टेलिकमको सेयर

देशकै सबैभन्दा बढी नाफा गर्ने कम्पनी नेपाल टेलिकमको सेयर किन्न लगानीकर्ताले चासो नदेखाएर चिसो प्रतिक्रिया दिए । कुल पु“जीको ४० प्रतिशतभन्दा बढी नाफा गर्ने यो कम्पनीको सेयर बिक्री नहुनु पु“जी बजारका लागि असामान्य घटना बन्यो । केही साताअघि मात्र सञ्चिति नोक्सान झन्डै ७ अर्ब रुपैया“ भएको कृषि विकास बैंकको सेयरका लागि मागभन्दा ४० गुना बढी निवेदन परेको थियो । सूचीकृत कम्पनीको सेयर कारोबार हुने दोस्रो बजार स्टार्न्र्डड चार्र्टर्ड बैंक नेपालको एक सय रुपैया“ चुक्ता मूल्यको सेयर करिब ५ हजार रुपैया“मा कारोबार भइरहेको छ । वित्तीय अवस्था खराब भएका कम्पनीको समेत चुक्ता मूल्यभन्दा ४-५ गुना बढीमा किनबेच छ । सरकारले पनि यसलाई हेरेर बढी मूल्यमा सेयर बिक्री गरेर फाइदा उठाउने सोच बनाएको थियो । तर सेयर बजारप्रतिको विश्लेषण गलतसावित भएको छ । नागरिक लगानी कोषका बचतकर्ताले सेयर किन्न ऋण पाउने सुविधा दि“दासमेत न्यूनतम ४ अर्ब ५० करोड उठ्नुपर्नेमा करिब ३ अर्बको आवेदन पर्‍यो । सेयर बिक्री बन्द हुनुभन्दा तीन दिनअघिसम्म यो अंक करोडभित्र थियो । सेयर निष्कासनका क्रममा केही गल्ती भएका छन् । त्यसकै परिणाम हो यो ।

पहिलो गल्ती- ठूलो रकमको सेयर निष्कासनका लागि अनुपयुक्त समय चयन गरियो । सेयर निष्कासन भएको समयमा वित्तीय संस्थाहरू तरलताको अभावमा थिए । बैंकहरूले आपसी लेनदेनको ब्याजदर करिब ८ प्रतिशतसम्म पुगेको थियो । कृषि विकास बैंकको सेयरका लागि ५ अर्ब ७७ करोड रुपैया“को आवेदन परेको थियो । यो रकम फिर्ता नहु“दासम्म ठूलो रकमको सेयर बिक्रीका लागि बजारमा ल्याउनु हु“दैनथ्यो । सरकारले यो तथ्यलाई सही मूल्यांकन गर्न सकेन । बजारमा
तरलता अभावलाई सरकारले बेवास्ता गर्नु हु“दैन्थ्यो ।

दोस्रो गल्ती- सेयर बजार अकासिएको समयबाट फाइदा उठाउने सोच सरकारले थियो । सूचीकृत कम्पनीका सेयर कारोबार हुने नेपाल स्टक एक्सचेञ्जमा वित्तीय संस्थाको कारोबार मूल्य अकासिएको थियो । यसलाई आधार बनाएर सरकारले चुक्ता मूल्यभन्दा बढी प्रिमियममा सेयर बिक्री गर्ने निधो गर्‍यो । यसअनुसार सरकारले १ सय रुपैया“ चुक्ता मूल्यको सेयरका लागि न्यूनतम ६ सय रुपैया“ मूल्य तोक्यो । टेलिकमको बुक भ्यालु -किताबी मूल्य) २ सय १२ रुपैया“मात्र थियो । चालू वर्षो नाफालाई आधार मान्दा ६ सयमा सेयर किन्नेले करिब ७ प्रतिशत प्रतिफल पाउन सक्थे । सेयर किनेर राख्ने र बोनसमात्र खान चाहनेका लागि यो आकर्ष प्र्रतिफल थिएन । बैंकले हकप्रद र बोनस सेयर दिने आधारमा दोस्रो बजारमा मूल्य बढेको थियो । तर टेलिकममा यो सम्भावना थिएन । एक कित्ताका लागि न्यूनतम ६ सय तोकिएकाले यसमा जोखिम पनि थियो । न्यूनतम प्र्रिमियम मूल्य ६ सय रुपैया“ के आधारमा तोकियो - यसमा किन्दा किन फाइदा छ - यसबारे सरकारले प्रचार-प्रसार गर्न सकेन ।

तेस्रो गल्ती- सेयर किन्न चाहनेले न्यूनतम एक सय कित्ताका लागि आवेदन दिनुपर्ने प्रावधान पनि त्रुटिपर्ूण्ा थियो । यसका लागि न्यूनतम ६० हजार लगानी गर्नुपथ्र्यो । यही कारण सरकारले बढी आलोचना पनि भोग्नुपर्‍यो । अन्य कम्पनीले जस्तै न्यूनतम १० वा २० कित्तासम्म खरिद गर्न पाउने प्रावधान राखेको भए खरिदकर्ता धेरै हुने थिए । किन्न त“छाड-मछाड हुने गथ्र्यो । तर न्यूनतम १ सय कित्तँ तोकेर यो अवसर सरकारले गुमायो । यसबाहेक सरकारले यो सेयरमा अनावश्यक विवादको पनि सामना गर्नुपर्‍यो । कर्मचारीलाई ९० रुपैया“मा किन दिइयो यो मुख्य विवादको विषय बन्यो । ग्राहकलाई सेयर दिनुपर्ने अर्को विवाद जन्मियो । यस्ता विवादले लगानीकर्ता हच्किए ।

अब यो सेयरमा पैसा हाल्नेको के हुन्छ, अहिले यो धेरैले सोध्ने प्रश्न बनेको छ । सरकारले यसबारे छिटो निर्ण्र्ाागरेर लगानीकर्तालाई जानकारी दिनर्ुपर्छ । पर्याप्त रकमको आवेदन नपरेकाले न्यूनतम ६ सयमा किन्न निवेदन दिनेले पनि सेयर पाउने भएका छन् । बढाबढमा बढी रकम तोक्नेलाई भने नोक्सान हुनेछ । यो बजारको नियम हो । बढी मूल्य हाल्नेलाई सेयरमा लगानी गर्दा विचार पुर्‍याउनर्ुपर्छ भन्ने सवक पनि हो यो ।

- विजय घिमिरे

SOURCE: Kantipur Daily

INDIA won the CB Tri-series

India survived a valiant fightback from Australia to win a thrilling second Commonwealth Bank final by nine runs and claim the series 2-0.
Sachin Tendulkar made 91 in India's 258 for nine after winning the toss and batting, following his match-winning 117 not out in the first game at Sydney.
Praveen Kumar claimed four for 46, including the wickets of Adam Gilchrist (2) and Ricky Ponting (1) to have Australia reeling on eight for two, before the world champions took it down to the last over.
Irfan Pathan sealed the nine-run win, removing Nathan Bracken (1) and ending James Hopes' defiant 63-run innings in the space of four balls as Australia were bowled out for 249 in 49.4 overs.
Earlier on, off-spinner Harbhajan Singh had run out Matthew Hayden (55), before trapping Andrew Symonds leg-before (42) to bring to an end an 89-run fourth-wicket stand.
Hopes hit a six in the penultimate over, leaving Australia needing 14 runs from six balls to level the series and force a third match in Adelaide, only for Pathan to hold his nerve, taking his first wickets of the finals series to spark Indian jubilation.
Gilchrist's last international match ended disappointingly after just three balls when he feathered Kumar to wicket-keeper Mahendra Singh Dhoni.
Captain Ponting then mistimed a pull shot off the same bowler to mid-on two overs later to end his frustrating summer and have Australia reeling on eight for two.
Michael Clarke survived a confident appeal for lbw next ball, before Hayden was dropped by Dhoni diving in front of first slip after edging Sreesanth.
However, Kumar gained revenge when he bowled Clarke for 17 in the ninth over to have Australia in trouble at 32 for three.
Symonds and Hayden restored the innings with an 89-run partnership before both were dismissed in the space of just four deliveries.
Hayden was run out for 55 at the non-striker's end after a mix-up when Symonds prodded forward and looked to take a single.
Harbhajan trapped Symonds lbw and Australia slipped from 121 for three to 123 for five.
Mike Hussey (44) and Hopes put on 76 for the sixth wicket to lift the total to 199 in the 42nd over before Hussey got a feint under edge to Sreesanth and was caught behind.
"All credit has to go the Indians for the way they played over the last week, they deserve the trophy," said Ponting, who put down a difficult chance when Tendulkar was on seven.
Tendulkar shared a 94-run opening stand with Robin Uthappa (30) and a 54-run partnership for the third wicket with Yuvraj Singh, who returned to form with 38 from 33 balls.
But he was out nine runs short of what would have been a 43rd ODI century when Ponting held a diving catch at short mid-on off Clarke's bowling.
The Australian pacemen had difficulty containing the Indian top order on a pitch ideally suited to batting, with Ponting relying on part-timer Clarke for 10 overs, and he returned figures of three for 52.
Bracken hit back in his last two overs, removing Irfan Pathan (12) and skipper Mahendra Singh Dhoni (36) in the 48th over and Praveen Kumar (7) in the last to finish with figures of three for 31.
SOURCE:ICC

Biography of BILL CLINTON (William Jefferson Clinton)

Bill Clinton was born William Jefferson Blythe III on August 19, 1946, in Hope, Arkansas. His father, an automobile-parts salesman, died in a car accident three months before Bill was born. His mother, Virginia Cassidy, married Roger Clinton, an automobile dealer, when Bill was seven years old. The family moved to Hot Springs, Arkansas, where Bill and his younger half brother, Roger, Jr., attended public schools. His mother often engaged Bill in political discussions and encouraged his ambitions. Growing up had its difficulties, however, because his stepfather was an alcoholic who sometimes beat his mother. Virginia and Roger eventually divorced but soon remarried, when Bill was 15. As a gesture Bill had his last name legally changed to Clinton.

Bill participated in many activities, including student government, at Hot Springs High School. In the summer of 1963 he was chosen to attend the American Legion Boys State, a government and leadership conference, in Little Rock, Arkansas. He was elected a senator and given the opportunity to go to Washington, D.C. where he shook hands with President John F. Kennedy. When Bill returned to Arkansas, politics became a pursuit from which he never wavered.

After high school, Clinton went to Georgetown University. While pursuing a Bachelor of Arts degree in International Studies he worked for Democratic Senator William Fulbright of Arkansas, the chairman of the Senate Foreign Relations Committee, who became an outspoken opponent of the Vietnam War. Clinton's own opposition to the war grew as he attended hearings and clipped newspapers.

Like his mentor, Fulbright, Clinton won a Rhodes scholarship to Oxford University. During his two years at Oxford Clinton's opposition to the Vietnam War came into conflict with his political aspirations. When he received a draft notice in 1969 he enrolled in the Army Reserve Officers Training Corps (ROTC) at the University of Arkansas Law School. He made himself available for the draft but was never called up because he received a high number in the draft lottery held that year.

In the fall of 1970 Clinton entered Yale Law School. While at Yale Clinton met Hillary Rodham, a Wellesley College graduate from suburban Chicago. Together they worked for George McGovern's presidential campaign in Texas during the summer and fall of 1972. The following year they graduated from law school. Clinton worked briefly in Washington, D.C., as a staff attorney for the House Judiciary Committee but soon moved back to Arkansas.

In 1974, Clinton entered his first political race. He felt that Republican Congressman John Paul Hammerschmidt, a strong supporter of President Nixon, was vulnerable in his reelection bid, and therefore decided to run against him. Clinton lost a surprisingly close race, holding Hammerschmidt to only 52 percent of the vote.

Clinton married Hillary Rodham in 1975. A year later he was elected Arkansas's attorney general. In 1978 Clinton decided to run for governor of Arkansas. He won the election against Republican State Chairman A. Lynn Lowe, receiving 63 percent of the vote to Lowe's 37 percent.
In an attempt to move Arkansas up from the bottom of the indexes of social and economic welfare he made economic growth and educational improvement top priorities of his administration. His administration was also noteworthy in Arkansas history for appointing women and minorities to cabinet-level jobs. Nevertheless, during his two-year term Clinton angered many voters. In 1980, the same year as daughter Chelsea was born, his reelection chances were damaged further by his handling of the Cuban refugee situation. Thousands of Cubans who had left or been expelled from their country were housed in Arkansas, and Clinton was unable to force the White House to make other states share the problems and costs of the operation. That November he was defeated by Republican Frank White, a political newcomer and businessman.

After this defeat, Clinton began to work for a law firm, but many observers believed that his political career was far from over. In 1982 he made a succesful bid to return to the governor's mansion; a residency he did not give up until he entered the White House in 1993.

On October 3, 1991, Clinton announced that he was a candidate for the presidency. His campaign was nearly sunk by charges of marital infidelity, published in tabloid newspapers, and of unethical conduct in legally avoiding the draft during the Vietnam War. The nickname "Slick Willie", given to him by an Arkansas journalist, was used by those critical of him. He survived, however, and on June 2, 1992, primary victories in six states gave him the necessary number of convention delegates. Shortly before the party convention in July Clinton chose Tennessee Senator Albert A. Gore, Jr., as his running mate.

The Democratic National Convention was held in New York City in mid-July. As soon as the convention was over Clinton and Gore headed west for a series of campaign bus trips reminiscent of the whistle-stop train trips of decades before. The strategy of identifying with middle-class America and emphasizing concern for jobs and health care paid off. On Tuesday, November 3, Clinton was elected president, and he took office on January 20, 1993. At the age of 46, he was one of the youngest men ever, and the first Democrat since the 1976 election, to be elected to the nation's highest office.

Clinton entered office with a wide-ranging agenda. He immediately appointed his wife to head a task force to deal with health-care reform to try to make health care available for all. By cutting federal spending, creating millions of new jobs, and reducing the deficit, he wanted to restore economic opportunity and security. And in order to make communities and schools more secure he enacted the Assault Weapons Ban as part of the Crime Bill.

In foreign policy, he failed to get a European consensus for action in the Bosnian civil war. However, he did help Israel and Jordan achieve an historic peace treaty and assisted in the creation of an accord between Israel and the Palestinians. Furthermore, he contributed to the cease-fire in Northern Ireland.

Latest update of UNMIN chopper crash

With deep sorrow, UNMIN is able to confirm the identities of the three Nepali UN personnel who died in the helicopter crash in Ramechhap district yesterday, after having notified the families of the deceased. Bhim Bahadur Gurung and Rabindra Khaniya were liaison officer and language assistant respectively with the UNMIN Arms Monitoring Office; Rajesh Maharjan was an UNMIN vehicle mechanic. Four international arms monitors died in the accident, from Gambia, Indonesia, the Republic of Korea and Sweden. The air crew, from a Russian company, comprised two Russians and one Belarussian.
The United Nations has notified the respective Permanent Missions of each of the countries of deceased UN international personnel, and they are in the process of contacting the families. An UNMIN team left Kathmandu by road last night and is now at the accident site. Investigation is primarily a matter for Nepal’s Civil Aviation Authority, with the participation of UNMIN and the aircraft company.
UNMIN is in the process of recovering the remains of the deceased so that they can be returned to Kathmandu at the earliest opportunity, and will make all necessary arrangements to ensure that the wishes of the families in this matter are facilitated.
“On behalf of the Secretary-General, I express my deepest condolences to the families of the deceased. They died while working to sustain peace in Nepal, and UNMIN will continue in the midst of this tragedy to apply its best efforts to this purpose,” said Ian Martin, Special Representative of the Secretary-General in Nepal.
SOURCE: UNMIN