40 results for "finance"
The government has decided to suspend the search and rescue phase following the Bhotekoshi–Trishuli floods, except for essential operations, and accelerate reconstruction and rehabilitation in affected areas.
Nepal is quickly changing the way people pay, with QR codes becoming a familiar part of everyday life, from tea shops to larger businesses. Digital payments are growing rapidly, while cash remains important for many people. As Nepal moves toward a more connected financial system, the bigger challenge will be making digital payments safe, simple, and accessible to everyone.
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.
The Government of Nepal has approved several key decisions from the Cabinet meeting, including accepting USD 20.7 million in US government health assistance, allowing national forest land use for major infrastructure and security projects, and forwarding three important amendment bills to the Federal Parliament. The meeting also approved senior civil service promotions and announced plans to strengthen sports infrastructure and restart domestic leagues.
Nepalis spent a combined Rs 209 billion on overseas education and foreign travel in fiscal year 2025/26, according to Ministry of Finance data, as more students pursue education abroad and international travel grows.
Prime Minister Balendra Shah used his address at the 81st United Nations General Assembly to present Nepal’s Bhotekoshi–Trishuli disaster as a warning about the growing impact of climate change on Himalayan communities. He called for stronger global climate cooperation, a Nepal–India–China Himalayan Climate Resilience Mechanism, fair climate finance and a global system where vulnerable countries have a stronger voice.
Prime Minister Balendra Shah is leaving for New York on September 22 to lead Nepal’s delegation to the 81st United Nations General Assembly, marking his first foreign trip since taking office in March. Shah will address the General Debate on September 24, where Nepal will highlight climate justice, climate-related losses and the need for stronger international support for vulnerable countries.
Your recent digital purchase may have already given you a chance to win up to Rs. 10 lakh under Nepal’s Taxpayer Incentive Prize Program. Eligible transactions may be entered automatically, but winners have only five days to claim their prizes after the results are announced. Although the program is temporarily suspended due to Nepal’s current situation, the Inland Revenue Department has announced 33 winners for eligible transactions recorded up to Bhadra.
Nepal will host “Sagarmatha to the Sea: A Call to Action for a Climate-Resilient Future” on the sidelines of the 81st United Nations General Assembly in New York, highlighting the growing impact of climate change on the Himalayan region and vulnerable communities. The event will form part of Nepal’s wider international push for climate justice, Loss and Damage support, accessible climate finance and stronger support for climate-resilient development.
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
RSP Chair Rabi Lamichhane has urged Nepal to take the Rasuwa flood beyond rescue and reconstruction and turn the disaster into a stronger international campaign for climate justice, grant-based climate finance and protection of the Himalayas. Speaking in Parliament, he proposed coordinated government and parliamentary diplomacy, international recognition of Himalayan climate risks, stronger scientific monitoring and a formal effort to seek support from countries and global climate mechanisms.
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.
Ukraine is considering removing criminal penalties for consensual adult content and bringing the industry into the tax system, with officials estimating it could generate around $25 million a year as the country continues its war with Russia.
Nepal’s Section 12B allows eligible donations to specified government disaster and reconstruction funds to be deducted from taxable income. The full qualifying donation amount may reduce taxable income, but the actual tax savings depend on the taxpayer’s income and applicable tax rate.
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 contributes only a tiny share of global emissions, yet faces some of the growing costs of climate impacts. Its adaptation plan estimates about $47.4 billion may be needed through 2050, with $45.9 billion expected from external support. The climate justice debate is about whether vulnerable countries like Nepal are receiving fair support without being pushed deeper into debt.
The Cabinet has directed the Finance Ministry to prepare a Business Recovery Package for people and businesses affected by the Rasuwagadhi-Bhotekoshi flood, while the Prime Minister and all ministers will contribute one month’s salary to the disaster relief fund. The government also approved in principle the G2G purchase of 25,000 metric tons of DAP fertilizer from India.
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.
The Nepal government has announced a 100% exemption from import taxes and duties on qualifying vehicles for officially recognized families of Gen Z movement martyrs and people classified as seriously or very seriously injured, if the vehicle is purchased for self-employment. The exemption applies to petrol or diesel vehicles with a transaction value of up to Rs 15 lakh and electric vehicles worth up to Rs 20 lakh, and is available only during FY 2083/84, or 2026/27.
Nepal’s stock market ended the trading week under pressure, with the Nepal Stock Exchange (NEPSE) index falling 25.11 points, or 0.95%, between August 17 and August 21, 2026. The benchmark index closed at 2,618.72 points on Friday, down from 2,643.83 points a week earlier. The decline reduced the total market capitalization of companies listed on NEPSE from around Rs 4.547 trillion to Rs 4.504 trillion, meaning approximately Rs 43 billion in market value was erased during the week.
A US federal court has struck down the Trump administration’s policy suspending immigrant visa processing for citizens of 75 countries, including Nepal, ruling that the policy was unlawful.
Nepal's state-owned Dairy Development Corporation has started exporting DDC ghee to Dubai, marking its entry into the international market with an agreement to export at least 50,000 kg annually. DDC says it plans to expand exports across the Middle East and later reach markets including Japan, South Korea and Tibet, China, as it increases production and looks for new markets for Nepali dairy products.
US Green Card Rules To Change From September 18 As Officials May Consider Government Assistance, Age, Health, Finances, Family Situation And Education When Reviewing Some Immigrant Applications, Raising Concerns For Low Income Families And Some Nepali Applicants
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.
Nepal has renewed Udayapur Cement’s limestone licence and begun preparations for full-capacity operations, while experts assess options to revive Gorkharkali Rubber Industry.
The government has fixed new monthly salaries for Nepal's judges and constitutional officials, with the Chief Justice receiving Rs 112,522 per month and Supreme Court judges receiving Rs 93,547. The revised rates, effective from Shrawan 1, 2083, also cover High Court and District Court judges, constitutional officeholders and senior Federal Parliament officials.
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.
Nepal is preparing to introduce intraday trading and short selling, which could make NEPSE faster and more flexible. The reforms may create new opportunities, but also bring higher risks and bigger potential losses. For now, the systems are planned, not fully operational, and current NEPSE rules still apply.
The Supreme Court has reopened the Nepali Congress leadership dispute by allowing Sher Bahadur Deuba and Purna Bahadur Khadka to seek a review of the April 17 ruling that upheld Gagan Thapa’s leadership. Thapa remains the legally recognised party president for now, but the fresh court process has disrupted convention planning and appears to have reduced the immediate possibility of the Deuba camp breaking away to form another party.
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.
Nepal Government is preparing to increase the VAT-free electricity consumption limit from 50 to 150 units. The proposal could benefit over 46 lakh households by reducing monthly electricity bills.
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.
Norvic International Hospital generated more than Rs 2.04 billion in revenue during the first nine months of the last fiscal year, supported by rising patient numbers, healthy operating margins, and stronger cash reserves. As the hospital strengthens its finances through debt reduction and fresh equity investment, it is also completing a Rs 3.32 billion expansion that will increase its capacity from 116 to 275 beds, with commercial operations expected to begin in 2027.
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.
Police say evidence gathered from CCTV footage, witnesses and the scene indicates that 70-year-old businessman Suresh Chandra Shrestha died by suicide inside his car in Kirtipur on Tuesday, July 21, 2026. Investigators have reportedly found no evidence of another person’s involvement, while claims that financial difficulties contributed to his death remain part of the inquiry rather than a medically or legally confirmed motive.
Being arrested in Nepal does not mean losing your rights or being found guilty. Police must have a lawful reason, explain the arrest, allow access to a lawyer, present the detainee before a judicial authority within 24 hours, and protect them from torture or unlawful detention.
