JSP Nepal to give vote of confidence to PM Oli

The Janata Samajbadi Party (JSP) Nepal has decided to give a vote of confidence to Prime Minister KP Sharma Oli.

JSP Nepal's Spokesperson Manish Kumar Suman said that his party had already supported the present government, so it would vote for PM Oli in the trust vote.

"JSP Nepal will give a vote of confidence to PM Oli. The Parliamentary Party meeting will make an official decision in this regard tomorrow or the day after tomorrow," he informed.

CPN-UML Chairman Oli, who was appointed as the PM in accordance with Article 76 (2), is scheduled to seek a vote of confidence on Sunday.

Oli was appointed the PM with the backing of largest political party in the Parliament, Nepali Congress, after Maoist Center Chairman, the outgoing PM, Pushpa Kamal Dahal failed to secure a trust motion in the House of Representatives meeting last Friday.

 

Nepal is in priority under 'neighbors first' policy: Indian PM Modi

Indian Prime Minister Narendra Modi has congratulated newly-appointed Prime Minister KP Sharma Oli.

In a congratulatory message sent to PM Oli today, the Indian Prime Minister expressed the confidence that there will be more coordination and collaboration between the two countries.

Prime Minister Modi stated in the message that a strong bond of friendship subsists between the citizens of the two countries due to the centuries-old culture and civilization and the open border they share.

Noting that the two countries have made a significant progress in connectivity and energy, among other sectors, in recent times, the Indian Prime Minister urged his Nepali counterpart for partnership and collaboration in the overall development of both.

"Nepal remains a special and priority partner under India's 'neighbors first' policy. There is a commitment to remain an unwavering partner for achieving economic development as well as prosperity of Nepal, strengthening the partnership on matters of our mutual benefit and charting out a new path," the Indian Prime Minister said in his congratulatory message.

He further said: "Our bilateral partnership will rise further and we are willing to work closely for fulfilling the aspirations of the peoples of the two countries with assurances of collaboration."

The Indian Prime Minister expressed the belief that ties between the two friendly nations will be further strengthened and the collaboration moved ahead in the positive direction by the leadership and experience of the newly-appointed Prime Minister Oli.

US Ambassador calls on Foreign Minister Deuba

US Ambassador to Nepal Dean R. Thompson paid a courtesy call on Foreign Minister Arzu Rana Deuba at the latter's office in Singha Durbar on Friday.

Various aspects of Nepal-US relations including development cooperation, mutual benefit and partnership were discussed on the occasion, according to the Ministry of Foreign Affairs.

 

Monetary policy should be flexible to make economy dynamic: PM Oli

Prime Minister KP Sharma Oli has asserted that the new government was formed to resolve problems surfaced in the country and to make some changes.

During the discussion with office-bearers of the Confederation of Nepalese Industries (CNI) today, Prime Minister Oli clarified that he did not take the responsibility of the Prime Minister this time just for the sake of it as he had already become the Prime Minister.

He mentioned, "The main objective of the incumbent government is to resolve the existing problems and to strengthen the country's economy. I became the Prime Minister this time with the determination to resolve the problems and to make some changes in the country, and not only for the post. So, the private sector should work together with the government believing it."

Expressing the view that tax rate should not be changed at the behest of someone and the private sector should protest against wrong policies, the Prime Minister stressed that the monetary policy should be flexible to make the economy dynamic.

On the occasion, CNI president Rajesh Kumar Agrawal urged the government to work with high priority to lift up the economy which has slowed down since the last three years. Stating that although the external sector is encouraging, the domestic economy was still in problem as the productive and construction sectors have been affected the most, he stressed on the need of boosting the morale of the private sector.

The CNI President underscored on making the sluggish economy vibrant through monetary policy.

CNI former presidents Bishnu Kumar Agrawal, Satish Kumar Mor and Haribhakta Sharma, vice-presidents Nirvan Chaudhary, Birendra Raj Pandey, Raj Bahadur Shah, Amit Mor and Bhim Ghimire, and the governing council members Shiva Ratan Sharada, Yogeshwar Lal Shrestha and Bal Krishna Shrestha, among other officials, shared on the present condition of the economy and gave suggestions to the PM on ways of improving it.