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Maoists lead as Nepal vote counting nearing an end ... rebels have abandoned efforts to form the country's next government, reports say.
Their decision follows their failure on Monday to get the candidate they were supporting elected as first president of the new republic.
The Maoists were expected to lead the new government as they won most seats in April's elections to a new constituent assembly.
But they say they are being blocked by an alliance of rival parties.
"We have felt that amid the latest environment in the face of alliance of the three parties, we cannot be forming the government," Post Bahadur Bogati, a senior Maoist leader, was quoted as telling the Nepal FM radio station.
Correspondents say that a decision by the Maoists, who won one third of the assembly seats, to go into opposition will plunge Nepal into yet more political instability.
(BBC)
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