Kathamandu, July 22 : Dr. Ram Baran Yadav, who was elected as the first President of the Republic of Nepal, has said that his election as the head of the state is a victory of democracy.

Kathmandu, July 21 : Nepali Congress (NC) candidate Dr Ram Baran Yadav has become the first President of the Republic of Nepal.

According to Nepalnews, Dr. Yadav bagged 308 votes while his rival Ram Raja Prasad Singh, who was backed by the Maoists, ended up with 282 votes.

Yadav was backed by the CPN (UML), the Madhesi Janadhikar Forum, the CPN (ML), the Rastriya Prajatantra Party, the Nepal Workers and Peasants Party, CPN
(United), the Rastriya Janamorcha, the Rastriya Janashakti Party and a few other fringe parties.

Dr Yadav is also the General Secretary of Nepali Congress while Maoist candidate Singh is seen as veteran republican leader.

Kathmandu - Nepal's constituent assembly on Monday started voting in a run-off election to choose the country's first president. 

Voting began at 8 am (0215 GMT) with members queuing up to cast their ballot in a two-way contest between Maoist-backed Ramraja Prasad Singh and Nepali Congress candidate Ram Baran Yadav. 

Nepalese media predictions gave Yadav a slight edge in the voting. 

The election has split the two-and-a-half-year ruling alliance with the Maoists threatening to stay in opposition if their candidate loses. 

While the Maoists emerged as the biggest party in April's constituent assembly election, but with 220 seats, are well shot of a majority. 

Kathmandu, July 21 : The run-off election for the Nepal President began here today as none of the candidates who contested in first presidential elections on Saturday could get the minimum votes required to get elected.

Nepali Congress (NC) candidate Ram Baran Yadav, an ethnic Madhesi leader who was widely expected to win Presidential poll in the 594-member Constituent Assembly, fell short of 15 votes to attain the magic figure of 298 votes.

Kathmandu  and flash floods triggered by torrential monsoon rains across Nepal killed at least 11 people, media reports said Sunday.

In the worst incident, five people returning from work were killed when they were buried by landslide in Dhading district, just west of the Nepalese capital Kathmandu, Kantipur newspaper said.

At least four others were injured in the accident while another man was killed when he was swept by flooded river in the district.

Kathmandu, July 20 : In order to sail through the current acute shortage of petroleum products, the Nepal Government has decided to provide Rs 1 billion to state-owned Nepal Oil Corporation (NOC).

According to Nepalnews, the cabinet meeting on Saturday decided to give the money to the NOC, which has been demanding such subsidy to ensure smooth supply.

Consumers had been hit hard after the NOC was unable to supply even 20 percent of the required demand due to lack of money.

The stock of 70,000-kiloliter capacity of NOC has also dried up.