Nepal seems headed for a crisis with the much-expected meeting of the three main political parties failing to forge a consensus on extending tenure of the Constituent Assembly on Friday evening.
The meeting between the ruling Nepali Congress and CPN (UML) and the opposition Maoists failed as both factions stuck to their previous demands. They have agreed, however, to meet again on Thursday.
While the Maoists sought resignation of Prime Minister Madhav Kumar Nepal as condition to support extension of the CA tenure the ruling parties refused and asked the main opposition party to agree on contentious issues like integration of former Maoist rebels first.
"The ruling parties are pushing the country to the brink of confrontation and a conspiracy is being hatched to derail the peace process," said UCPN (Maoist) vice chairman Narayan Kaji Shrestha after the meeting.
The tenure of the Constituent Assembly expires on May 28 and there is no possibility of the new constitution getting promulgated on time.
Sensing the looming political crisis, President Ram Baran Yadav has called leaders of all three major parties for a meeting at his residence on Thursday morning.