President intervenes as Nepal's cash crisis deepens
Published on Nov 19, 2012 5:28 PM
KATHMANDU (AFP) - Nepal's president on Monday gave warring political factions three days to avert a budget crisis that could leave 500,000 public workers unpaid, and also to agree a date for elections.
Nepal has not had a parliament or fully functioning government since June and the Maoist caretaker administration has failed to fulfil a pledge to arrange polls which were due this week.
The Himalayan country's opposition parties have said they will not agree on a new election date or support the budget without the resignation of Maoist Prime Minister Baburam Bhattarai.
Nepal has been surviving on emergency funds but they ran out last week.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!