Political parties, which pledged during the second Constituent Assembly elections, have set January 22 as deadline to draft the Constitution so as to institutionalize the achievements of the Peoples Movement of 2006.
"All are hopeful that the parties would not miss the opportunity this time and would be able to draft the Constitution on the stipulated time," the President said in his message delivered to the nation on Vijaya Dashami today.
"I am confident that this time around the country and the countrymen would not be disappointed," he said.
"Festivals and religious rituals that occur frequently throughout the year are the unique cultural heritages of Nepal which function as the cords that bring the individuals, families, society and the nation closer," he added.
Prime Minister Sushil Koirala in his message expressed belief that Nepalies would extend cooperation towards fulfilling the historic responsibility of writing a new Constitution that secures the future of Nepal and its people.
He stressed on issuing a democratic Constitution within the set time to create jobs, building opportunities for investment within the country and to make all the Nepali citizens qualified, capable, happy and prosperous.
Koirala also expressed his commitment to transform the country into a strong nation by means of mutual understanding, collaboration, unity and conciliation among the political parties.
Meanwhile, President Yadav has freed 469 prisoners at the recommendations of the council of ministers on the occasion of Vijaya Dashami as per the Article 151 of the Interim Constitution of Nepal, a statement by the President's Office said.
Political instability has plagued Nepal since the end of the civil war in 2006.
Politicians have yet to agree on a new Constitution – a key part of the peace deal with the Maoists - and are at odds over proposals to divide Nepal into states, along ethnic lines.