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KATHMANDU: Nepal completed the formation of a national unity government on Tuesday to agree a long-delayed new constitution, the deputy prime minister said. The cross-party executive replaces the Maoist-led cabinet which resigned earlier this month after striking a deal with opposition groups to end six years of political deadlock following the nation's decade-long civil war. Leaders from the Nepali Congress and Madhesi Morcha parties had already agreed to join the new cabinet but the third largest party, Unified Marxist Leninist (UML), rejected the offer, saying it was against the "spirit of consensus." But the UML said Tuesday it would nominate ministers to join the new government after all in a move likely to speed up the protracted peace process. "We have received the names of two leaders from UML," deputy prime minister Narayan Kaji Shrestha told reporters. "They will be sworn in tomorrow," Maoist rebels fought the state in a conflict that ended in 2006 after ...

COLOMBO: Sri Lankan authorities are mulling a pardon for jailed former army chief and defeated presidential candidate Sarath Fonseka amid international calls for his release, an official said Tuesday. President Mahinda Rajapakse was likely to consider freeing Fonseka who is serving two jail terms over two separate cases -- one ordered by a military court martial and one by a civilian court, an official close to the president said. "A pardon could be issued around the time ...
NEW DELHI: Indian authorities are probing the country's top mobile phone company, Bharti Airtel, over allegations of money laundering, a minister said Tuesday, sending the company's shares plunging five percent. The country's directorate general of economic enforcement is carrying out the investigation, junior finance minister S.S. Palanimanickam told parliament. Palanimanickam said the enforcement directorate was investigating accusations of money laundering and violations of foreign exchange regulations. He gave no further details. A source close to the company told ...
DHAKA: Police fired rubber bullets and tear gas at thousands of Bangladeshi garment workers on Sunday during a second day of riots triggered by false reports that a man had been murdered by his employers. Police said at least 20 people were injured in the clashes at the Ashulia factory zone outside the capitalDhakaafter rumours spread that the worker, who had argued with factory managers, had disappeared and was feared dead. "At least 3,000 workers attacked police ...
DALOIPARA: Bangladesh can justly claim to be a nation born of language, but its status as a cradle of linguistic diversity is under threat from nationalist pride and economic growth. Of the more than 30 recognised languages spoken in Bangladesh, experts say 20 are now on the verge of extinction. Many like the Laleng language spoken by the 2,000-strong Patra tribe in the country's far northeast are inherently vulnerable, having no script and relying instead on a ...
NEW DELHI: With the banks deaf to his pleas for more money for his ailing airline and foreign investors yet to materialise, Indian liquor baron Vijay Mallya has turned to divine forces for assistance. The "King of Good Times", as the jet-setting billionaire is known in India, recently called in psychic guru Unnikrishna Panicker, who is said to be an expert at invoking the gods and seeking spiritual answers. Panicker, according to the Mumbai-based daily newspaper DNA, ...
KABUL: Two coalition soldiers were killed by men in Afghan police uniforms in southern Afghanistan Saturday, NATO's International Security Assistance Force said. "We are aware of the claims that the shooters were AUP (Afghan Uniformed Police); however, operational reports indicate these were insurgents dressed in AUP uniforms and not actual AUP," ISAF said in a statement. Copyright AFP (Agence France-Presse), 2012 ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln