South Asian Business news and information

Nepal government has released 110 million dollar for the management of the cantonments of the Maoist rebels. Nepal’s Prime Minister, Girija Prasad Koirala, in a meeting, gave necessary orders to release the amount. I am quoting from the report published in nepalnews.com:

The government has released additional Rs 110 million for the management of the cantonments of the Maoists.

This is the third installment of budget released by the government for the rebels. Earlier, the government had released Rs 70 million and Rs 100 million in the first and second installments, respectively.

According to Home Minister Krishna Sitaula, the Maoists had asked for Rs 280 million. "We had already released Rs 170 million and now we will immediately release the remaining Rs 110 million," he said.

Amik Sherchan, Nepal’s Deputy Prime Minister, said that 70 containers has been ordered by the government to restore the arms of Maoists from India. The containers will be transported to the cantonments. Government will further provide electricity, road access and other facilities to the cantonments.

In my previous post, I have written about government providing 1.4 million dollars to Maoists. The King of Nepal has waste so much money. Now, the government is spending this large amount of money to house Maoist rebels. Still in many places, Maoists are creating problems. This is very tragic. What about the normal people of Nepal. What about their sufferings and meeting their needs? Nepal is undergoing a serious economic loss. At this crucial moment both the government and other parties should work together to maintain peace or stability.

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