Search

40 results for "finance"

From Nepal To Dubai: DDC Sends Its Ghee Abroad For The First Time

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.

2 days ago

US Announces New Green Card Rules Introducing Checks On Benefits, Finances And Health

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

3 days ago

PM Balen Shah Puts Ministers On Performance Agreements: Will Written Targets Bring Clearer Accountability And Results?

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.

4 days ago

Nepal Moves to Revive Udayapur Cement and Gorkharkali Rubber Industries

Nepal has renewed Udayapur Cement’s limestone licence and begun preparations for full-capacity operations, while experts assess options to revive Gorkharkali Rubber Industry.

6 days ago

How Much Do Nepal’s Top Judges and Constitutional Officials Earn? Government Sets New Salaries

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.

Aug 14

Finance Minister Swarnim Wagle Says Nepal Must Build With Its Own Income and Reduce Loan Dependence

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.

Aug 13

NEPSE’S NEXT CHAPTER: Intraday Trading and Short Selling What Investors Should Know Before the Market Changes

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.

Aug 10

Supreme Court Reopens Congress Power Fight: Is a Party Split Now Less Likely?

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.

Aug 7

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.

Aug 5

Nepal Government Plans to Raise VAT-Free Electricity Consumption Limit to 150 Units, Offering Relief to Millions of Households

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.

Aug 4

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

How Did Norvic Hospital Earn Rs 2 Kharba In Just Nine Months?

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.

Jul 28

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

What Police Found in the Kirtipur Car-Fire Investigation

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.

Jul 22

Arrested In Nepal: Know What Police Can And Cannot Legally Do

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.

Jul 19

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

New Re. 1 And Rs. 2 Coins Approved As Cabinet Unveils Seven Major Decisions

The Cabinet has approved the minting of newly designed Re. 1 and Rs. 2 coins, authorizing Nepal Rastra Bank to begin production, while also forming a high-level negotiation team to address the concerns of loan shark victims. Other decisions include accepting a USD 1.81 million South Korean grant for a legal information system, approving new staff structures across government agencies, and endorsing measures related to forests, contract employees and the Policy Research Institute.

Jul 16

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

Nepal's Economy In Mid-2026: What The Latest NRB Macroeconomic Update Really Means

Nepal Rastra Bank's latest macroeconomic report paints a picture of an economy that is financially stable but still faces long-term structural challenges. Foreign exchange reserves have reached record levels, remittances continue to grow strongly and inflation remains relatively moderate. At the same time, imports continue to outpace exports, private sector lending remains weak and government capital spending has slowed. This feature explains the latest economic indicators—including inflation, foreign exchange reserves, trade, remittances, banking, interest rates, and government finances in simple language, helping readers understand what the numbers really mean for Nepal's economy and for everyday life.

Jul 15

Ride-Sharing Fares Set To Rise From Shrawan 1 As Government Adds VAT And Driver TDS

Ride-sharing fares are expected to rise from Shrawan 1 as the government introduces 5% VAT on each transaction and 1% TDS from drivers, while concerns grow over timing, clarity, and fare impact.

Jul 15

Gandaki Province Becomes First in Nepal to Legalize Cannabis Cultivation for Medicinal and Industrial Use

The Gandaki Provincial Assembly has unanimously approved a landmark bill allowing the regulated cultivation of cannabis for medicinal and industrial purposes. The new law introduces a strict licensing and monitoring system, making Gandaki the first province in Nepal to legally permit cannabis cultivation under government supervision.

Jul 10

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

Nepal PM Balen Shah Meets ADB President After Rs 22 Billion Loan Deal to Modernize Customs and Boost Trade

Prime Minister Balen Shah met Asian Development Bank President Masato Kanda following Nepal's Rs 22 billion concessional loan agreement with ADB. The funding will modernize customs, reduce trade costs, improve cross-border trade efficiency, and support job creation.

Jul 7

Kathmandu’s Blue Bus Plan: Free Electric Buses For Women Await Budget Approval

Sajha Yatayat is preparing to operate 8 electric “Blue Buses” for women in Kathmandu Valley, but the service will start only after the Ministry of Finance approves the cost proposal and a formal agreement is completed. The first-phase routes are expected to cover Lagankhel–Budhanilkantha, Thankot/Nagdhunga–Airport, and clockwise and anti-clockwise Ring Road services, while questions remain over yearly operating cost and passenger rules.

Jul 3

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

Germany Commits 37.6 Million Euros For Nepal's Development Priorities

Germany has committed 37.6 million euros in development assistance to Nepal for the 2026–2027 period, focusing on key sectors including energy, health, and sustainable economic growth. The commitment was made during bilateral development cooperation talks held in Kathmandu, where both countries agreed to deepen their long-standing partnership.

Jun 18

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

The Government of Nepal has announced plans to establish a Sovereign Wealth Fund

The Government of Nepal has announced plans to establish a sovereign wealth fund under the budget 2083/84.

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

Experts Suggest Making Income Up To NRs 12 Lakh Tax-Free In Nepal

Experts and stakeholders have suggested raising Nepal’s income tax exemption limit to NRs 12 lakh, saying it could reduce pressure on low and middle-income earners amid rising living costs.

May 21

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

Prime Minister Balen Shah Brings National Investigation Department Back Under Prime Minister’s Office

Prime Minister Balendra Shah Brings National Investigation Department Back Under Prime Minister’s Office Through Government Work Division Regulation Restructuring 18 Ministries While Previous Home Ministry Control Is Reversed And Earlier Centralization Model From 2018 Is Partly Restored

May 15

Nepal Government Spends Only Rs 1.13 Arba on Development in 10 Months, Just 27.91% of Annual Capital Budget Used

Development Projects Still Moving Slowly as Government Uses Less Than 28% of Capital Budget Despite Flexible Spending Rules

May 15

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

Nepal heads to COP30 with sharper climate-finance demands

The delegation will press developed economies for predictable, grant-based loss-and-damage funding for Himalayan nations.

Apr 29