26 results for "Finance Minister"
Finance Minister Dr. Swarnim Wagle has departed for Bangkok, Thailand, to attend the World Bank Group and International Monetary Fund (IMF) Annual Meetings, scheduled for October 12–18. He is expected to participate in more than 16 bilateral and multilateral engagements focused on Nepal's economic priorities, development financing and international cooperation.
Finance Minister Swarnim Wagle has arrived in Washington, DC, where he is scheduled to meet US Treasury Secretary Scott Bessent and World Bank Group President Ajay Banga to discuss Nepal’s economic cooperation, reconstruction and reforms.
UN Backed Loss And Damage Fund Responds To Nepal’s Emergency Request After Devastating Bhote Koshi Flood, Moves Support Process Forward For Relief, Rehabilitation And Climate Disaster Recovery
A new US-based system allows people around the world to donate cryptocurrency to Nepal’s disaster relief fund by converting digital assets into US dollars outside Nepal before sending the money through the formal banking system.
Nepal registers a new Payment and Settlement Bill to modernize digital payments, strengthen customer protection and allow qualified foreign payment providers to operate under Nepal Rastra Bank rules.
Nepal has temporarily suspended the Lakhpati taxpayer lottery as the government focuses on rescue, relief and recovery following the devastating Rasuwa flood. The scheme was designed to encourage consumers to demand genuine PAN or VAT bills and improve tax compliance, while disaster response has now become the immediate national priority.
Prime Minister Balen Shah has presented Parliament with a detailed account of the government’s response following the August 26 Bhote Koshi flood, including helicopter rescues, free treatment, relief funding, evacuation, road restoration and emergency coordination. The government also allocated additional disaster funds, declared affected local levels crisis zones for three months and continued coordinating with provincial, local and international partners as rescue and recovery operations continued.
Nepal’s taxpayer reward scheme is encouraging more consumers to ask for official bills, while complaints against businesses refusing to issue bills have increased, according to the Inland Revenue Department.
Prime Minister Balendra Shah signed performance agreements with ministers at Singha Durbar on August 19, setting key work and expected results for the current fiscal year around good governance, social justice and prosperity. The move puts ministers under clearer performance commitments as the government seeks more measurable results and stronger accountability.
Finance Minister Swarnim Wagle says Nepal must increase domestic revenue, expand the tax base and reduce dependence on loans under the Rs 2.124 trillion budget.
Finance Minister Swarnim Wagle has called for amendments to the Nepal Rastra Bank Act to make the central bank more proactive and accountable, while supporting a seven member board, two deputy governors and wider expert representation.
Finance Minister Dr. Swarnim Wagle has assured industrialists that the government is ready to review taxes and customs duties on raw materials and finished goods as part of a wider economic reform push.
Rastriya Prajatantra Party (RPP) lawmaker Gyanendra Shahi has accused Finance Minister Swarnim Wagle of adopting economic policies that have contributed to Nepal's prolonged stock market decline. Shahi claimed that investors have collectively lost around Rs 2.15 kharba since Falgun and urged the government to take immediate action.
Finance Minister Dr Swarnim Wagle has assured Nepalis living abroad that the government remains committed to protecting their connection with Nepal. He invited the diaspora to contribute knowledge, capital and international networks to the country’s economic development.
Nepal’s Cabinet has withdrawn the three percent equity fees imposed on private education and healthcare services after strong public criticism that the charges would increase costs for students, parents and patients. Taxes collected after the measure took effect on July 17 will be refunded within 50 days, although the government has not yet publicly explained the detailed claim process.
The Secretariat of Finance Minister Dr. Swarnim Wagle has warned investors not to believe sponsored rumors surrounding Nepal's stock market, saying false claims about arrests and investigations are being deliberately spread to create panic. It also stated that authorities are moving ahead with market reform measures and that those attempting to manipulate investor sentiment or destabilize the market could face investigation.
Electricity bills across Nepal are set to increase from Shrawan 1 as the government starts implementing a new VAT policy. Household consumers using more than 50 units will pay 5% VAT on excess consumption, while commercial, industrial and institutional users will face a 13% VAT.
Nepal has proposed GPS tracking for passenger and goods transport vehicles to improve monitoring, tax compliance, and the movement of commercial goods
NepaConnect, Nepal Government's secure messaging app, appears on Google Play Store with encrypted chat, Shinga AI, NepaCloud, and official collaboration tools.
CPN-UML Vice President Bishnu Prasad Poudel has been arrested in Surkhet in connection with a money laundering investigation linked to alleged suspicious assets and share transactions.
Finance Minister Dr Swarnim Wagle has denied allegations of EV tax information leakage, saying he will quit public life if any misuse is proven as authorities investigate BYD vehicle imports and customs clearance.
Nepal Budget 2083/84 has increased the income tax relief limit from Rs 5 lakh to Rs 10 lakh. Finance Minister Dr. Swarnim Wagle announced the new tax provision in Parliament.
Government Cuts Budget of Infrastructure, Energy and Agriculture Ministries, Gives Priority to Nearly Completed Projects Instead of New Plans
Shram Sanskriti Party MPs Protest In Nepal House Of Representatives With Placards Against Prime Minister Balen Shah, As Harka Sampang Led Members Demand Answers On Questions, While Speaker Issues Warning In Kathmandu Parliament Session
PM Balen Shah did not appear in the Federal Parliament of Nepal To Respond To Policy And Programme Debate, Leading Opposition MPs, including Harka Sampang, To Walk Out Of The House And Demand His Resignation During Heated Parliamentary Session
The finance minister presented a Rs 18.6 trillion budget focused on tourism revival, hydropower, and digital infrastructure.
