Posted by: Captain Haddock August 23, 2007
KING'S PALACES NATIONALISED !!
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The richest King of the poorest country hasn't lost much if you scratch the surface. "The committee has also decided to nationalize the Narayanhiti Royal Palace, Lamjung Durbar, Gorkha Durbar and Hanumandhoka Durbar. The meeting also decided to nationalize 1500 bighas of land owned by the royals. " That's peanuts. Those palaces were not very liquid assets - who could he have sold them to anyways? The government would prolly have gotten it back from the buyer in the unlikely event the King was able to sell it off. This has more political than economic ramifications for the King, who according to many people, remains one of the richest people in the country. Also, the Narayanhiti palace was built with taxpayers money and should never have been in the name of the King. I find that bit of information in the article to be odd, because I was under the impression that Narayanhiti was never under the Kings name even during the Panchayat era. If Narayanhiti was indeed under the name of the King, then this is a long over due correction and kudos to the government for it. The article does not mention who will administer those properties, but I read elsewhere there was a trust to be formed to do so. Also, from the the article, the government merely says that Narayanhiti, the one with most significance on the list, has been nationalized but the government has not given an eviction notice to the residents.For all the hullabaloo, the King can continue to live at Narayanhiti and get the government to pay for it. So I think this might just be a sop to mollify the republicans and anti-King forces. I think the government did not go far enough. Like with so many things in politics, in trying to please everyone and strike a compromise, the government might have pleased no one.
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