Securities Board issues directives for stock brokers

BY A STAFF REPORTER

Kathmandu, Sept. 27: In order to regulate the transactions of securities, the Securities Board has issued directives for stockbrokers. With the issuance of the directives the security market can be expected to be more dynamic. Experts say that the directives will lead the security market towards new direction.

The new directives has been formulated under the Clause 35 A of Securities Exchange Act 2040 and 26 B of the Securities Exchange Regulations 2050 BS.

The directives have aimed to make the transactions of securities more transparent and reliable. On top of that the directives issued by the Board has also aimed to regulate the market in al systematic manner.

Under the directives role of investors and stockbrokers has been difined and interest of clinets have been guaranteed.

The Research and Planning Division of the Board has also issued annual programme for the year 2058-59.

‘Killing of UML worker heinous crime’

Kathmandu, Sept. 27 (RSS): Seven communist parties in a joint statement here today have expressed sorrow and serious concern over the brutal murder of CPN-UML worker in Jhenam-2 Rolpa Nimlal Rokka by armed guerrillas of the CPN-Maoists for not giving them food to eat.

Stating that the murder of a father of six children, member of a poor peasant family and communist worker is in itself a heinous crime, the statements says that the CPN-Maoists have on the one side called on various communist groups and requested a joint initiative while on other continuing autocratic, undemocratic and anti-populist acts across the nation like physical assaults on workers of various communist groups, forcible collection of donations and forcing resignations from elected post.

Such acts of the CPN-Maoist is a display of its unreliable, autocratic and anti-populist character, it is stated in the statement calling for an immediate halt to such anti-populist and criminal action.

The joint statement bears the signature of Hemanta Bahadur B.C. of CPN-United, Lok Narayan Subedi of CPN-Marxist, Sitaram Tamang of CPN-Malema, Trilochan Dhakal of CPN-ML, Pari Thapa of Rastriya Janamorcha, Govinda Singh Thapa of CPN-Masal and Raghu Panta of CPN-UML.

Special Hour
‘Govt showed good gesture by holding talks with Maoists’

BY A STAFF REPORTER

Kathmandu, Sept. 27: Nepali Congress General Secretary Sushil Koirala said that no government in the world had ever negotiated with the terrorists but the government of Nepal had shown the good-gesture by holding talks with the Maoists.

Speaking at the Special Hour of the House of the Representatives today, the NC lawmaker said that the Maoists should not miss this opportunity for a peaceful resolution of the Maoist problem. However, Koirala blamed the Maoists for not being sincere to the talks. "It is the Maoists who should take the responsibility if the government-Maoist talks fail," warned the NC strongman.

Koirala also thanked the Indian Minister for External Affairs Jaswant Singh for his support to the Nepalese government for ending the Maoists terrorism in Nepal.

"It is good intention of the Indian government towards Nepal," added Koirala.

Some days back, Indian foreign minister Singh had said that the Indian government opposes terrorism wherever it might be. "In Nepal, we openly opposed the Maoists," he had said in an interview given to Doordarshan TV of India.

Also speaking at today’s meeting, MPs from ruling as well as the opposition bench lambasted the Maoists’ forceful activities throughout the Kingdom.

NC’s Mahendra Kumar Yadav and Tarasam Yangya of CPN-UML said that the Maoists have been continuing with the activities of kidnapping, extortion and forceful collection of donation in the different parts of the country. They also demanded that the government immediately provide security to the people.

Meanwhile, in today’s meeting NC chief whip Tek Bahadur Chokhyal informed that the government would table the Bill on Women’s Property Right in the House of Representatives by coming Monday.

His statement had come after the UML MP Astalaxmi Shakya demanded that the government clarified about the reasons for not introducing the Bill in the House and also asked when the government would table it in the Parliament.

Since the last few days, women MPs from the ruling as well as opposition parties have been complaining for the delay in bringing the Bill in the House and have strongly demanded to table it immediately. Women MPs from UML had even warned the government to launch protest programmes within the House if the government does not bring it by last Tuesday.

Ramesh Lekhak, NC whip, drew the attention of the House for maintaining glory and dignity of the Parliament. Citing the slogans of the Nepal Sadhvabana Party MPs against the Speaker the other day, Lekhak said that such behaviour of the MPs violated the norms and value of the Parliament. He also demanded that the House of Representatives should pass a motion of regret against the above-mentioned act of the Sadhvabana MPs.

However, a host of Left MPs criticised the government’s decision to allow the United Stated to use Nepal’s land and air space for its air forces in connection with possible US attack in Afghanistan.

UML MPs Phatik Bahadur Thapa, Pashupati Chaulagai and Pradeep Gyawali flayed the government and demanded that the Speaker make a ruling to the government regarding Nepalese support to the United State. They viewed the government’s decision as undermining the non-aligned foreign policy by supporting one country against another one. "The government would have consulted with the main opposition party while taking decision on such a sensitive issue."

Lila Mani Pokharel of United People’s Front Nepal blamed the government of being an agent of the imperialists with its decision to allow US airforces to use Nepalese air space and facilities of refuelling.

Stating that the government was mulling to permit the US to station its army in Nepal, Pokharel claimed, "If Nepal allows for US base in Nepal, it will lead the country to the civil war."

"The deployment of US army in Nepal is the US strategy against China," doubted the Left MP.

MP asks govt to respect UN Charter

Kathmandu, Sept. 27 (RSS): CPN-UML’s Urbadutta Panta, speaking during special time at the National Assembly meeting today, said while expressing solidarity in the fight against terrorism we should not set aside the principle of Non-Alignment and the UN Charter, and the government should not invite foreign soldiers inside our territory.

He also expressed concern over the terming of Maoists as terrorists by India when His Majesty’s Government has already given them political recognition and has been making efforts to resolve the Maoist problem through negotiations.

RPP’s Balaram Ghartimagar said the state of law and order and peace in the country has been disturbed and the government should given attention to incidents of theft, dacoity, rape and the like carried out in the name of the Maoists.

CPN-UML’s Lal Bahadur Biswokarma, referring to the decision taken by the Rural Housing Company, to sell some 300 bigaha in housing plots in Banepa, Jhapa, Nawalparasi and other districts in order to provide remuneration to its employees, urged the government to give attention towards that.

Mahesh Mani Acharya Dixit, also of the same party, said the government should not think of suppressing the Maoists by inviting in American troops. The Nepal Army and police should be properly mobilised for the internal security of the country.

Meanwhile, the National Assembly today agreed to discuss the Appropriations Bill-2058 as proposed by Finance Minister Dr. Ram Sharan Mahat.

Earlier, replying to questions raised in course of general discussions on the proposal, the Finance Minister said an open market economy and privatisation alone can help generate employment opportunities and increase production and capital.

The National Assembly meets again at 2:00 p.m. tomorrow.

Paudel opens town council meet in Damauli

Tanahun, Sept.27 (RSS): Former Deputy Prime Minister and Nepali Congress central member Ram Chandra Paudel has said he had jumped into politics with a view to uplifting the condition of the poor and helpless people and he will continue to fight for this.

Paudel, inaugurating the 11th town council meeting of Vyas Municipality at Damauli today, noted that progressive tax can be imposed on property, but not ceiling. He also spoke of the need to provide for housing and food to the helpless people.

As regards the government-Maoist talks, there can be no discussions on Constitutional Monarchy and multiparty democracy, the NC leader said adding that the government wants to make the talks successful by becoming liberal to any types of demands that are likely to provide relief to the people from the Maoist side.

MP Tanka Kandel, former state minister Amarraj Kaini and others also spoke at the function.

Mayor of the Municipality Dhruba Wagle presented a budget of Rs 29.1 million on the occasion.

The function was chaired by senior member of the council Mandhwoj Rana.

Dr Mahat replies to queries

Kathmandu, Sept. 27 (RSS): Finance Minister Dr Ram Sharan Mahat, at the meeting of the special committee on the Foreign Exchange (second amendment) Bill-2001 here today, clarified the reason behind introduction of the bill and its objective.

Dr Mahat also replied to queries on the bill raised by members of the committee.

The meeting chaired by committee chairman Ram Chandra Bhattarai discussed at length the procedural issues concerning clause-wise discussions on the bill and also began the clause-wise discussions. Meanwhile, the House of Representatives passed the Value Added Tax (VAT) (first amendment) Bill-2058 today as proposed by Finance Minister Dr Ram Sharan Mahat.

Also today, Minister for Education and Sports Amod Prasad Upadhyaya tabled the National Education Commission Bill-2058 at the House of Representatives.

Likewise, chairman of the Parliamentary Finance Committee Smriti Narayan Chaudhari presented the Insurance (second amendment) Bill-2057, the Income Tax Bill-2058 and the Excise Duty Bill-2058 along with the committee report at the House of Representatives.

Chairman of the Parliamentary Law, Justice and Parliamentary Affairs Committee Mahendra Yadav presented the Parliament Secretariat Bill-2057 along with the committee report at the Lower House of Parliament.

The House of Representatives meets again at 11: 00 a.m. tomorrow.

Meanwhile, The women’s inheritance rights bill is to be introduced in the House of Representatives next week.

According to NC Parliamentary Party chief whip Tek Bahadur Chokhal, the bill currently under consideration in the Parliamentary Committee on Law and Justice, will be tabled at the Lower House meeting after its passage by the committee next week.