion budget for the current fiscal year on Saturday. The budget was announced through an ordinance at the National Planning Commission Hall in the presence of the prime minister, cabinet ministers, senior government officials, leaders of ruling parties and economists, but representatives of the opposition were not […]

Budget through an ordinance

The cabinet meeting held early Saturday decided to present the budget though an ordinance as the Maoists did not let the government do so on Friday. An emergency meeting of the cabinet that concluded at 2am Saturday, decided to bring the budget through an ordinance. The Prime Minister met the president immediately after the meeting […]

No budget today

The opposition UCPN (Maoist) prevented the finance minister Surendra Pandey from presenting the budget on Friday. Maoist CA members snatched away the budget briefcase from minister Pandey as he was going to the dais to present the budget in parliament. The Maoist CA members roughed up the minister and some UML leaders during the tug-o-war […]

Taskforce meeting inconclusive

The High Level Taskforce, formed to resolve contentious issues pertaining to constitution drafting, could not decide on land reform and the provision on land ceiling as the political parties refused to be flexible in today’s meeting. While the Unified CPN (Maoist) proposed that no compensation should be given for the land crossing the limit of […]


Top leaders of the big three parties tentatively agreed to pass the budget and defer the prime ministerial election. In the third round of closed door negotiations on power sharing and the peace process on Monday, top leaders of the three parties formed a committee of former finance ministers Baburam Bhattarai, Ram Sharan Mahat and […]

Round 17

Following the verdict of the Supreme Court on Wednesday, the prime ministerial election slated for today is facing uncertainty. Saying it is unwise to conduct futile rounds of elections, the Supreme Court has offered three options to end the present deadlock: 1. Declaration of Nepali Congress candidate Ram Chandra Poudel as the new prime minister; […]

Budget on 19 November

A meeting of the ruling coalition of 18 parties at Prime Minister Nepal’s residence today gave the green signal to the presentation of the new budget on 19 November. The new budget will most likely give continuation to current programs rather than new development programs. CPN-UML leader Bharat Mohan Adhikari, attending the meeting presided over […]