MBAN meets SEBON chair Dr. Bhatta

 Kathmandu, July 2

The Merchant Bankers' Association of Nepal (MBAN) has underscored the importance of enhancing market transparency, good governance and regulatory effectiveness in order to reinforce investor confidence in the capital market in Nepal.

Speaking at a meeting with the newly appointed Chairperson of the Securities Board of Nepal (SEBON), Dr Gopal Prasad Bhatta, they recommended measures to make the capital market more dynamic and effective.

"Both sides exchanged views on strengthening investor confidence in mutual funds, Initial Public Offerings (IPOs) and private equity, and fostering an investment-friendly environment," read a statement from the MBAN.

During the meeting, MBAN expressed its confidence that, under Dr. Bhatta's leadership, Nepal's capital market would become more efficient, transparent and credible.

Likewise, Dr. Bhatta stated that SEBON would continue to prioritise collaboration with the private sector and maintain regular dialogue with market stakeholders in the coming days.

The MBAN and SEBON reaffirmed their shared commitment to further strengthening cooperation, coordination and continuous dialogue to support the sustainable, orderly and inclusive development of Nepal's capital market.

Thapa appointed Chair of TU Service Commission

Jha named Ministry Advisor

 

Kathmandu, July 1

The government has appointed former secretary and urban planner Kishor Thapa as Chair of the Tribhuvan University Service Commission.

The appointment was made by Prime Minister and Chancellor of Tribhuvan University, Balendra Shah.

The Chair Recommendation Committee, led by Pro-Chancellor and Minister for Education and Sports Sasmit Pokharel, had reviewed applications, conducted evaluations and interviews, and recommended three candidates to the Chancellor for the position.

Widely recognised as an architect and urban planner, Thapa has contributed to Nepal's civil service for more than four decades in a range of senior leadership roles. He previously served as Secretary at the Ministry of Urban Development, the Ministry of Education, the Ministry of Culture, Tourism and Civil Aviation, and the Water and Energy Commission Secretariat, among other government institutions.

He played a leading role in the formulation and implementation of several major government policies and programmes, including the National Housing Plan, the National Urban Development Strategy, the Technical and Vocational Education and Training Policy, and Nepal Tourism Year 2011.

Following the 2015 earthquake, Thapa served as an expert member of the Steering Committee of the National Reconstruction Authority, contributing to the country's post-disaster reconstruction efforts. He brings extensive experience in housing, urban development, infrastructure, disaster management and public policy.

Likewise, Professor Dr. Rejina Maskey has also been appointed as a Member of the Commission.

Meanwhile, Shailendra Jha, has been appointed Advisor to the Ministry of Education and Sports.

Jha is currently undertaking academic study and professional research at Vanderbilt University in the United States under the prestigious Hubert H. Humphrey Fellowship (2025–26) funded by the U.S. Department of State.

Previously, Jha served as a Board Member of the Kathmandu Metropolitan City Urban Planning Commission, where he oversaw education, technology and social innovation. In that role, he led policy development, strategic planning, resource mobilisation and monitoring for the Metropolitan City's Education Department, Social Development Department, and research and innovation initiatives.

He also spent nearly eight years with Teach for Nepal. Jha is the founding Chair of BITS Leader International Pvt. Ltd. Academically, he holds Master's degrees in Information and Communication Engineering from Germany, Development Management from the Philippines, and Applied Economics from Bangladesh.

Published in The Rising Nepal daily on 2 July 2026.      

Centre questions 23 local govts for budget delays

Kathmandu, July 1

The federal government has sought clarification from 23 local governments that failed to present their annual policy, programme and budget for the Fiscal Year 2026/27 within the stipulated deadline.

Ministry of Land Management, Cooperatives, Federal Affairs and General Administration has sent official letters to the concerned rural municipalities and municipalities on Wednesday to submit a detailed explanation outlining the current status of the budget preparation process and the reasons for the delay.

The local governments are asked to submit their response within three days.

Under the Local Government Operation Act, 2017 and the Intergovernmental Fiscal Arrangement Act, 2017, local governments are legally required to have their revenue and expenditure estimates (budget) for the forthcoming fiscal year approved by the executive and presented to the local assembly by 24 June (10 Ashadh), with final approval to be completed by mid-July.

The Ministry said that, based on information entered into its online portal and reports it has received, a few local governments have not yet presented their budget for the FY 2026/27 within the timeframe prescribed by law, prompting the request for clarification.

The letter from the Federal Affairs Ministry also asks local governments to specify the current stage of the budget preparation process, explain why they were unable to present the budget to the assembly within the prescribed deadline, and indicate whether any additional coordination or facilitation from the Ministry is required. The requested information should also be submitted within three days of receiving the letter.

In addition, the Ministry has requested local governments to provide the schedule of forthcoming meetings of their assemblies to help ensure that the budget can be endorsed by mid-July.

The Ministry said the initiative is intended to ensure that the budget preparation process at the local level is completed on time and that the legal provisions governing the process are fully implemented.

Published in The Rising Nepal daily on 2 July 2026.      

ADB approves loan for customs modernisation in Nepal

Kathmandu, July 1

The Asian Development Bank (ADB) has approved a US$50 million (Rs. 7.55 billion) policy-based loan to help Nepal modernise its customs administration, boost trade, and support job creation.

The loan supports subprogramme II of the South Asia Subregional Economic Cooperation (SASEC) Customs and Logistics Reforms Program, building on earlier efforts to advance customs processes and develop the logistics sector in the country, the ADB informed in a statement on Wednesday.

According to the ADB, the programme will modernise customs through digitalisation, risk-based inspections, and streamlined procedures, while strengthening the logistics sector through better infrastructure planning, regulatory frameworks, and coordination. "These reforms will reduce trade costs, improve border predictability and supply chain efficiency, and support more efficient movement of goods and deeper integration into regional value chains," read the statement.

ADB Country Director for Nepal Arnaud Cauchois said that by making cross-border trade faster, more predictable, and cost-efficient, this programme will strengthen the business environment, enhance competitiveness, attract investment, and support quality job creation.

Despite recent progress, Nepal’s trade competitiveness remains constrained by complex customs procedures and an underdeveloped logistics sector. High inspection rates, paper-based processes, and fragmented supply chains have increased transaction costs and limited export potential.

The multilateral donor said that the programme addresses these challenges by promoting automation, enhancing service standards, and encouraging private sector participation in logistics development. By improving trade efficiency and reducing logistics costs, it is expected to help expand exports, improve the reliability of cross-border trade, and support higher private sector participation. 

Published in The Rising Nepal daily on 2 July 2026.      

Pak envoy calls on President

Kathmandu, July 1

The Ambassador of Pakistan to Nepal Abrar H. Hashmi, paid a farewell courtesy call on President Ram Chandra Poudel at the President’s Office.

On the occasion, the President congratulated Ambassador Hashmi on the successful completion of his tenure and expressed confidence that the relations between Nepal and Pakistan will be further strengthened in the future.

Nepal and Pakistan established bilateral diplomatic relations on March 20, 1960. Both of them work closely within the framework of the United Nations and the South Asian Association for Regional Cooperation (SAARC). 

Published in The Rising Nepal daily on 2 July 2026.     

InDrive launches safe driving course

Kathmandu, July 1

Mobility and delivery platform inDrive has launched an online safe driving course in Nepal to provide driver partners with training on road safety, passenger interaction and emergency response.

The company informed in a statement that the mobile-friendly course, which takes around 20 minutes to complete, is already available on the platform. While many drivers have completed the training, the company plans to extend the programme to more than 100,000 inDrive drivers across Nepal.

The training programme consists of three modules covering on-platform safety and professional boundaries, road safety for ride-hailing services, and emergency response procedures.

The first module focuses on maintaining professional and respectful interactions with passengers and setting appropriate boundaries during rides. The second provides practical guidance on defensive driving, situational awareness and safe driving practices in traffic and unfamiliar environments. The third explains how drivers should respond during emergencies, including the use of the in-app SOS feature and incident reporting procedures.

According to the company, each module includes a five-minute instructional video followed by five multiple-choice questions. Drivers are required to score at least 80 per cent across all modules to receive a course completion certificate. Those who do not achieve the required score can retake the quizzes without any limit.

“The training programme is intended to improve drivers' understanding of road safety, strengthen risk management skills and help them respond more effectively to challenging situations while providing ride-hailing services,” read the statement.

Sunita Jeemi Rai, Senior Driver Operations Specialist at inDrive Nepal, said the course was designed to help drivers become better prepared for situations they may encounter on the road and to provide practical guidance that could improve safety for both drivers and passengers.

Published in The Rising Nepal daily on 2 July 2026.     

Nabil Bank receives Gold Award for its annual award

Kathmandu, July 1

Nabil Bank Limited has received the Gold Award in the private sector bank category at the annual awards presented by the Institute of Chartered Accountants of Nepal (ICAN), marking its third consecutive win.

In addition, the bank received Certificates of Merit in both the Corporate Governance Disclosure Award and Sustainability Reporting Award, which were introduced in the Best Presented Accounts (BPA) Awards for the first time this year.

“With these two new recognitions, along with the Gold Award for Best Annual Report for the third consecutive year, the bank has been honoured with three awards simultaneously,” the bank said in a statement.

The awards were presented to Nabil Bank’s CEO Manoj Gyawali and Chief Financial Officer Sandip Babu Poudel by ICAN President CA Nil Bahadur Saru Magar at a programme on Tuesday.

ICAN conferred the awards based on the bank's annual report published for the fiscal year 2025. The selection criteria included financial transparency, accountability, corporate governance and sustainability. According to ICAN, Nabil Bank excelled in all these areas and was therefore selected for the awards.

The bank had also received the Gold Award for its annual reports for 2023 and 2024. According to the organisers, the award-winning annual report has also been nominated to represent Nepal at the South Asian Federation of Accountants (SAFA) Best Presented Annual Report Awards, read the statement.

Nabil Bank currently provides banking services to more than 2.5 million customers through a network of 266 branches and 318 ATMs across the country.

Published in The Rising Nepal daily on 2 July 2026.     

Minister Chaudhary calls for greater climate justice

Kathmandu, June 30

Minister for Agriculture, Forests and Environment Gita Chaudhary has called for greater climate justice, increased climate finance and stronger international cooperation to support vulnerable countries affected by climate change.

Addressing the Seventh Climate and Sustainable Development Goals (SDGs) Conference in Bangkok on Tuesday, she said Nepal contributes only a negligible share of global greenhouse gas emissions but continues to face severe impacts and risks from climate change.

“Nepal's status as a least developed, landlocked and high-mountain country makes it particularly vulnerable, despite its contribution to biodiversity conservation and ecosystem protection that helps regulate the global climate,” the Embassy of Nepal in Bangkok quoted Minister Chaudhary as saying in a statement.

The conference, jointly organised by the United Nations Department of Economic and Social Affairs (UNDESA), the United Nations Framework Convention on Climate Change (UNFCCC) Secretariat and the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), was held in Bangkok from June 29 to 30.

The conference discussed synergies between the Paris Agreement and the SDGs, and integrated action for climate, environment and sustainable development.

Minister Chaudhary stressed the need to place mountain issues at the centre of the global climate agenda, saying the Himalayas, often described as Asia's water reservoir, and their glaciers are vital to the region.

She said coordinated implementation of climate commitments and the SDGs is essential for Nepal to maximise the use of its limited resources. Investments in climate action, she added, should also accelerate progress towards the SDGs and deliver wider development benefits.

Likewise, Minister Chaudhary said that Nepal's third Nationally Determined Contributions (NDC 3.0) and National Adaptation Plan (NAP) have been fully aligned with the SDGs and prepared with the participation of government agencies, non-governmental organisations and the private sector.

According to the Embassy, she appealed to the international community to support their implementation.

Minister Chaudhary also urged developed countries to ensure adequate, predictable, grant-based and easily accessible climate finance and to provide assistance to affected communities through the Loss and Damage Fund.

She further called for improved market access for organic products from least developed, landlocked and mountainous countries, contributing to environmental and biodiversity conservation.

Environment ministers and representatives from Nepal, Thailand, Sri Lanka, the Maldives, Tajikistan, Bangladesh, Indonesia, Fiji and Pakistan, among other countries, participated in the conference.

Published in The Rising Nepal daily on 1 July 2026.    

SA grants amnesty to 33 Nepali inmates

Kathmandu, June 30

Nepal has extended its appreciation and gratitude to Saudi Arabia for granting a royal pardon to 33 Nepali inmates on the occasion of Ramadan 1447 AH (2026).

“The Government of Nepal highly appreciates this kind gesture as a reflection of the longstanding friendship, goodwill, and cordial bilateral relations between Nepal and Saudi Arabia,” the Ministry of Foreign Affairs said in a statement on Tuesday.

The pardon was granted following the request made by the GoN through its Embassy in Riyadh.

The inmates will return to Nepal upon completion of the due legal process in Saudi Arabia, read the statement. 

Published in The Rising Nepal daily on 1 July 2026.    

Urbom calls on VP Yadav

Kathmandu, June 25

Vice President Ramsahay Prasad Yadav held a courtesy meeting with Scott Urbom, Chargé d’Affaires of the Embassy of the United States in Nepal, at the Office of the Vice President in Lainchaur on Thursday.

During the meeting, Vice President Yadav expressed his confidence that the 80th anniversary of the establishment of diplomatic relations between Nepal and the US, to be celebrated next year, would serve as a significant milestone reflecting the long-standing friendship and partnership between the two countries.

He also said he was confident that the United States would continue to provide its valuable support and cooperation for Nepal’s development in the years ahead.

Vice President Yadav extended his congratulations and best wishes to the government and people of the US on the 250th anniversary of the Declaration of Independence.

Likewise, Urbom noted that relations between Nepal and the USA are long-standing, historic and multifaceted, and stated that the United States is keen to elevate them to a higher level.

Reaffirming the USA’s commitment to continuing its support for Nepal, he expressed satisfaction that US-funded projects currently being implemented in Nepal are progressing smoothly and effectively.

Published in The Rising Nepal daily on 26 June 2026.    

CIT, Tamakoshi sign MoU to implement pension scheme

Kathmandu, June 25

A memorandum of understanding (MoU) has been signed between the Citizen Investment Trust (CIT) and Tamakoshi Rural Municipality of Dolakha to implement the Citizen Pension Scheme.

Shobha Shrestha Subedi, Acting Executive Director of the CIT, and Pron Pratap KC, Chairperson of Tamakoshi, signed the MoU on Thursday.

Under the agreement, the Rural Municipality will operate the scheme in accordance with the Labour Welfare Fund Operating Procedure.

Participating workers will contribute Rs. 500 per month, while the Rural Municipality will provide a matching contribution of Rs. 500 from the Labour Welfare Fund, bringing the total monthly deposit to Rs. 1,000 per participant.

The CIT will provide KYC forms and personal information cards required for the scheme's implementation free of charge. The local body will be responsible for maintaining and updating records of participating workers and their individual accounts.

Participants will be entitled to pension benefits upon reaching the age of 60, in accordance with the Citizen Pension Scheme Operating Procedure, 2076.

In the event of the death or disappearance of a pension recipient, the spouse will be entitled to receive a lifelong pension under the prevailing provisions. If both spouses die, the savings accumulated in the account will be transferred to the nearest legal heir.

The scheme also allows participants to obtain a loan of up to 80 per cent of their accumulated savings after completing five years of participation, subject to a recommendation from the Rural Municipality.

Published in The Rising Nepal daily on 26 June 2026.   

Discrimination at workplace must be eliminated: Justice Phuyal

Kathmandu, June 25

Justice of the Supreme Court Hari Phuyal stressed that all forms of violence and discrimination at the workplace should be eliminated and that all stakeholders should work for the same.

Speaking at ‘National Dialogue on Business and Human Rights (BHR)’ organised by the National Human Rights Commission (NHRC) in collaboration with LAHURNIP in Kathmandu on Wednesday, he said, “Workers should be considered as partners in profits and be well treated.”

According to him, it is equally important to protect the rights of future generations to natural resources. Humans don’t have exclusive rights over natural resources. Phuyal also said that the functioning of business should not impact the community, culture and lives negatively.

Likewise, Dipak Kafle, secretary of the Ministry of Youth, Labour and Employment, said that the Ministry will work with the stakeholders in implementing the BHR National Action Plan.

NHRC chairperson Top Bahadur Magar stated that more sensitivity towards human rights is needed in both the public and private sector corporations. “There should be greater dialogues among the stakeholders so that BHR is not compromised,” he said.

Sita Ghimire, deputy director of the Federation of Nepalese Chambers of Commerce and Industry, said that about 90 per cent of the businesses in operation in Nepal are micro-small-medium enterprises, so they should be facilitated in implementing the rights of workers, communities and environment while protecting their business interests. 

Published in The Rising Nepal daily on 26 June 2026.   

Metropolitan Cities unveil budget for FY 2026/27

Kathmandu, June 24:

Six metropolitan cities in Nepal have announced their budget for the Fiscal Year 2026/27. As per the constitutional provision, all local bodies should announce the budget for the next year by Asar 10, June 24 for this year. Most of the sub-metropolitan cities, municipalities and rural municipalities also announced budgets with regular and innovative programmes and projects.

The local bodies have largely depended on the federal grants for their development works, and even for the recurrent expenditures.

Lalitpur: Rs. 7.48 billion

Lalitpur Metropolitan City has unveiled a budget of Rs. 7.48 billion for the upcoming fiscal year 2026/27.

Deputy Mayor Manjali Shakya presented the annual income and expenditure estimates of the metropolis at the 9th Municipal Assembly on Wednesday.

The budget for the next fiscal year is slightly higher than the budget presented for the current fiscal year. The metropolis had allocated Rs. 7.47 billion for the fiscal year 2025/26.

The metropolis has proposed an allocation of Rs. 3.25 billion for recurrent expenditure, emphasising prudent, transparent, and justified public spending. The allocation for recurrent expenditure is 9 per cent higher than that of the current fiscal year.

Meanwhile, around Rs. 4.24 billion has been set aside for capital expenditure. This is lower than the Rs. 4.51 billion allocated in the current fiscal year, reflecting a reduction of about Rs. 270 million, or 6 per cent.

It is estimated that Rs. 3.35 billion will be collected from internal sources, including internal revenue, land revenue, entertainment tax, and other taxes. In addition, Rs. 60 million is expected to be mobilised through public participation in development projects.

The metropolis expects to receive Rs. 1.36 billion from the federal government and Rs. 176.39 million from the provincial government under various grants and revenue-sharing arrangements.

Under intergovernmental transfers and delegated programmes, the metropolis anticipates receiving Rs. 1.06 billion.

A further Rs. 1.47 billion required to finance the proposed budget will be covered through available cash reserves.

Presenting the budget, Deputy Mayor Shakya said that priority has been given to institutional strengthening, sustainable urban development, employment generation, and heritage preservation.

Among the top priorities are institutional strengthening and good governance, with a focus on improving accountability, transparency, and the effectiveness of municipal administration.

The city has also emphasised sustainable infrastructure and urban development to support planned urbanisation and improve civic amenities.

The budget has set a target of ensuring access to clean drinking water for every household, expanding the use of technology, and delivering citizen-friendly, accountable, and technology-driven public services.

Birgunj: Rs. 4.42 billion

Our Parsa correspondent Dipak Gautam adds: Birgunj Metropolitan City has unveiled a budget of Rs. 4.42 billion for the fiscal year 2026/27 prioritising infrastructure development, education, and healthcare services.

Municipal Executive Member Jagat Sah Kanu, on behalf of Acting Mayor Imtiyaj Alam, presented the budget at the 20th Municipal Assembly on Wednesday.

The new budget for the next fiscal year is Rs. 730 million higher than the budget for the current fiscal year 2025/26.

Of the total budget, about Rs. 2.40 billion (54.3 per cent) has been allocated for recurrent expenditure, while Rs. 1.97 billion (44.6 per cent) has been earmarked for capital expenditure.

Likewise, Rs. 50 million (1.1 per cent) has been allocated for financial management.

To finance the budget, the metropolitan city expects to receive Rs. 1.98 billion through federal fiscal transfers, Rs. 1.48 billion from internal revenue, and Rs. 246.88 million through federal revenue sharing.

In addition, Rs. 50 million will come from provincial fiscal transfers, while Rs. 16.7 million is expected through provincial revenue sharing.

The city also plans to generate Rs. 450 million from land registration fees and utilise Rs. 46.9 million from the previous year's cash balance.

Furthermore, Rs. 150 million will be secured from the Town Development Fund to support the implementation of various development projects and programmes outlined in the budget.

During the assembly, Acting Mayor Alam also presented the municipality’s annual policies and programmes.

Alam said that education and healthcare services, urban sanitation management, forest and environmental conservation, agriculture, tourism and industry promotion, quality physical infrastructure, and technology-based public service delivery are the major priorities of the new budget.

The metropolis has allocated Rs. 890.6 million for an Integrated Drinking Water and Sewerage Management Project while Rs. 150 million is allocated for the development of an integrated solid waste management system.

Similarly, Rs. 130 million has been earmarked for the reconstruction of the metropolitan administrative building and ward offices in Ward Nos. 10, 14, and 26, which were destroyed in a fire during the Gen Z movement.

 

Biratnagar: 3.56 billion

Meanwhile, our Biratnagar correspondent Shashidhar Parajuli adds: Biratnagar Metropolitan City has unveiled a budget of Rs. 3.56 billion for the Fiscal Year 2026/27.

Presenting the policies, programmes and budget at the metropolitan city's 18th Municipal Assembly, Deputy Mayor Shilpa Niraula Karki said priority had been given to social development and technology alongside physical infrastructure.

The metropolitan city has allocated Rs. 762.87 million for recurrent expenditure, stating that the major portion of the budget has been focused on development works and social security.

For the upcoming fiscal year, the metropolis has set a target of collecting Rs 1.27 billion from internal sources.

It is estimated to receive Rs. 334.3 million through fiscal equalisation grants from the federal government, Rs. 732.9 million through conditional grants and Rs. 5.6 million in capital grants.

Deputy Mayor Karki said the provincial government would provide Rs. 36.25 million in equalisation grants and a total of Rs. 142.674 million through other grants.

The budget has outlined new initiatives in the field of information technology. Under social development, funds have been allocated for the concept of ‘Mega Schools’, capable of accommodating between 5,000 and 10,000 students, and for the operation of ‘booster classes’ aimed at supporting academically weak students.

In the health sector, Biratnagar aims to be a fully institutional delivery metropolis, where free portable ultrasound scans and ANC profile tests will be provided to pregnant women.

Likewise, at the infrastructure front, the metropolitan city has allocated Rs. 435.632 million for ward-level projects. Rs. 150 million has been earmarked for flagship projects and multi-year contracts, Rs. 100 million for maintenance works and Rs. 10 million for a matching fund.

Bharatpur: Rs. 5.51 billion

Earlier, on Monday, Bharatpur Metropolitan City unveiled a budget of Rs. 5.51 billion for the FY 2026/27. The size of next year’s budget is larger by about Rs. 3 million against that of this year’s budget.

Acting Mayor Chitrasen Adhikari presented the budget at the metropolis’ 19th Municipal Assembly.

For the next fiscal year, the metropolis has projected Rs. 2.04 billion in internal revenue, including proceeds from land registration and the sharing of royalties from mines and mineral resources. It expects to receive Rs. 2.17 billion through intergovernmental fiscal transfers from the federal and provincial governments, Rs. 331.2 million from the federal revenue-sharing mechanism, and Rs. 134 million from revenue sharing by the Bagmati Provincial Government.

Other projected sources of income include Rs. 40 million from the Town Development Fund, Rs. 30 million through public participation, Rs. 745 million in bank balances, and Rs. 19.3 million from the Road Board Nepal.

The metropolis has estimated expenditure of Rs. 1.25 billion under intergovernmental delegated authority and social security schemes.

It has allocated Rs. 600 million to complete projects left unfinished in the previous and current fiscal years and to clear outstanding payments.

Likewise, Rs. 140 million has been allocated for the Gautam Buddha Cricket Stadium, while Rs. 90 million has been set aside for ongoing construction work, and Rs. 117.5 million for education-related programmes.

Pokhara: 7.15 billion

Similarly, Pokhara Metropolitan City presented a budget of Rs. 7.15 billion for the upcoming fiscal year 2026/27. Deputy Mayor Manju Devi Gurung tabled the budget during the 19th municipal assembly on Friday.

Of the total allocation, 55 per cent has been set aside for recurrent expenditure, while 45 per cent is allocated for capital expenditure, according to the budget statement. The metropolis is expected to receive Rs. 3.18 billion in fiscal transfers from the federal government.

This includes Rs. 2.61 billion in conditional grants, Rs. 55 million in special grants, Rs. 18.2 million in equalisation grants, and Rs. 49.37 million in supplementary grants.

From the provincial government, the metropolis is projected to receive Rs. 91.54 million in total financial transfers, including Rs. 81.536 million in equalisation grants, Rs. 6 million in supplementary grants, and Rs. 4 million in special grants from Gandaki Province.

In terms of revenue sharing, the metropolis has estimated Rs. 343.47 million from the federal government, Rs. 40.9 million from provincial sources, and Rs. 1.31 billion from local revenue sharing. It is projected that Rs. 2.48 billion will be received from internal sources.

Kathmandu: 25.88 billion

Likewise, Kathmandu Metropolitan City (KMC) announced a Rs. 25.88 billion budget for fiscal year 2026/27, on Thursday, June 18. It prioritised infrastructure, environment, education, good governance, employment and heritage conservation.

Acting Mayor Sunita Dangol presented the budget at the 19th Municipal Assembly. Of the total amount, Rs. 25.13 billion will come through the municipal consolidated fund and Rs. 750 million from external liabilities. KMC expects Rs. 20.18 billion from internal revenue and bank balance and Rs. 4.93 billion from federal and provincial grants and revenue sharing.

Infrastructure received the largest allocation of Rs. 15.31 billion, followed by office operations and administration with Rs. 4.71 billion. Social development has been allocated Rs. 2.42 billion, good governance Rs. 2.13 billion and economic development Rs. 541.8 million.

Major allocations include Rs. 2.53 billion for heritage conservation, Rs. 1.71 billion for education, Rs. 1.22 billion for environmental management, Rs. 700 million for health services, Rs. 430 million for greenery promotion, Rs. 410 million for information technology and Rs. 360 million for disaster management.

The city also announced tax incentives, including discounts for new taxpayers and reduced rental tax rates.

Published in The Rising Nepal daily on 25 June 2026.   

US returns two recovered antiquities to Nepal

Kathmandu, June 24

The Consulate General of Nepal in New York has received two antique Nepali statues, Padma Pani and Nrityadevi, from the New York County District Attorney's Office.

The formal transfer of ownership to the Government of Nepal took place during a handover ceremony at the consulate, where Dadhiram Bhandari, Consul General of Nepal, and Matthew Bogdanos, Chief of the Antiques Trafficking Unit at the Manhattan District Attorney's Office, signed Minutes of Concurrence.

The first artefact, a 13th-century bronze figure of Padma Pani, originally belonged to Tham-Bahil (Vikramashila Mahavihara, Bhagwan Bahal) in Kathmandu. The last known photograph of the statue at its original temple site was taken in 1971, and it is believed to have been smuggled into the United States between 1971 and 1977, the Consulate informed in a statement on Wednesday.

The second artefact is a 16th-century wooden statue of the Nrityadevi (Goddess of Dance), which originated from I-Baha Bahi in Patan. Believed to have been smuggled into the USA between 1969 and 1983, the statue was seized from the Metropolitan Museum in New York.

“The recovery of these sculptures was the result of a joint effort by the New York County District Attorney’s Office, US Homeland Security Investigations, and various partner institutions,” read the statement.  

Speaking on the occasion, Bhandari noted that the cooperation between Nepal and the United States in addressing the illicit trafficking of cultural property demonstrated an international partnership committed to protecting shared heritage. Acknowledgement was also given to the Nepali diaspora and community organisations, including Newa Guthi, New York, for their ongoing support in protecting Nepal's cultural assets.

The two antiquities are scheduled to be packed and flown to Nepal on Thursday, June 25. The transport and logistics are being coordinated by the consulate and Newa Guthi, New York, with representatives from the organisation accompanying the shipment.

Upon arrival in Kathmandu, the statues will be handed over to the Department of Archaeology and other authorities for conservation and eventual restoration to their original locations. 

Published in The Rising Nepal daily on 25 June 2026.   

EU willing to work with Nepal for air safety

Kathmandu, June 24

The European Union (EU) said on Tuesday that it wants to continue working with Nepal to help the latter in achieving air safety.

“The EU and its Member States are keen to continue working side by side with the Government of Nepal to help achieve the level of safety that Nepali citizens and travellers deserve,” Chargé d’affaires at the Delegation of the EU to Nepal Thomas Millar said while speaking at the third module of the Regional Aviation Safety Programme (RASP) being held in Kathmandu from Tuesday.

“Both the EU and its Member States are already providing technical assistance and have worked closely with all stakeholders to support progress,” he said.

The three-day event, which kicked off on Tuesday, is jointly organised by the Civil Aviation Authority of Nepal (CAAN) and ATR.

The module will focus on ‘Crew Training and Operational Standards’, addressing the human and procedural dimensions of flight operations, including decision-making, operational resilience and fatigue management, the Delegation of the EU informed in a statement.

Noting that air safety is a priority for Nepal, Millar said, “We have taken note of the recent remarks by the Finance Minister in his budget speech, aiming to address the concerns of the European Commission (EC). We also appreciate the recent submission of the full package concerning the implementation of the Corrective Action Plan.”

According to him, officials in the Directorate General for Mobility and Transport (DG MOVE), the EC department responsible for developing sustainable, safe and efficient transport and mobility policies in the EU, will review the Corrective Action Plan in the coming months.

Nepal has been on the EU’s air safety concern list since 2013, which bars Nepali airlines from flying to, from and within the EU. This has seriously impacted Nepal’s tourism and international trade since then.

Following the launch of a series of aviation cooperation activities earlier this year, the EU has continued its partnership with Nepal and South Asia through two new regional initiatives taking place in Kathmandu under the EU–South Asia Aviation Partnership Project (EU–South Asia APP).

Over two weeks, aviation authorities, airlines, industry representatives and technical experts from across South Asia are gathering in Nepal to exchange experience, strengthen professional networks and discuss practical approaches to enhancing aviation safety.

The EU Delegation said that by bringing together regulators, operators and industry representatives, the programme aims to foster practical and sustainable approaches to aviation safety.

The second activity, which takes place from 29 June to 2 July, will also host a Regulatory Updates in Continuing Airworthiness Workshop under the South Asia Regional Initiative (SARI). The workshop will examine recent developments in EU Aviation Safety Agency (EASA) regulations and modern oversight concepts, supporting authorities and industry in implementing the evolving international requirements.

Together, these activities demonstrate the evolution of the EU–South Asia Aviation Partnership Project from individual technical exchanges towards a more structured and sustained programme of regional cooperation.

“They also reinforce Nepal's growing role as a platform for aviation dialogue in South Asia and illustrate the European Union's commitment to supporting aviation stakeholders through practical, demand-driven and long-term partnerships,” read the statement.

Nepal-Spain business forum organised in Madrid

Kathmandu, June 23

Aiming to bridge the gap between investors and businesspersons from Spain and the government and the private sector of Nepal, the Embassy of Nepal in Madrid organised the ´Nepal-Spain Business Forum 2026´ on Monday.

Speaking at the event, Chargé d´affaires a.i. Purak Adhikari introduced Nepal´s industries as generational enterprises operating on ethically sourced materials using indigenous technology.

Navin Raj Sharma, acting Executive Director of the Trade and Export Promotion Centre, presented the statistics of Nepal-Spain textile trade while highlighting the opportunities of various Nepali textile articles in the Spanish market. He also presented a range of Nepali textile and garment articles deemed most promising for Spanish consumers.

Likewise, Govinda Ghimire, president of the Federation of Export Entrepreneurs Nepal (FEEN), and Deva Nanda Sarawagi, vice president of FEEN, emphasised the competitive advantages of Nepali textile and jewellery products, particularly those made from premium natural fibres such as Chyangra wool, Himalayan sheep wool, hemp, and nettle.

They also highlighted the growing demand for Nepali handmade silver jewellery, prayer beads, and traditional ornaments that have strong appeal in niche international markets.

Similarly, Pashupati Dev Pandey, President of the Garment Association of Nepal, outlined the recent growth of Nepal’s garment sector, noting the positive impact of legal and policy reforms.

Addressing the forum, Luis Rodriguez, Deputy Director of International Relations at the Chamber of Commerce of Spain, informed that Spanish consumers are increasingly receptive to unique international products and expressed confidence that stronger business-to-business partnerships would further enhance Nepal-Spain commercial relations.

NICCI, GITA sign MoU to promote trade partnership

Kathmandu, June 23

The Nepal-India Chamber of Commerce and Industry (NICCI) has signed a Memorandum of Understanding (MoU) with Global Investment and Trade Advisors LLP (GITA), India, to promote trade, investment, institutional partnerships, and economic cooperation between Nepal and India.

“It is a shared commitment to strengthening cross-border business linkages, facilitating knowledge exchange, and creating new opportunities for investors and enterprises in both countries,” NICCI said in a statement.

Under the agreement, NICCI and GITA will work together on a range of initiatives, including business delegations, investment outreach programmes, sectoral engagements, policy dialogues, roadshows, and stakeholder consultations.

According to NICCI, the collaboration is designed to foster structured engagement between businesses, investors, chambers of commerce, government agencies, and development institutions, while encouraging greater participation in emerging economic opportunities across key sectors.

The MoU was signed by Marshal Rathour, Director at NICCI, and Priya Rawat, Managing Partner of GITA. Speaking on the occasion, representatives from both organisations emphasised the importance of stronger institutional cooperation in advancing Nepal-India economic relations. 

Published in The Rising Nepal daily on 24 June 2026.   

Govt. set to formulate law for trade secrets

Kathmandu, June 21

The government is set to formulate laws to govern trade secrets and geographical indications so that the intellectual property regime in the country can be strengthened.

Publishing the details of the activities for the upcoming Fiscal Year 2026/27, which will begin on July 17, the Ministry of Industry, Commerce and Supplies (MoICS) informed that it will be implemented under the Nepal Trade Integration Strategy (NTIS).

The Department of Industry will conduct interaction programmes on industrial property across seven provinces. It is expected to understand the status of awareness about industrial property and demands from the private sector for the same.  

Currently, copyrights in Nepal are governed by the Copyright Act 2002, which covers literary creations in literature, music, art, computer programmes and dramatic works. Likewise, trademarks, patents and industrial designs are governed by the Patent, Design and Trademark Act, 1965. It covers words, symbols, or logos of businesses.

The private sector has been demanding an update to the Trademark Act, incorporating the latest needs of businesses and entrepreneurs.

The Ministry is also set to conduct informative training for producers, traders and exporters on the existing certification for goods, geographical indications, sustainability, product standards and the implementation methods for voluntary standards.

Likewise, procedures will be formulated, and institutional capacity will be developed for safeguards, anti-dumping and countervailing legislation.

The MoICS also announced a plan for intergenerational transmission of traditional handicraft skills. “Skill development training will be conducted in a cost-sharing partnership with representative associations and organisations of the private sector to produce exportable goods aligned with international market demand through documentation, transfer, and intergenerational transmission of traditional handicraft skills,” read the document.

Likewise, warehouses for the storage of tea and large cardamom (alainchi) will be constructed in a public-private-partnership model, sharing cost with entrepreneurs from the respective sectors.

A programme will be designed and executed for the technical facilitation and infrastructure development to enhance and upgrade small-scale industries to meet food safety standards.

The Industry Ministry is also set to review the achievements of the technology transfer agreements made with various stakeholders and governments in the past. 

Published in The Rising Nepal daily on 22 June 2026.   

Govt. serious about resolving tea export barriers, says FM Khanal

Kathmandu, June 19:  

Minister for Foreign Affairs Shishir Khanal said that the government is seriously concerned about the obstacles emerged in Nepal’s tea exports and that diplomatic dialogue is ongoing with the Indian side on the matter.

“We have already initiated discussions with Indian authorities to resolve the problems seen in Nepal’s tea exports. Concrete diplomatic efforts are being made to find a practical solution to the issue,” he said with the delegation of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) at the Ministry of Foreign Affairs (MoFA) on Thursday.

According to information received from the Indian side, a resolution is expected soon, he said while noting that discussions are being held with the Indian side for long-term solutions to similar problems affecting the export of tea and other goods.

The FNCCI delegation, led by its president Anjan Shrestha, had urged FM Khanal to take diplomatic initiatives to resolve the existing barriers and complexities in tea exports to India. It drew the attention of the minister to the difficulties faced by Nepal’s tea industry due to new arrangements introduced by the Indian Tea Board.

The FNCCI, in a statement, said on Friday that the recently issued Standard Operating Procedure (SOP) by the Tea Board of India has created further complications for Nepal’s tea exports. It stressed that there are no quality issues with Nepali tea and called for the matter to be raised strongly in bilateral trade mechanisms with the Indian side.

Shrestha said that as the tea sector, which has an annual turnover of around Rs. 12 billion to 14 billion, is in crisis, it would affect the wider economy and the livelihoods of millions. He urged the minister to resolve the issue as soon as possible.

The tensions began with TBI implementing mandatory laboratory testing of Nepal’s all tea consignments from May 1 this year. For the first three weeks, Indian authorities conducted random sampling, and the situation remained relaxed.

But after that, authorities in India collected samples of each consignment and sent them for testing, but no lab reports were issued, leaving the product stranded in Kolkata.

Exhibiting protests, 83 tea factories in Ilam and Jhapa halted operations on Thursday. Likewise, a delegation of the Nepal Tea Producers Association came to Kathmandu to find a solution with the government. More than 1,300 tonnes of tea produced in Nepal is stuck in the warehouses in Nepal and India.

According to the Association, this is a recurring problem and needs to be resolved once and for all.

The FNCCI also emphasised the need to establish an internationally accredited laboratory in Nepal for long-term solutions.

Deputy leader of the Rastriya Swatantra Party parliamentary party Ganesh Parajuli, and Chair of the Industry Committee at the Parliament Rahbar Ansari, who were present on the occasion, said that both short-term and long-term solutions should be sought for such problems.

Likewise, Commerce Secretary Krishna Bahadur Rawat said that the Ministry of Industry, Commerce and Supplies is also engaging through its channels to facilitate the process and expressed optimism that a positive outcome would be reached soon.

 

60,000 workers affected

According to the Nepal Freight Forwarders Association (NEFFA), with around 120 tea industries nationwide, thousands of farmers, and 50,000 to 60,000 workers directly dependent on the sector, the disruption has negatively impacted Nepal’s export trade, foreign currency earnings, and the overall economy.

Statistics from the National Tea and Coffee Development Board showed that Nepal produced 26,983 tonnes of tea, including orthodox, green tea, and other varieties in FY 2024/25.

Expressing serious concern over the recent complications in tea exports, one of Nepal’s key export commodities, and the procedural barriers seen in the Indian market, it said the situation has led to the closure of tea industries, particularly in eastern Nepal, and affected hundreds of tea gardens.

“Processed tea exported from Nepal to India has been held in warehouses for a long time on the pretext of laboratory testing and various technical procedures, disrupting production, distribution, and the entire export chain of the Nepali tea industry,” NEFFA said in a statement on Friday.

The Association noted that a significant share of Nepal’s total tea exports depends on the Indian market, and such barriers have adversely affected not only exporters and entrepreneurs but also the broader economy.

It urged the government to prioritise the issue and initiate immediate diplomatic efforts, including high-level dialogue with relevant Indian authorities, to remove procedural and technical barriers as soon as possible, ensuring smooth, simple, and uninterrupted trade.

Published in The Rising Nepal daily on 20 June 2026.   

AI training for educators

Kathmandu, June 19

The Computer Association Nepal (CAN Federation) and the Higher Institutions and Secondary Schools Association Nepal (HISAN) signed a Memorandum of Understanding (MoU) to implement digital transformation initiatives in the education sector.

The two organisations will jointly conduct a nationwide ‘AI for Educators’ workshop series across all seven provinces, the CAN Federation informed in a statement on Friday.

The programme aims to bridge gaps between educational governance and local technology development, focusing on strengthening teachers’ capacity in artificial intelligence (AI), digital safety, and emerging technologies.

According to the agreement, the initiative prioritises three areas - nationwide teacher capacity building through hands-on AI training, strengthening ICT infrastructure including secure communication systems, data automation frameworks and cloud ecosystem assessment in HISAN member institutions, and curriculum standardisation incorporating prompt engineering, AI-based content development, digital safety and academic integrity.

CAN Federation will mobilise its provincial and district chapters for implementation, while HISAN will coordinate among member colleges and manage training centres, including physical infrastructure, computer labs and internet facilities, read the statement.

The concept and architecture of the ‘AI for Educators’ framework have been developed by Chiranjibi Adhikari, Acting President of CAN Federation.

Speaking at the signing ceremony, Adhikari said digital transformation begins in classrooms through teacher training in modern skills such as AI, data science and digital security.

Yuvaraj Sharma, HISAN president, said the partnership would help build a digital ecosystem to enable students and teachers to compete in global markets.

The MoU was signed by Adhikari and Sharma in the presence of officials, including CAN Federation General Secretary Chandra Bilas Bhurtel and HISAN representatives.

Both organisations stated that implementation will begin in the upcoming phase with provincial coordination and gradual expansion of training activities across member institutions nationwide in Nepal under an agreed framework of collaboration as per the joint agreement plan.

Published in The Rising Nepal daily on 20 June 2026.   

Nepal to receive $115m ADB loan for water supply, sewerage management

 Kathmandu, June 19

The Asian Development Bank (ADB) has approved a US$115 million (Rs. 17.30 billion) concessional loan to improve water supply and sanitation services and strengthen institutional capacities in rapidly growing municipalities across Nepal.

The fund will be used to implement the Integrated Water Supply and Sewerage Management (Sector) Project, the ADB informed in a statement on Friday, adding that the project is expected to benefit more than 850,000 people in 13 municipalities.

The project will expand water supply coverage by constructing about 64 tube wells, treatment facilities with a combined capacity of about 60 million liters per day, and approximately 2,125 km of water distribution network. Around 72,000 households, including vulnerable and women-headed households, will receive pressurised piped water connections.

Sanitation services will also be expanded and improved in selected municipalities through upgraded sewerage and drainage networks, new or rehabilitated wastewater treatment plants, and faecal sludge treatment facilities. More than 120,000 properties are expected to gain access to enhanced sanitation services.

“The project integrates adaptation and mitigation measures, supported by US$75.27 million in dedicated funding, and is expected to reduce greenhouse gas emissions by more than 22,000 tonnes of carbon dioxide equivalent annually,” read the statement.

The ADB’s financing for the project is complemented by US$28.8 million (Rs. 4.33 billion) in government counterpart funding. The Ministry of Infrastructure Development will implement the project, with support from the Department of Water Supply and Sewerage Management and participating municipalities. The project, with a total value of $143.8 million (Rs. 21.64 billion), is scheduled for completion by June 2032.

According to ADB Country Director for Nepal Arnaud Cauchois, this project will expand access to safe and reliable water and sanitation services and strengthen resilience to natural hazards and disaster risks. 

Published in The Rising Nepal daily on 20 June 2026.   

Budget outlines series of business, investment reforms

Women entrepreneurs, startups get focus

 

Kathmandu, May 30

Through the budget of the next Fiscal Year 2026/27, the government has expressed its 'full commitment' to industrial innovation.

It has made a plan to invite the private sector to develop and operate industrial areas like Motipur and Nayurdhap in line with the policy of expanding high-quality industrial infrastructure.

In the Panchkhal Special Economic Zone (SEZ), priority will be given to women entrepreneurs. Further concessions will be offered on loan disbursements to women entrepreneurs. "We will make arrangements for a 'Special Economic Administration Zone' where all decisions regarding tax, customs, import, export and investment will be made under a single roof," said Finance Minister Dr. Swarnim Wagle while presenting the budget at the joint session of the Federal Parliament on Friday.

To enhance the competitiveness of productive industries, the government plans to review the demand charge for electricity and provide discounts on electricity tariffs. Industrialists will be able to mortgage structures built on land provided in industrial areas, SEZs, or on lease, for banking purposes.

A plan is also announced to encourage the expansion and growth of industries and businesses that have been unable to operate at full capacity due to lack of capital, by providing 'Business Revival Loans'.

Likewise, the government is set to implement the 'Investment Express' concept by introducing an automated route system within the next three months.

"We will make arrangements for integrated services covering everything from company and industry registration, financial services, tax system participation, and visa applications, including provisions for information access, compliance reporting, and risk-based auditing," read the budget.

A legal provision will be made so that projects approved by the Investment Board do not require further approval from other agencies. Investment visas will be provided for conducting research and studies related to investment in approved projects, and investment and profit repatriation will be facilitated by simplifying share transfer, tax clearance, asset valuation, loan repayment, dividend distribution, and liquidation processes.

 

Expansion of labour-intensive industry

To develop and expand labour-intensive industries with export potential, such as agro-processing, tourism services, and light manufacturing, model Employment-Linked Production Zones will be operated.

A sewage system with treatment plants will be operated in collaboration with the government and the private sector in industrial areas and corridors, using clean energy-based technologies.

Concessional loan facilities will be provided to replace traditional boilers in industrial establishments with electric boilers. An allocation of Rs. 220 million is made to convert 100 industries to electric or bio-briquette-based boilers.

Rs. 650 million is earmarked for industrial infrastructure development, and Rs. 500 million for the design, construction, and maintenance of industrial and mining access roads used by heavy vehicles, with special standards.

The budget also announced to establish a Mining and Minerals Authority for the comprehensive regulation and management of the extraction, production, supply, and use of mineral and construction materials.

"We will expedite the necessary processes for the commercial production of petroleum in Dailekh. We will proceed to reduce the Government of Nepal's share in the Dhaubadi Iron Industry and operate it under a public-private partnership model," said FM Dr. Wagle.

 

Customs duties lowered to seven tiers

The finance minister reduced customs duties on 273 types of raw materials, ensuring that the tariff on industrial raw materials is at least one level lower than that on finished goods. He also limited the existing eleven tiers of customs duties to just seven.

The budget also announced to draft, replace, or amend dozens of acts, regulations, procedures, and directives for investment promotion, economic reforms and smooth delivery of services. A Bill to amend related acts will be presented in Parliament to immediately repeal the 15 laws announced earlier.

Similarly, the government announced to amend company law to facilitate the process of dissolving companies, while ensuring clarity on issues such as conflicts of interest and disclosure of information.

It will enter into foreign investment protection and double taxation avoidance agreements with more countries. "We will amend the Insolvency Act, 2063, to resolve financial problems of consumers as well as micro, small, and medium-sized enterprises. To promote investment, we will draft a limited liability partnership law, which will encourage angel investment to be directed into venture capital and private equity funds," said Dr. Wagle.

 

Simplifying provisions to invest abroad

The government has announced plans to simplify the provisions allowing Nepali citizens to invest abroad. Through amendments to the Industrial Enterprises Act, a new provision will be introduced requiring industries only to notify the Department of Industry regarding matters such as capacity expansion, change of ownership, and capital increases.

Similarly, amendments to the Foreign Investment and Technology Transfer Act will remove the requirement for prior approval from Nepal Rastra Bank for the repatriation of investment, with notification to suffice. Convertible instruments, project-related funding, and other hybrid instruments will be included within the scope of foreign investment.

The requirement for prior approval in the automatic approval process for foreign investment will also be removed. Furthermore, procedures for sending service fees, royalties, and technology-related payments abroad are to be simplified.

Likewise, FM Dr. Wagle announced that legal provisions for the recovery of loans will be made. A law on the protection of intellectual property will be drafted shortly. By analysing past overall economic activities, arrangements will be made to provide credit based on the creditworthiness of individuals and businesses. A separate tribunal is to be established for the speedy resolution of commercial disputes, and the Conciliation Act will also be improved.

To ensure financial access for small and medium-sized industrialists, loans will be guaranteed through a 'first loss recovery' mechanism.

Dr. Wagle also announced that the start-up operating system will be strengthened by tailoring start-ups to identification, skills, market access, and financial inclusion, through profit-linked tax concessions, preferential access to public procurement, digital registration, and regulatory facilitation.

Published in The Rising Nepal daily on 31 May 2026.   

SBAN welcomes budget

Kathmandu, May 30

Nepal Stock Brokers Association (SBAN) has reacted positively to the budget for Fiscal Year 2026/27.

The brokerage community has interpreted the announcements concerning capital market reforms, a technology-friendly trading system, attracting investment from non-resident Nepalis, and the introduction of modern financial instruments as historic and far-sighted steps, it said in a statement.

President of SBAN Sagar Dhakal said that the budget will make a significant contribution to reforming Nepal's capital market and creating an investment-friendly environment.

"This year's budget appears to recognise Nepal's capital market not merely as a medium for share trading, but as a partner in the development of the national economy. It is extremely positive that the government has prioritised capital market reforms and is emphasising modern financial instruments, investor protection, and market expansion," he said.

The budget has announced the restructuring of the Nepal Stock Exchange (NEPSE), and the phased implementation of intra-day trading, short selling, and derivative instruments.

Dhakal also regarded the budget's announcement to amend legal provisions to enable non-resident Nepalis to participate in the secondary market as a highly significant step.

"If we can attract the capital, experience, and trust of Nepalis living around the world into Nepal's capital market, the size, depth, and stability of the market will increase significantly. The participation of non-resident Nepalis will also strengthen a long-term investment culture," he said.

SBAN noted that the decision to make the capital gains tax applicable to the sale of shares of listed companies the final tax would remove tax-related uncertainty for investors.

According to it, transparency, governance, and regulatory capacity are essential for maintaining the credibility of the market. The government's firm policy against irregular activities will further increase the confidence of genuine investors.

Published in The Rising Nepal daily on 31 May 2026.