ECONOMY
Govt projects economic growth of seven percent next FY
Govt projects economic growth of seven percent next FY
In the budget announcement for the upcoming fiscal year, Finance Minister Swarnim Wagle said that the targeted economic growth rate is 1.8 times more than the amount estimated for this FY. According to the National Statistics Office, the economic growth rate in the current fiscal year 2025/56 will b...
May 29, 2026
ECONOMY
Customs on electric vehicles to be based on value
Customs on electric vehicles to be based on value
Presenting the national budget for the upcoming fiscal year in the federal parliament, Finance Minister Dr Swarnim Wagle said the new system will replace the existing practice of imposing customs duties based on battery capacity.
May 29, 2026
SOCIETY
Students pursuing higher education in Nepal rise by 10.9 percent
Students pursuing higher education in Nepal rise by 10.9 per...
The survey shows that the management faculty accounts for the highest share of students at 50.5 percent, while agriculture has the lowest at just 0.15 percent.
May 29, 2026
ECONOMY
Goods, services worth Rs 88.22 billion exported in 10 months
Goods, services worth Rs 88.22 billion exported in 10 months
Public Information Officer at Birgunj Customs Office, Udaya Singh Bista, told RSS that goods and services worth Rs 83.25 billion were exported during the corresponding period in the last fiscal year.
May 29, 2026
Market
EU and UNICEF launch “Asha: Dreams in Motion” in Nepal to bridge skills gap for youth
EU and UNICEF launch “Asha: Dreams in Motion” in Nepal to br...
Asha: Dreams in Motion features a documentary following the lives of three young people from different regions of Nepal—from Dhangadhi in the west to Janakpur in the southeast—highlighting their journeys through education, training, and job search, along with the challenges they face in...
May 29, 2026
Market
Huawei Nepal hosts Mini MWC 2026 in Kathmandu, highlights AI-driven telecom future
Huawei Nepal hosts Mini MWC 2026 in Kathmandu, highlights AI...
The event, held at Huawei Tower in Hattisar, follows key announcements made at the global MWC 2026 in Barcelona and focused on accelerating the commercialization of artificial intelligence (AI) and next-generation network technologies in Nepal.
May 29, 2026
ECONOMY
Nepal to sell additional Nepal Telecom shares, retain 66 percent ownership
Nepal to sell additional Nepal Telecom shares, retain 66 per...
Presenting the budget for the fiscal year 2026/27 on Friday, Finance Minister Dr Swarnim Wagle said the remaining shares of Nepal Telecom would be sold to the public by mid-January.
May 29, 2026
ECONOMY
Average daily spending of tourists down by 19 percent
Average daily spending of tourists down by 19 percent
The report shows that tourists who spent an average of USD 40.84 per day in the previous fiscal year reduced their expenditure to USD 33.08 this year. Despite the decline in spending, tourist arrivals rose by 1.3 percent to 1,162,365.
May 29, 2026
SOCIETY
Irrigation coverage expands to 1.59 million hectares in Nepal
Irrigation coverage expands to 1.59 million hectares in Nepa...
The report, citing the Ministry of Energy, Water Resources and Irrigation, stated that of the total irrigable land, 532,655 hectares now benefit from year-round irrigation facilities, supported by large-scale national projects designed to ensure continuous water access. Groundwater irrigation projec...
May 29, 2026
POLITICS
Nepal to close three embassies, two consulates under revised economic diplomacy strategy
Nepal to close three embassies, two consulates under revised...
Presenting the federal budget for Fiscal Year (FY) 2026/27 in Parliament on Friday, Finance Minister Dr Swarnim Wagle announced that Nepal will close its embassies in Denmark, Brazil and South Africa.
May 29, 2026