ECONOMY
Govt allocated Rs 70 bn for transmission lines and substations under construction
Govt allocated Rs 70 bn for transmission lines and substatio...
Finance Minister Dr Swarnim Wagle made the announcement while presenting the national budget on Friday, stating that key transmission infrastructure projects will be prioritized to strengthen the national power grid.
May 29, 2026
ECONOMY
Govt announces 1,000 km of road blacktopping and 200 new bridges in upcoming FY
Govt announces 1,000 km of road blacktopping and 200 new bri...
The government has allocated Rs 37.46 billion for upgrading the East-West Highway into a four-lane road within the next five years. Key sections such as Narayanghat–Butwal and Kamala–Kanchanpur are expected to be completed within the current phase of the project.
May 29, 2026
ECONOMY
Govt to introduce new bill to reform visa and immigration system
Govt to introduce new bill to reform visa and immigration sy...
Finance Minister Dr Swarnim Wagle made the announcement while presenting the national budget for fiscal year 2026/27 on Friday, stating that the existing visa and immigration framework will be restructured to align with current economic and administrative needs.
May 29, 2026
ECONOMY
Govt proposes public debate on state funding for political parties
Govt proposes public debate on state funding for political p...
He said that a broad public debate will be conducted on whether political parties should receive financial support from the state based on the votes they secure in elections. He also stated that any such funds would be subject to audit by the Office of the Auditor General to ensure transparency and...
May 29, 2026
ECONOMY
Govt doubles nutrition allowance for dalit children to Rs 1,000 per month
Govt doubles nutrition allowance for dalit children to Rs 1,...
Previously, eligible children had been receiving Rs 500 per month under the nutrition support program. The government has now increased the benefit by an additional Rs 500, bringing the total monthly allowance to Rs 1,000.
May 29, 2026
POLITICS
Harka Sampang walks out of budget speech midway, cites other commitments
Harka Sampang walks out of budget speech midway, cites other...
Speaking briefly before exiting, he said he had other important commitments. “My other party colleagues are inside. I have other important work, so I left,” Sampang said.
May 29, 2026
ECONOMY
Asset management company to be established by mid-January to handle bad loans
Asset management company to be established by mid-January to...
Finance Minister Dr Swarnim Wagle made the announcement while presenting the national budget for FY 2026/27, stating that the initiative aims to strengthen banking sector stability through more effective asset recovery and management.
May 29, 2026
ECONOMY
Govt rolls back “take and pay” model in power sector, restores “take or pay” system
Govt rolls back “take and pay” model in power sector, restor...
Under the revised system, the Nepal Electricity Authority will be obligated to purchase the generated electricity, regardless of demand fluctuations—an arrangement widely viewed as more favorable for private investors compared to the earlier policy.
May 29, 2026
ECONOMY
Reservoir hydropower gets boost as government allows IPO in first year
Reservoir hydropower gets boost as government allows IPO in...
The government has unveiled a set of incentives aimed at accelerating investment in reservoir-based hydropower, offering developers an unusual early advantage: permission to float up to 40 percent of shares through an initial public offering (IPO) in the very first year of operation.
May 29, 2026
ECONOMY
Govt to implement “Vision Kathmandu–2040” under long-term urban development plan
Govt to implement “Vision Kathmandu–2040” under long-term ur...
The government also announced the launch of a smart urban mobility system in the Kathmandu Valley, including the introduction of electric public buses to modernize city transportation.
May 29, 2026