On June 29, 2010, Nepalese President, Ram Baran Yadav, as per Prime Minister Madhav Kumar
Speaker Subas Chandra told the Prime Minister to convene the budget session in the first week of June but it was deferred in the hope that the three parties would reach a consensus. Then the Prime Minister told the Speaker and the President to fix a suitable date for the budget session. The current fiscal year will end on July 16, 2010.
Normally, the President of the country presents the policies and programs taken up by the government. This is followed by the budget estimates and vote on account Bill.
The Himalayan Times reported that Speaker Subas Chandra and Prime Minister had a meeting where they discussed about the budget session. Constituent Assembly Chairman, Subhash Nembang, told the reporters that the two discussed about the budget session and the implementation of the agreement reached among three parties on May 28, 2010. The agreement says that the PM would step down immediately once the parties agree on implementing the remaining tasks of peace process and various issues related to the new constitution.
However the Unified Communist Party of Nepal (Maoist) (UCPN-M) said that the government decision to call the session was unilateral and “against the interim constitution” which would initiate further confrontation in the Parliament.