ECONOMY
No more social security at 68: Elderly allowance eligibility pushed to 70
No more social security at 68: Elderly allowance eligibility...
In a major policy reversal, the government has raised the minimum age for receiving elderly allowance from 68 to 70 years, rolling back an election-era populist move.
May 29, 2025
ECONOMY
Govt raises excise duty on alcohol and tobacco products
Govt raises excise duty on alcohol and tobacco products
The government has increased the excise duty on alcohol and tobacco products.
May 29, 2025
ECONOMY
Govt targets to achieve economic growth of six percent in next FY
Govt targets to achieve economic growth of six percent in ne...
The government has projected to achieve an economic growth rate of six percent in the next Fiscal Year (FY).
May 29, 2025
ECONOMY
Govt defies rumours, keeps taxes on EVs unchanged
Govt defies rumours, keeps taxes on EVs unchanged
In a welcome move for eco-conscious consumers and importers, the government has decided not to hike taxes on electric and hybrid vehicles, defying weeks of speculation and market anxiety.
May 29, 2025
ECONOMY
Govt to divest 30% shares of Nepal Telecom to public
Govt to divest 30% shares of Nepal Telecom to public
“Nepal Telecom will divest 30 percent of its shares to the general public while the government will retain the majority stake,” Minister Paudel said in his budget speech.
May 29, 2025
ECONOMY
Govt announces budget of Rs 1.964 trillion for FY 2025/26
Govt announces budget of Rs 1.964 trillion for FY 2025/26
KATHMANDU, May 29: The government announces a total budget of 1.96411 trillion for the Fiscal Year (FY) 2025/26.
May 29, 2025
ECONOMY
Terai-Madhesh Expressway to be completed by FY 2027/28
Terai-Madhesh Expressway to be completed by FY 2027/28
The government has allocated funds to complete the Kathmandu-Terai-Madhesh Expressway by Fiscal Year (FY) 2027/28.
May 29, 2025
ECONOMY
Govt to continue bunker-to-barracks program, strengthen security agencies
Govt to continue bunker-to-barracks program, strengthen secu...
The government has allocated a budget to enhance the capacity of security agencies. It also plans to strengthen the Nepali Army’s capabilities for military equipment.
May 29, 2025
ECONOMY
Constitution to be amended based on political consensus
Constitution to be amended based on political consensus
Announcing the budget for Fiscal Year (FY) 2025/26, the government stated that since constitutional amendment was a major agenda when forming the current government, the government will pursue changes through political agreement.
May 29, 2025
ECONOMY
No salary hike for civil servants this FY — Only a modest allowance boost
No salary hike for civil servants this FY — Only a modest al...
In a move likely to disappoint hundreds of thousands of public employees, the government has decided not to increase civil servants’ salaries in the Fiscal Year (FY) 2025/26.
May 29, 2025