Nepal Govt decides to nationalise more of king's property

Kathmandu, Oct 8 (UNI)The Nepal government today decided to nationlalise more of King Gyanendra's property, in view of benefitting the nation.

Approving the report of a ministerial level committee formed to nationalise the king's property, a cabinet meeting today decided to accelerate the process by nationalising more of King's property, Kantipuronline reported.

The first ever cabinet meeting held after the postponement of elections also decided to establish a trust for the nationalised property and spend it for benefit of the nation.

On August 20, the cabinet had constituted a five-member committee led by Home Minister Krishna Prasad Sitaula to nationalise the late King Birendra's property and the property inherited by King Gyanendra by virtue of being a monarch.

As a result, the committee had nationalised the Narayanhiti Royal Palace, Lamjung Durbar, Gorkha Durbar and Hanumandhoka Durbar on August 23.

In the initial phase, altogether 11 plots of land - 754 ropanis in Narayanhiti and 779 ropanis in other palaces were nationalised.

UNI