South Asian Business news and information

When I started blogging in March 2006, King Gyanendra was the most powerful man in the country. There was a popular movement to restore democracy and the King had to give in. Parliament was restored. There was a demand for turning Nepal in to a republic by abolishing monarchy. Now, all the major political parties have agreed to do so and monarchy will be abolished very soon.

Times Online wrote:

King Gyanendra of Nepal was stripped of his powers last night after the country's provisional parliament voted to abolish the 239-year-old monarchy

He will remain in his palace until early next year, when the decision will be rubber-stamped by a newly elected assembly that will establish Nepal as a democratic federal republic.

After that the King will be forced to move to his private residence to live as a private citizen — the culmination of six years of self-destruction by the Nepalese monarchy.

King Gyanendra was never popular but he managed to get the supports of influential groups in Nepal. That is why; he managed to hold on to power until now. Another matter is the opposition parties could never become united. They are still not united but they have reached to a common decision about the abolishment of monarchy.

What next for Nepal?