Today's headlines read like a crime log. Here's the latest.
The Toran saga continues as the Apex court orders the government to hold off on promoting General Toran Jung Bahadur Singh, who has been accused of human rights violations, until at least January 10. The Himalayan Times reports:
A single bench of Chief Justice Anup Raj Sharma issued the order directing the government not to implement the decision of the government passed on December 24.The apex court told the government authorities…to attend the hearing on January 10 when it will decide whether or not to vacate the stay order.
The NA immediately hit back. The Himalayan Times again:
A high ranking NA official questioned the apex court ruling. "Since the decision has already been implemented, how could the apex court issue the stay order."
Yunus Ansari, son of ex-minister Salim Miya Ansari, has been implicated in a string of drug and fake currency rackets. The Kathmandu Post reports:
The revelation followed Ansari’s arrest along with his Nepali bodyguard and two Pakistani aides in possession of a large amount fake Indian currency and contraband brown sugar.“A preliminary investigation indicated that Ansari's contact was a notorious Pakistan-based smuggler, who, along with two Pakistani henchmen brought in fake currency and drugs,” said Superintendent of Police Ganesh K.C.
Acting on a tip-off, a special police team on Friday raided Ansari’s secret hideout and impounded fake Indian currency amounting to IRs. 2.54 million in IRs. 1,000 and 500 denominations. The notes were hidden in false bottoms of suitcases which were to be sent to India.
So far, blame for the liquidity crunch has been pinned on the NRB, sloppy banking, and a sensationalist media. Missing from this list, allegedly, are depositors. The inter-bank lending rate soared to a record 14 per cent, in part because a few depositors have bargained for higher rates. Republica reports:
Bankers told myrepublica.com that major institutional depositors are bargaining with the aspirant banks for higher interest rates by withholding renewals. Apart from other long-running reasons for liquidity crunch, ´deliberate reluctance´ by big depositors is the latest factor that fueled liquidity crunch, said a banker."They are using a strategy of securing higher interest rates by delaying renewal of their deposits currently kept in the banks, which are hard hit by the ongoing liquidity crunch," he added.
So, here's a warning to you all: stay on the right side of the law!
