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16 results for "Finance Minister"

Finance Minister Swarnim Wagle Sees Need To Amend Nepal Rastra Bank Act To Make Central Bank More Proactive, Accountable And Effective

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.

6 hours ago

Government Signals Duty Review As Industries Push For Fairer Raw Material Tax

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.

Jul 29

Gyanendra Shahi Blames Finance Minister Swarnim Wagle for Nepal's Stock Market Crisis, Claims Investors Lost Rs 2.15 Kharba

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.

Jul 26

Finance Minister Wagle Assures Diaspora: “Once a Nepali, Always a Nepali”

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.

Jul 26

Nepal Scraps 3% Education and Health Tax—But How Will Citizens Get Their Refunds?

Nepal’s Cabinet has withdrawn the three percent equity fees imposed on private education and healthcare services after strong public criticism that the charges would increase costs for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.

Jul 23

Finance Minister's Office Warns Of Stock Market Rumors, Signals Action Against Those Spreading Fear

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.

Jul 17

Electricity Bills To Rise From Friday As Nepal Imposes 5% And 13% VAT On Power Consumption

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.

Jul 16

Government Proposes Mandatory GPS Devices For Passenger And Goods Vehicles

Nepal has proposed GPS tracking for passenger and goods transport vehicles to improve monitoring, tax compliance, and the movement of commercial goods

Jul 9

NepaConnect Appears on Google Play Store Ahead of Official Launch, Revealing Nepal Government's Secure Messaging Platform

NepaConnect, Nepal Government's secure messaging app, appears on Google Play Store with encrypted chat, Shinga AI, NepaCloud, and official collaboration tools.

Jun 26

UML Vice President Bishnu Poudel Arrested In Money Laundering Investigation

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.

Jun 22

Finance Minister Wagle Says He Will Quit Public Life If EV Tax Misuse Is Proven

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.

Jun 11

Nepal Budget 2083/84: Income Tax Relief Limit Raised From Rs 5 Lakh To Rs 10 Lakh

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.

May 29

Government Cuts Budget: Gives Priority to Nearly Completed Projects Instead of New Plans

Government Cuts Budget of Infrastructure, Energy and Agriculture Ministries, Gives Priority to Nearly Completed Projects Instead of New Plans

May 25

Shram Sanskriti Party MPs Protest In Nepal House Of Representatives With Placards Against Prime Minister Balen Shah

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

May 18

Opposition MP Harka Sampang Demands PM Balen Shah's Resignation and Walks Out Of The House

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

May 13

Budget 2082/83: Key takeaways for Nepali households and SMEs

The finance minister presented a Rs 18.6 trillion budget focused on tourism revival, hydropower, and digital infrastructure.

Apr 29