ECONOMY
Tax overhaul tops budget agenda
Tax overhaul tops budget agenda
Unveiling what he described as a major overhaul of the country’s taxation system, Finance Minister Dr Swarnim Wagle on Friday announced a series of reforms aimed at easing the burden on taxpayers, encouraging investment and tightening government spending.
May 29, 2026
ECONOMY
Govt raises income tax threshold to Rs 1 million
Govt raises income tax threshold to Rs 1 million
Finance Minister Dr Swarnim Wagle announced that the minimum taxable income has been increased from Rs 500,000 to Rs 1 million per year. Individuals earning up to Rs 1 million annually will now pay only 1 percent income tax under the revised system.
May 29, 2026
ECONOMY
Govt cuts customs slabs to 7 levels, abolishes excise duty on 360 items
Govt cuts customs slabs to 7 levels, abolishes excise duty o...
Finance Minister Dr Swarnim Wagle announced the reform while presenting the budget in Parliament on Friday.
May 29, 2026
POLITICS
PM Balen Shah attends budget session in Federal Parliament
PM Balen Shah attends budget session in Federal Parliament
His previous absence from parliamentary sessions had drawn criticism from opposition parties, which had at times disrupted proceedings over the issue.
May 29, 2026
ECONOMY
FinMin breaks ‘briefcase tradition’, presents budget in Nepali handmade paper wrap
FinMin breaks ‘briefcase tradition’, presents budget in Nepa...
Instead of the customary briefcase used by successive finance ministers, Dr. Wagle presented the budget draft wrapped in traditional Nepali handmade paper during a Cabinet meeting held at the Prime Minister’s Office in Singha Durbar on Friday.
May 29, 2026
POLITICS
Republic gave Nepal political rights and shared identity: Prez Paudel
Republic gave Nepal political rights and shared identity: Pr...
Addressing a special function organized at Tundikhel today, the President stated that the republican system has connected the people to each other and has also inspired us to build a shared nation. "This has offered ownership to one's ethnicity, language, religion, community, civilization and land....
May 29, 2026
ECONOMY
Cabinet approves budget for FY 2026/27
Cabinet approves budget for FY 2026/27
A Cabinet meeting chaired by Prime Minister Balen Shah held at the Prime Minister’s Office in Singha Durbar on Friday endorsed the budget draft presented by Finance Minister Dr Swarnim Wagle.
May 29, 2026
WORLD
Light, flight, and rights: 250 years of US history in 30 objects
Light, flight, and rights: 250 years of US history in 30 obj...
That's the question the government-funded Smithsonian Institution posed itself as the United States gears up for the anniversary of the nation's July 4, 1776, Declaration of Independence.
May 29, 2026
ECONOMY
Budget to focus on good governance and economic revitalization
Budget to focus on good governance and economic revitalizati...
Laying emphasis on revitalizing the economy, boosting up confidence of the private sector, increasing capital spending and expanding employment opportunities, the government is preparing to unveil the budget presumably from Rs 1.89 to Rs 2 trillion, a senior official at the Finance Minster stated.&n...
May 29, 2026
WORLD
'Biggest circus in town' the World Cup set for betting frenzy
'Biggest circus in town' the World Cup set for betting frenz...
The revenue will be significantly higher than the 2022 edition, partly because the quadrennial football fiesta has been enlarged to 48 teams from the 32 in Qatar.
May 29, 2026