E-commerce platform Chynabazar to come into operation

Kathmandu, July 26

A new e-commerce platform, Chynabazar, is set to launch with the aim of providing Nepali consumers with quality products at fair and transparent prices by eliminating unnecessary intermediaries and additional mark-ups between manufacturers and customers.

The online marketplace will go live on Wednesday, July 29 and will operate independently of third-party sellers or import agents. It will operate under the domain name Chynabazar.com.

Imported goods in Nepal have traditionally reached consumers through multiple layers of the supply chain, including importers, wholesalers and distributors. This process has often led to higher prices and uncertainty in supply. Chynabazar has been established to bridge this gap, according to the company's CEO, Stuti Shrestha.

In a statement, the company said it will select products directly from manufacturers in China, purchase them outright, transport them to Nepal through its own logistics network, store them in its own warehouses and deliver them to customers using its own distribution system.

The company claims that managing the entire process, from sourcing and importing to warehousing and distribution, under a single system will help reduce delivery times, control costs and ensure transparent and competitive pricing. It also believes this model will enable it to provide reliable service even during fluctuations in the supply chain.

The company will initially offer electronic goods, fashion products, lifestyle items, and health and beauty products. The company said it plans to gradually expand its product range in the coming months.

Customers will be able to make digital payments through eSewa and Khalti. The company added that its own warehousing and distribution network will enable it to maintain adequate inventory levels while providing fast and reliable delivery services.

"Nepal's digital economy continues to expand, while trade relations with China are becoming increasingly stronger. Chynabazar aims to grow alongside both of these trends. We plan to diversify our product offerings and gradually expand our distribution network across the country," said Shrestha.  

Published in The Rising Nepal daily on 27 July 2026.         

Nepal, Japan to mark 70 years of diplomatic relations

Kathmandu, July 28

The Nepal AOTS Alumni Society (Nepal AOTS), in collaboration with the Nepal Chamber of Commerce (NCC), is marking the 70^th anniversary of the establishment of Nepal-Japan diplomatic relations with investment and trade fair and exhibitions.

The events expanding two days on coming Thursday and Friday in Lalitpur will feature Nepal-Japan semblance exhibition, Japanese tea ceremony, Nepal-Japan business, investment and trade fair, and business seminar and panel discussion.

The commemorative celebration is being organised with the support of the Embassy of Japan in Nepal, the Association for Overseas Technical Cooperation and Sustainable Partnerships (AOTS), Japan, and the Japanese Chamber of Commerce and Industry in Nepal (JCCN).

The exhibition will showcase approximately 70 carefully curated exhibits (comprising 60 visual exhibits and 10 traditional food displays,) highlighting the similarities between Nepal and Japan in culture, traditions, lifestyle, architecture, festivals, arts, cuisine, and social values.

"Visitors will experience one of Japan's most cherished cultural traditions, where the preparation and sharing of matcha symbolising the principles of harmony, respect, purity, and tranquility that lie at the heart of the Japanese Tea Ceremony," read the statement issued jointly by the Nepal AOTS and NCC.

Likewise, the Business, Investment and Trade Fair will feature around two dozen exhibition booths/stalls, with more than 20 Nepali and Japanese companies, organisations, and entrepreneurs showcasing their products, services, technologies, innovations, investment opportunities, and successful bilateral business collaborations.

A delegation of 20 Japanese entrepreneurs and business representatives will visit Nepal to participate in the event, providing a unique platform for direct business engagement, investment promotion, technology exchange, and partnership development between Nepali and Japanese enterprises.

Similarly, the panel discussion is a high-level forum bringing together policymakers, industry experts, business leaders, and professionals to discuss trade, investment, technology transfer, industrial cooperation, human resource development, innovation, and future opportunities for strengthening Nepal-Japan economic relations.

According to the organisers, the event is expected to attract more than 3,000 visitors during the two-day celebration, making it one of the largest public commemorative events organised in Nepal to mark the 70th anniversary of Nepal-Japan diplomatic relations.

The event is expected to create new avenues for business partnerships, investment promotion, knowledge exchange, and economic cooperation between the two countries.

"The 2-day celebration aims to commemorate this important milestone while further strengthening bilateral friendship and collaboration through a series of business, cultural, and educational programs. The event will bring together distinguished dignitaries, government officials, diplomats, business leaders, development partners, academia, alumni, cultural organizations, entrepreneurs, and members from the both countries," read the statement.

The year 2026 marks the 70th anniversary of the establishment of diplomatic relations between Nepal and Japan. Diplomatic relations were formally established through the Exchange of Notes on 1 September 1956, marking the beginning of an enduring partnership that has grown over seven decades based on mutual trust, respect, friendship, and cooperation.

Published in The Rising Nepal daily on 29 July 2026.         

Govt to establish high-priority response desk for investors

Kathmandu, July 28

The government is set to establish a high-priority response desk at the Ministry of Finance to address concerns raised by the private sector as it steps up efforts to improve the investment climate and accelerate economic reforms.

Finance Minister Dr. Swarnim Wagle said at an interaction with the entrepreneurs on Tuesday that the proposed response desk would coordinate with relevant ministries, departments and agencies to resolve legitimate concerns raised by businesses. He said the government intended to replace delays in decision-making with a system focused on timely action.

According to him, the government had adopted a roadmap to repeal outdated laws, improve the investment environment, simplify and make the tax system more transparent, and enhance the ease of doing business.

He also said that expanding the capital market and alternative financing instruments, reforming the labour market and strengthening digital public services will get equal priority.

He said 42 laws directly related to the economy were currently under amendment or repeal.

FM Dr. Wagle said the government had identified three priorities - enabling existing industries to operate at full production capacity, creating conditions for businesses to expand with confidence and encouraging new enterprises and investment, particularly by young entrepreneurs.

According to him, improvements in these areas would contribute to higher economic growth, employment generation, revenue collection and exports. "The government's role is not to run industries but to create an investment-friendly environment in which businesses can operate without unnecessary obstacles," he said.

The finance minister has also sought feedback from the private sector on the factors behind high production costs, barriers preventing industries from operating at full capacity, reasons for weak investment decisions and administrative and legal hurdles related to land acquisition, electricity supply and tariffs, labour, transport, finance, raw materials and market access.

Likewise, the finance minister said the implementation of economic reforms announced through the national budget was progressing. Legal amendments, regulations, operating procedures and institutional reforms would be introduced according to a fixed timetable, while efforts to increase capital expenditure, speed up project implementation and strengthen the capital market and financial sector would continue in parallel.

He reiterated the government's commitment to protecting private sector investment and creating conditions that would allow businesses to earn returns and reinvest, saying private sector growth was essential for Nepal's economic transformation. 

Published in The Rising Nepal daily on 29 July 2026.         

FM Khanal stresses result-oriented cooperation among BIMSTEC members

Kathmandu, July 28

Foreign Minister Shisir Khanal has stressed the need for deeper, more effective and results-oriented cooperation across all areas of BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) to accelerate the economic transformation of member states and address shared regional challenges.

During a courtesy meeting with BIMSTEC Secretary-General Indra Mani Pandey at the Ministry of Foreign Affairs (MoFA) on Tuesday, he reaffirmed Nepal's commitment to the (BIMSTEC), describing it as an important regional platform for promoting regional cooperation, peace, prosperity and sustainable development.

The MoFA informed in a statement that he also highlighted the importance of developing BIMSTEC into a more effective, results-oriented and people-centred regional organisation capable of delivering tangible benefits that can be directly experienced by the citizens of member states.

Likewise, FM Khanal welcomed ongoing efforts to strengthen the organisation institutionally, including the implementation of the BIMSTEC Charter. He reiterated Nepal's commitment, as the lead country for the People-to-People Contact sector, to strengthening regional ties through tourism, culture and greater exchanges among the peoples of member states.

The Foreign Minister also expressed Nepal's continued support for advancing BIMSTEC's shared objectives and contributing to the development of the Bay of Bengal region as a stronger, more prosperous and better-connected region.

During the meeting, Secretary-General Pandey briefed FM Khanal on recent progress and ongoing efforts to strengthen BIMSTEC as an effective, results-oriented and action-oriented regional organisation. He outlined developments in institutional reforms, the implementation of the BIMSTEC Charter and the BIMSTEC Vision Document, as well as priority initiatives aimed at enhancing regional cooperation.

"Pandey commended Nepal's active participation and constructive contribution to BIMSTEC activities and expressed confidence that Nepal would continue to support the organisation in achieving its shared objectives," read the statement.

The meeting also discussed ways to further strengthen cooperation between Nepal and the BIMSTEC Secretariat, make regional cooperation more results-oriented and people-centred, and ensure that the organisation's activities deliver direct benefits to the citizens of member states.

Nepal has been a member of BIMSTEC since 2004. Established to promote multi-sectoral technical and economic cooperation between South Asia and Southeast Asia, the regional organisation comprises Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.

Published in The Rising Nepal daily on 29 July 2026.         

Indrive prepares women drivers

 Kathmandu, July 28

InDrive has completed the first cohort of its Driving Naari Nepal programme, with 10 women graduating after three months of training aimed at preparing them for professional two-wheeler driving.

In a programme organised in Kathmandu, the company awarded them with certificates after completing training launched in April 2026. The initiative was designed to help women from underserved communities access employment opportunities in the mobility sector and address barriers to entering the profession.

The training combined practical riding instruction with road safety education and support through the driving licence process. Each participant received a safety kit, including a helmet, first-aid kit and medical kit, the company said in a statement.

The programme also included self-defence training delivered in partnership with FightBack Nepal to help participants develop awareness and practical skills for personal safety.

Deputy Superintendent of Police of Kathmandu Valley Traffic Police Office Sunil Jung Shah said road safety was a shared responsibility.

'Road safety is a shared responsibility, and every driver has an important role to play. We encourage the participants to follow traffic rules, stay alert and continue learning as they gain experience on the road. We congratulate them and wish them a safe and successful journey as professional drivers,' he said.

According to inDrive, obtaining a driving licence provides women with greater access to employment, education, healthcare and other services by reducing dependence on public transport and family members for travel.

The company said two-wheeler ride-hailing services can reach narrow streets and last-mile destinations that are often inaccessible to four-wheeled vehicles, while providing passengers with more transport options.

The certification ceremony was attended by partner organisations, government representatives, media and invited guests. Participants received certificates, safety kits and commemorative gifts from inDrive representatives and the company's Nepal brand ambassador, Swastima Khadka.

One participant won an electric scooter, three received smartphones and six were awarded smartwatches to support their work as professional riders.

Communications Manager of the company Manjeeta Gurung said the programme sought to address both skills development and social barriers faced by women entering the profession.

'Skills training is only part of the work. Social stigma matters just as much, and so does the ecosystem a woman steps into once she starts riding,' she said. 'The programme is designed to support women through licensing, confidence-building and income opportunities while expanding transport choices for passengers.'

Minister Rawal meets Chinese envoy

 Kathmandu, July 25

Minister for Land Management, Cooperatives, Federal Affairs and General Administration Pratibha Rawal held a courtesy meeting with China's Ambassador to Nepal, Zhang Maoming.

During the meeting at the ministry, the two sides exchanged views on bilateral assistance programmes, including the project aid to Nepal implemented with the support of the Government of the Xizang Autonomous Region of China, the upgrading of the Civil Hospital, the establishment of a CAR T-cell Laboratory at the hospital for cancer treatment, and the digitalisation of land administration.

Ambassador Zhang commended the ministry's achievements during its first 100 days, noting that its initiatives to improve public service delivery, advance the digitalisation of land administration and promote good governance had been effective.

The courtesy meeting with Ambassador Zhang was Minister Rawal's first since taking office, as she has prioritised the government's first 100-day agenda, according to her Secretariat.

Published in The Rising Nepal daily on 26 July 2026.         

Nepal, UN hold annual JSC meeting

Kathmandu, July 25

The Government of Nepal and the United Nations on Friday held the annual meeting of the Joint Steering Committee of the United Nations Sustainable Development Cooperation Framework (UNSDCF), to review progress under the current framework and launching preparations for the next five-year cooperation plan.

The meeting, co-chaired by National Planning Commission Vice-Chair Dr. Gunakar Bhatta and UN Resident Coordinator Lila Pieters Yahia, endorsed a roadmap for the 2028–2032 Cooperation Framework.

The new framework will be developed jointly by the government and the UN Country Team and is scheduled to be signed in July 2027. It will align with Nepal's Sixteenth Plan and the country's transition from Least Developed Country (LDC) status, the United Nations informed in a statement on Friday.

The committee reviewed implementation of the current cooperation framework and identified priorities for its remaining 18 months.

According to the UN, discussions were focused on preparations for LDC graduation, implementation of the Sustainable Development Goals (SDGs), sustainable development financing, climate action and institutional capacity.

The committee also reviewed progress in climate resilience, disaster preparedness, school meal programmes linked to local agriculture, skills development, access to finance and enterprise opportunities for women and young people, employment generation, and measures addressing child marriage, gender-based violence, legal identity reforms and electoral support.

"With fewer than five years remaining to meet the 2030 SDG deadline and Nepal's graduation from LDC status approaching, discussions centred on increasing women's participation in the economy, expanding skills development and employment opportunities for young people, supporting entrepreneurship and small and medium-sized enterprises, and promoting climate-resilient and digital economic growth," read the statement.

The meeting also discussed the impact of declining global Official Development Assistance and explored measures to improve the use of existing resources, strengthen capital expenditure, accelerate project implementation and mobilise innovative sources of development finance.

Published in The Rising Nepal daily on 26 July 2026.         

Realme launches new wireless earbuds and smartwatch in Nepal

Kathmandu, July 25

Realme has four new products, including wireless earbuds and a smartwatch, for the Nepali market.

According to the company, the new line-up includes the Realme Buds T100, Realme Buds T200, Realme Buds T500 Pro, and Realme Watch W5.

The company informed in a statement that the Realme Buds T100 feature a 10 mm dynamic bass driver, Bluetooth 5.3, AI noise cancellation for clearer voice calls, water resistance, and USB Type-C charging. The company claims the earbuds offer up to 28 hours of playback with the charging case. They are priced at Rs 2,499.

Similarly, the Realme Buds T200 come with a 12.4 mm dynamic bass driver, Hi-Res Audio support, Bluetooth 5.4, Active Noise Cancellation (ANC), touch controls, and water resistance. The earbuds provide up to 10 hours of playback on a single charge and are priced at Rs 4,499.

The Realme Buds T500 Pro feature a 12.4 mm titanium-plated dynamic driver, Bluetooth 5.4, Active Noise Cancellation, and up to 13.5 hours of playback, according to the company. They also include AI Live Translator and Face-to-Face Translator features. The earbuds are priced at Rs 7,499.

Likewise, the Realme Watch W5 comes with a 1.97-inch AMOLED touchscreen display, health monitoring features, smart connectivity, and a battery that lasts up to 14 days under normal usage. According to the company, the smartwatch is compatible with devices running iOS 11 and Android 9.0 or later. It is priced at Rs 10,999.

Published in The Rising Nepal daily on 26 July 2026.         

DICL to begin iron production by 2030

Kathmandu, July 21

The Dhaubadi Iron Company Limited (DICL) has moved ahead with an initial plan to conduct mining in at least two of the six blocks identified for Iron Ore Mineralisation Area at Duaubadi in Hupsekot Rural Municipality–05 in Nawalparasi (East). 

Issuing a letter on June 24, the company announced that it awarded the contract for the preparation of Mining Scheme Report for two of its blocks – Pokhari and Ratekhola – to Ekjati Engineering Pvt. Ltd. 

The report will provide an operational blueprint detailing how the company will extract minerals systematically and safely.

According to the preliminary estimates of the Department of Mines and Geology (DMG), Duaubadi mineral area has 100 million tonnes iron ore deposits. The project details published by the Investment Board of Nepal (IBN) for the Investment Summit 2024, estimates that Pokhari has 7.3 million tonnes ore and Ratekhola 18 million tonnes. 

Other blocks include Dhaubadi 32.5 tonnes, Durlunga 14.2 million tonnes, Ramche (North) 15 million tonnes, and Ramche (South) 9.3 million tonnes. 

 According to Dr. Janak Bahadur Chand, CEO of the DICL, the company is in the phase of quality testing or chemical analysis of the sample deposits from the sites. 

"We have sent the sample to labs for the chemical analysis. The analysis will tell us what will be the share of iron ore in the total minerals. It will take 2-4 months," he said. 

Work for the preparation of the Detailed Project Report (DPR) will also begin soon. Eleven consultants have responded to the company's call for the DPR preparation, and the task is supposed to complete in one-and-a-half years. Earlier, in absence of multi-year policy for DPR preparation had created hurdles which is no more a case. 

The company has also performed drilling in multiple locations to extract materials for the testing and analysis. While the drilling was required to go 2200 metres down, the progress is made up to 1512 metres. This drilling has provided the required number and quality of samples, and the company said that further drilling might not be needed. 

At Dhaubadi, iron band thickness is estimated at 15-30 metres and features alternating sequences of hematite-rich bands and slate/phyllite. 

However, since the project is in its initial phase, it has to achieve multiple milestones before it begins industrial projection. The Rs. 51.25 billion (US$ 394.2 million) project (according to 2024 estimates) is supposed to generate US$391 million in revenue and earn net profit of $29 million. 

According to Dr. Chand, if things go as planned, the company will begin production by early 2030. 

The information published the IBN also mentions that Daubadi has reserves of 126.76 million tonnes of Hematite ore. Earlier chemical analysis has shown that it has 17 per cent to 58 per cent total iron (TFe) within mineralisation zone. Meanwhile, the metallurgical test has shown that it has 35 per cent iron on an average. 

Dr. Chand said that apart from iron, the company will produce silica and quartzite as well as gravel needed for the railway projects as the by-products. The plant will also produce about 70 megawatts of electricity. "It is a zero-waste project," he said. The project is expected to substitute about one fourth of the total iron demand in the country which is estimated to exceed 2 million tonnes. 

Meanwhile, the government has reannounced that the government's share in the DICL would be reduced and private sector companies will be invited to run the project in Public-Private-Partnership (PPP) model. Finance Minister Dr. Swarnim Wagle made this announcement in the budget for this year 2026/27.

Published in The Rising Nepal daily on 22 July 2026.         

PM Shah vows support to promote export business

 Kathmandu, July 24

Prime Minister Balendra Shah has reaffirmed the government's commitment to addressing the concerns of entrepreneurs and businesses in order to expand the international market for Nepali products.

In a meeting with the representatives from the export related business associations held at the Prime Ministsr's Office on Friday, he pledged to take initiatives to facilitate trade with the USA, promote sheep farming in Karnali and Sudurpaschim provinces and address issues in dog chew industry.

Representatives of the Nepal Plywood Manufacturers' Association (NPMA), Nepal Carpet Manufacturers and Exporters' Association (NCMEA), Nepal Pashmina Industries Association (NPIA), and the Nepal Dog Chew Manufacturers' Association (NDCMA) were invited by the prime minister to discuss their challenges and solutions to them.

During the nearly two-hour meeting, Balaram Gurung, President of the NCMEA, said that although the United States and Europe remain the principal markets for Nepali carpets, new US regulations have created significant export difficulties, leaving exporters adversely affected.

He updated the PM that the USA has made certification by the Consumer Product Safety Commission (CPSC) mandatory from July 9. However, exports have been disrupted because Nepal lacks the required certification facilities, while the laboratory of the Nepal Bureau of Standards & Metrology was destroyed during the Gen Z movement.

"So, until an alternative arrangement is in place, the Ministry of Foreign Affairs (MoFA) send a diplomatic note to the US customs authorities seeking a one-year grace period for the testing requirement," Said Gurung.

Prime Minister Shah immediately instructed the ministry to take the necessary steps to implement the request, his secretariat informed in a statement.

Gurung also urged PM Shah to ensure the timely issuance of quarantine certification for imported wool used as raw material in carpet production. He explained that certification is currently carried out only three times a month, creating difficulties for businesses.

In response, the prime minister instructed the concerned authorities to increase the frequency of quarantine certification to two days a week. He also responded positively to the establishment of a Carpet Development Board under the Ministry of Industry, Commerce and Supplies, as suggested by Gurung. In addition, he said the government would promote sheep farming in Karnali and Sudurpashchim Provinces to increase the production of both meat and wool.

Similarly, Hom Prasad Ghimire, President of the NPMA, said that although Nepali plywood is of higher quality than imported alternatives, entrepreneurs in the sector continue to face difficulties due to existing legal provisions.

According to him, Nepal's 85 plywood factories have invested around Rs 40 billion, yet veneer, the principal raw material for plywood production, is being exported to India from Nepal at very low customs duty rates.

Prime Minister Shah said the government is working to raise customs duties on veneer exports in order to discourage the export of raw materials.

Likewise, Dhan Prasad Lamichhane, President of the NPIA, said that despite the abundance of grazing land in the Himalayan region, provisions of the Forest Act have made sheep farming in these areas difficult.

According to the statement, Prime Minister Shah assured him that the government would hold the necessary consultations and amend the legislation where required. He also expressed government's readiness in establishing collection centres for wool and other natural fibres required for pashmina production at the local level, together with processing centres at the provincial level.

Similarly, Resham Bahadur Pokharel, President of the NDCMA, said that some legal obstacles have prevented the industry from achieving its desired level of production and exports. He said that dog chews should be classified as a pet food industry rather than a dairy product and that such industries should be allowed easier access to imports of skimmed milk powder.

Prime Minister Shah said the government would study the proposal and address the issue if it is found to be appropriate.

Published in The Rising Nepal daily on 25 July 2026.         

Nepal-Australia BCM discusses leveraging diaspora networks

 Kathmandu, July 24

The Third Meeting of the Nepal-Australia Bilateral Consultation Mechanism (BCM) held in Kathmandu on Friday discussed strengthening people-to-people links by leveraging diaspora networks, managing migration and visa frameworks and exploring sister-city relations. 

The Ministry of Foreign Affairs (MoFA) informed that the BCM highlighted various areas of cooperation, including the expansion of trade relations, air connectivity, tourism, investment in Nepal's hydropower sector and the establishment of a formal educational cooperation framework for education and research. 

"Both sides also exchanged views on regional and international trends, human rights, carbon trading frameworks and reciprocal support for candidacies in multilateral forums like the United Nations," read the statement.

The meeting reviewed the status of Nepal- Australia bilateral relations as well, while the both sides reaffirmed their commitment to translating the understandings reached between the two sides into tangible outcomes for the mutual benefit of both countries.

They reviewed bilateral cooperation and development assistance, focusing on priorities such as high-level political engagement, climate resilience, green economy, water resource management, agricultural research, and the alignment of Australia's Development Partnership Plan in line with Nepal's national priorities. 

The meeting was co-chaired by Amrit Bahadur Rai, Foreign Secretary of Nepal and Sarah Storey, First Assistant Secretary of the South and Central Asia Division at the Department of Foreign Affairs and Trade (DFAT) of Australia. The delegations of Nepal and Australia included several officials from various ministries and departments and diplomatic mission.

Earlier, on Thursday, the first meeting of Joint Nepal-Australia Trade and Investment Committee under the Nepal Australia Trade and Investment Framework Arrangement (TIFA) was held in Kathmandu. 

The Bilateral Consultation Mechanism between Nepal and Australia was established in July 2017. The first and second meeting of the Mechanism were held in Kathmandu and Canberra in 2018 and 2022, respectively.

Meanwhile, the Embassy of Australia in Kathmandu informed that Storey concluded a three-day visit to Nepal, reaffirming the strong and enduring partnership between the two countries and identifying new opportunities for cooperation across trade, investment, education, climate action, and sustainable development.

She met Foreign Minister, Shisir Khanal, and Finance Minister, Dr. Swarnim Wagle.

She also engaged with students, academics, youth leaders, and foreign policy practitioners at Tribhuvan University, where she led a discussion on the future of Australia-Nepal relations, said the Embass in a statement.

“Our shared commitment to democratic principles and the rules-based order is a key pillar of our relationship and provides a strong foundation for working together to advance our shared interests,” Ms Storey said.

Likewise, the MOFA informed that is closely monitoring the recent development in the West Asia region.

"The current conflict appears to have re-emerged following the failure to uphold the ceasefire agreement. Should the conflict continue, it could have far-reaching consequences. For Nepal, these may include security challenges for Nepali nationals residing in the region, adverse impacts on employment opportunities, and disruptions to fuel supplies, construction, tourism and other sectors at home," Spokesperson of the Ministry Lok Bahadur Paudel Chhetri said in a press meet organised at the MoFA on Friday

According to him, Nepal supports ongoing efforts to establish lasting peace in the region and to ensure the uninterrupted use of the Strait of Hormuz shipping route.

According to the information received from the Nepali missions abroad, Nepali nationals in the region remain safe, and there have been no reports of any Nepali citizens being affected by the conflict.

The MoFA has requested Nepali citizens in the region who encounter any difficulties to contact the nearest Nepali diplomatic mission immediately or report their concerns through the MoFA-Mitra App, operated by the Department of Consular Services.

Meanwhile, 49 Nepali nationals are detained in prisons in Cambodia. They have fallen victim to online scam centres being operated there. Such centres are operating in the border areas of Cambodia, Myanmar, Laos and Thailand. The Embassy of Nepal in Bangkok has already initiated coordination to provide the necessary legal assistance and other support to them.

To date, a total of 860 Nepali nationals have been rescued from these scam centres, comprising 733 from Cambodia, 113 from Myanmar, eight from Laos and six from Thailand.

The Foreign Ministry has urged family members and relatives of the victims to file complaints with the Nepal Police and other relevant authorities against individuals involved in the illegal recruitment and trafficking of Nepalis to scam centres, providing accurate details of such activities.

"Families and relatives are requested to encourage Nepali nationals currently in these areas, particularly those who are unwilling to return, to come back to Nepal at the earliest through telephone calls, social media or any other appropriate means of communication. The Embassy of Nepal has also urged those whose fines have been waived to return to Nepal without delay," said Chhetri.

According to him, information has been received that some individuals are falsely promising to secure the 

Published in The Rising Nepal daily on 25 July 2026.         

Nabil Bank wins three Euromoney Awards

Kathmandu, July 24

Nabil Bank has been recognised with three honours at the Euromoney Awards for Excellence, winning the titles of Nepal's Best Bank, Nepal's Best Bank for ESG, and Nepal's Best Bank for SMEs.

According to the bank, the awards recognise its strong financial performance, digital transformation, responsible banking practices and commitment to environmental, social and governance (ESG) priorities, as well as its significant contribution to supporting Nepal's small and medium-sized enterprises (SMEs).

Nabil Bank Chief Executive Officer Manoj Kumar Gyawali said the bank was honoured to receive the prestigious awards.

"The recognition as Nepal's Best Bank for ESG and Nepal's Best Bank for SMEs reflects the trust our customers, employees, shareholders and partners have placed in Nabil Bank. These awards further reinforce our commitment to innovation, sustainability and inclusive economic growth," he said.

The bank said that the Euromoney Awards for Excellence are widely regarded as among the banking industry's most prestigious accolades, recognising institutions that have demonstrated outstanding performance, leadership and innovation in their respective markets.

According to the bank, the Nepal's Best Bank award acknowledges Nabil Bank's strong financial position, customer-focused innovation, leadership in digital transformation and overall excellence in banking.

The Nepal's Best Bank for ESG award recognises the bank's leadership in sustainable finance, responsible banking practices, green financing, financial inclusion and corporate social responsibility.

Meanwhile, the Nepal's Best Bank for SMEs award highlights the bank's contribution to promoting entrepreneurship, supporting business expansion and strengthening economic activity through tailored financial services, specialised lending programmes and advisory services for small and medium-sized enterprises.

Nabil Bank serves more than 2.6 million customers through a nationwide network of 264 branches and 315 automated teller machines (ATMs).

Published in The Rising Nepal daily on 25 July 2026.         

Suraj Vaidya elected Dean of Honorary Consular Corps

 Kathmandu, July 24

Suraj Vaidya, Chairman of the Vaidya Organisation of Industries and Trading Houses, has been unanimously elected Dean of the Honorary Consular Corps Nepal (HCCN), the association representing honorary consuls in Nepal.

The 19th Annual General Meeting and Charter Day of the association held in Kathmandu on Thursday unanimously elected him to the post.

Vaidya, a former President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), serves as the Honorary Consul of the Philippines in Nepal.

The newly elected Dean said that attracting foreign direct investment (FDI) to Nepal and promoting tourism and strengthening economic diplomacy would be the key priorities during his tenure.

He succeeds Bhola Thapa, Nepal's Honorary Consul for Bulgaria, as Dean. The General Assembly also elected Pasang Dawa Sherpa as Vice Dean of HCCN.

In a press statement issued on Thursday after assuming office, Vaidya said he would work proactively to strengthen Nepal's ties with the international community and expand economic cooperation. He noted that HCCN currently represents more than 64 countries, whose contributions to the global economy, international trade, technology, innovation, tourism and investment are significant.

He said that deepening Nepal's engagement with these countries, which together have a combined population of more than five billion and an economic output exceeding US$100 trillion, presents an important opportunity for the country's economic development.

Vaidya has decades of experience in Nepal's industrial sector. The Vaidya Organisation, a business house with a history spanning more than six decades, has long served as the authorised distributor of Toyota vehicles in Nepal. In recent years, the group has also expanded its investments beyond the automotive sector into cement and hospitality.

 

FM Khanal calls on Honorary Consuls to support economic diplomacy

Speaking at the HCCN event, Foreign Minister Shisir Khanal urged honorary consuls to play a more active and results-oriented role in promoting trade, investment, tourism and technology transfer, as Nepal places economic diplomacy at the heart of its foreign policy.

He stressed that honorary consuls should make a stronger contribution to expanding Nepal's economic partnerships with countries around the world.

According to him, honorary consuls have served as an important bridge between Nepal and countries that do not maintain resident diplomatic missions in Kathmandu, making valuable contributions to strengthening people-to-people ties as well as commercial, cultural and institutional relations.

Khanal said the Ministry of Foreign Affairs remains committed to providing the necessary support to enable honorary consuls to carry out their responsibilities more effectively.

"The Ministry will review the existing regulations, facilities and operating procedures governing honorary consuls in line with changing needs, and introduce reforms consistent with national and international legal frameworks and established practices," he said.

He said the government's key international priorities include expanding strategic partnerships, attracting foreign direct investment (FDI), improving market access, promoting technology partnerships, boosting tourism and advancing sustainable development.

"Honorary consuls are indispensable partners in achieving these objectives. Through your professional networks, knowledge of local markets and close engagement with both the public and private sectors, you can make a significant contribution to promoting trade, investment, tourism, education and cultural exchange," Khanal said.

PM commits to fix organic certification of agro products

Kathmandu, July 23

Prime Minister Balendra Shah has instructed the concerned government authorities to establish a system within Nepal for the certification of organic agricultural products.

In a meeting with the office-bearers of the Organic Association Nepal, the umbrella organisation representing organic agriculture entrepreneurs, at the Prime Minister's Office on Thursday, he responded to their demands including organic certification and subsidy for it.

During the meeting, the association's representatives pointed out that obtaining international certification for organic products is extremely costly, and urged the government to establish, under its oversight, an internationally recognised certification agency in Nepal.

They also noted that the government's subsidy covering up to 75 per cent of the cost of international organic certification had been discontinued, despite the high cost of the certification process.

"They requested that the subsidy be reinstated. Prime Minister Shah expressed support for continuing the subsidy until an internationally recognised certification agency meeting global standards is established in Nepal," read a statement from the Prime Minister's Secretariat.

He also said the government would take the necessary measures to promote organic agriculture while controlling the indiscriminate use of chemical fertilisers and pesticides.

Responding to the request of the entrepreneurs that the government provide subsidies for the production of organic fertilisers, PM Shah instructed the relevant authorities to introduce support grants for private industries and cooperatives engaged in producing organic fertilisers.

He also expressed support for extending to organic fertilisers the same facilities and incentives currently available for chemical fertilisers, whether for their production or purchase, read the statement.

The Prime Minister further noted that export subsidies for organic products had been suspended for the past two years. He said the relevant ministry was preparing the necessary operational procedures to resolve the issue through appropriate legal measures.

The meeting was attended by association's President Deepak Baskota, General Secretary Shanta Baskota Koirala, other association members, Gorkha Tea Estate Chairman Udaya Chapagain, Himalayan Shangrila Tea Factory Chairman Kamal Mainali, and Annapurna Organic Agro Industry Chairman Parshuram Acharya.

Following the meeting, Baskota said that since the discussions were held in positive manner and PM Shah was sincere, the entrepreneurs were hopeful of positive measures in the days to come. 

Published in The Rising Nepal daily on 24 July 2026.         

Money changers, banks can exchange Indian currency now

Kathmandu, July 23

The Nepal Rastra Bank (NRB) informed on Thursday that Nepali and Indian nationals can bring the Indian currency notes of 200 and 500 denominations issued and circulated from 9 November 2016 into Nepal, take out of Nepal and exchange here.

However, this facility is for up to a maximum of INR 25,000 per person.

Earlier, the NRB had said in January this year that Nepali and Indian nationals can bring in or take out Indian currency notes of 200 and 500 from Nepal.

But the notice then was silent about the exchange provisions. Now, people bearing the said currency notes up to INR 25,000 can be exchanged from the local money changers, commercial banks and the banks can get their collections exchanged from the central bank.

NRB Spokesperson Guru Prasad Poudel said that the Reserve Bank of India (RBI) will accept the Indian currency from the NRB. It has cleared the confusion prevailing about the exchange of Indian rupee in Nepal.

The NRB also reiterated that Nepali citizens are not permitted to carry Indian currency to countries other than India, nor may they bring Indian currency into Nepal from any country other than India.

Furthermore, as published in the Nepal Gazette on 13 January 2026, no person may transact in Indian currency notes of 500 and 1,000 that were in circulation before 9 November 2016.

Likewise, the NRB said that Nepali and foreign nationals may bring into Nepal foreign currency in cash equivalent to up to USD 5,000 without making a customs declaration. In case of Indian currency, the same limit applies up to the equivalent of USD 5,000.

Likewise, for foreign currencies whose exchange rates are not published by the central bank, cash may also be brought in up to the equivalent of USD 5,000 without declaration. "Any amount exceeding this limit must be declared to the customs authorities and duly certified," the NRB said in the statement.

Published in The Rising Nepal daily on 24 July 2026.         

Keep taxpayers satisfied: Minister Wagle

Kathmandu, July 23

Finance Minister Dr. Swarnim Wagle has instructed tax administrators to collect revenue by keeping taxpayers satisfied, not by intimidating them.

Addressing tax officers under the Inland Revenue Department (IRD) from across the country at the department's headquarters in Lazimpat on Thursday, he urged officials to adopt a taxpayer-friendly approach.

"Collect taxes by keeping taxpayers happy, not by harassing them, I want to hear people say that the tax administration has improved significantly, that paying taxes is no longer a burden, and that no one feels intimidated," " he said in a statement issued by his secretariat.

FM Dr. Wagle instructed tax administrators to expand the tax net through voluntary tax compliance rather than through coercion or fear.

"I do not want to hear that taxpayers are joining the tax system because they are frightened. Nor should there be a situation where anyone feels compelled to hide from paying taxes," the finance minister said.

He also encouraged officials to speak openly if they faced shortages of manpower, infrastructure, information technology, or any other resources required to strengthen tax administration. He made it clear that the government would spare no effort in rewarding officials who perform exceptionally well and contribute to increasing state revenue, read the statement from his secretariat.

"Taxpayers must be satisfied. Tax officials must facilitate compliance. Revenue targets must be achieved. We must meet the inland revenue target under the Rs 1.6 trillion revenue mission," instructed Dr. Wagle.

Describing this year's budget as a turning point for the economy, Dr. Wagle said it is set to change the country's economic direction. He added that the budget over the next four fiscal years would lay the foundation for the economy the government intends to build.

He directed the IRD's leadership to ensure the effective implementation of the tax relief schemes announced in the budget, make the taxpayer incentive programme a success, enhance taxpayer awareness, and promote the digitalisation of business transactions.

Stating that the ministry was making significant efforts to have Nepal removed from the Financial Action Task Force's grey list, he urged the tax administration to pay close attention to offences related to money laundering.

Dr. Wagle also said that the career development of tax officials would be determined primarily by their performance and contribution to the state. He urged employees not to seek transfers through political or personal influence.

Published in The Rising Nepal daily on 24 July 2026.         

Government positive to set up Handicraft Development Board

Kathmandu, July 22

The Federation of Handicraft Associations of Nepal (FHAN) has expressed their willingness to work closely with the government to promote, expand and preserve Nepal's handicraft industry.

In a meeting with Prime Minister Balendra Shah at the Prime Minister's Office on Wednesday, representatives of the FHAN said that they were encouraged by the government's commitment to prioritising the handicraft sector and affirmed their readiness to cooperate with the government in every possible way.

On the occasion, Prime Minister Shah said that the government remains committed to formulating policies for the handicraft sector, preserving traditional arts, creating employment opportunities and ensuring the transmission of handicraft skills to future generations.

He also responded positively to the federation's proposal to establish a Handicraft Development Board under a public-private partnership (PPP) model, the Prime Minister's Secretariat informed in a statement.

FHAN officials informed that the organisation has been observing Handicraft Day independently on Mangsir 28 each year and requested that it be recognised and celebrated as a national observance. Prime Minister Shah instructed his team to coordinate immediately with the Ministry of Home Affairs regarding the formal recognition and celebration of the day.

"PM Shah also assured the delegation that the government would consider replacing the current self-declaration system for handicraft exports with mandatory invoice-based valuation, in line with the federation's suggestion that such a measure would help increase government revenue," read the statement.

He further assured the representatives that the five per cent export incentive payable on handicraft exports, which has remained suspended for the past three years, would be reinstated.

Likewise, PM Shah responded positively about returning the SAARC Handicraft Development Centre building for its intended purpose. The building has already been constructed within the Department of Industry premises for the promotion and development of handicraft production but is currently occupied by the Office of the Company Registrar.

At the request from the FHAN for the same, he assured the delegation that appropriate action would be taken to utilise the building for its said purpose.

The Prime Minister also showed particular interest in establishing a Handicraft Village in the Kathmandu Valley and opening handicraft skills training centres in all seven provinces. In addition, the FHAN requested government support in facilitating an agreement with construction companies to incorporate artistic and traditional handicraft elements into infrastructure projects.

FHAN officials also presented a number of other proposals, including measures to preserve traditional craftsmanship and the introduction of identity cards for handicraft artisans.

The meeting was attended by FHAN president Rabindra Shakya, senior vice-president Rajman Bajracharya, vice-president Kiran Kumar Sthapit, adviser Bikash Ratna Dhakhwa, and leading handicraft exporter Maheshwar Shrestha.

Published in The Rising Nepal daily on 23 July 2026.         

Flawed drainage system blamed For flooding at Maitighar

Kathmandu, July 22

Kathmandu Metropolitan City's Acting Mayor Sunita Dangol has instructed officials from partner agencies to submit a technical report identifying the causes of flooding in the Maitighar area.

Dangol issued the directive on Tuesday evening during an inspection of the flood-affected site, the KMC informed in a statement on Wednesday morning. Officials from the National Disaster Risk Reduction and Management Authority, Kathmandu Upatyaka Khanepani Limited, the Kathmandu Division Road Office and relevant departments of Kathmandu Metropolitan City were asked to prepare the report.

The inspection was attended by representatives from the Kathmandu Valley Traffic Police Office, the Metropolitan City's Disaster Management Department, Public Works Department, Urban Planning Commission and the Metropolitan Police.

According to preliminary observations presented by Kathmandu Division Road Office Chief Subodh Devkota, the area has a 90-centimetre drainage pipe that connects to a 60-centimetre outlet, creating a bottleneck in the drainage system.

Officials also said that the construction of buildings around the Maitighar Mandala area had obstructed the drainage network and stressed the need to remove such blockages.

During the inspection, Dangol said the Metropolitan City would work with the local administration and agencies responsible for infrastructure development and public services to remove all obstructions in the drainage system around Maitighar Mandala and prevent future flooding.

NAS-IT Expo to be held in November

Kathmandu, July 22

The Nepal Association for Software and IT Services Companies (NAS-IT) has announced that NAS-IT Expo 2026 will be held on 21–22 November at Heritage Garden, Sanepa, Lalitpur.

The two-day event will bring together technology companies, businesses, policymakers, investors, entrepreneurs, students and other stakeholders to discuss innovation, business opportunities and collaboration in Nepal's technology sector.

According to NAS-IT, the expo will provide a platform for technology companies to showcase products and services, connect with businesses and explore partnerships aimed at supporting the country's digital economy.

The 2025 edition of the expo had attracted more than 2,500 visitors and featured over 30 technology companies. Participants included representatives from the government, diplomatic missions, the private sector, investors, start-ups, educational institutions and the technology community. The event also facilitated business networking, product demonstrations and partnership discussions.

"This year's edition would continue to promote the use of locally developed information technology solutions across industries while encouraging collaboration between technology providers and businesses," the NAS-IT said in a statement on Wednesday.

The exhibition will feature displays by established IT companies and start-ups, demonstrations of technology products and business solutions, networking sessions, and discussions on digital transformation, artificial intelligence, cybersecurity, cloud computing and innovation.

Published in The Rising Nepal daily on 23 July 2026.         

Nepal, Russia exchange messages on 70th year of relations

 Kathmandu, July 21

Nepal and Russia exchanged congratulatory messages on Sunday to mark the 70th anniversary of the establishment of diplomatic relations between the two countries.

According to the Ministry of Foreign Affairs (MoFA), Foreign Minister Shisir Khanal and Russian Foreign Minister Sergey Lavrov exchanged messages commemorating the anniversary.

In his message, Khanal expressed Nepal's commitment to working with Russia to strengthen and expand bilateral engagement. He also emphasised exploring new areas of cooperation to deepen and diversify the partnership, the MoFA informed in a statement.

Likewise, in him Message, FM Lavrov said Russia looked forward to working jointly to strengthen bilateral relations for the mutual benefit of the people of both countries.

Nepal and the Russian Federation established diplomatic relations on 20 July 1956.

The two countries started economic and technical cooperation since 1959. Russia supported Nepal with the establishment of Kanti Hospital, Panauti Hydroelectricity Project, Pathlaiya-Dhalkebar Highway, Janakpur Cigarette Factory, Agricutlral Input Factory, Birgunj Sugar Mill, and Rosin and Turpentine Plant, among others.

They have cooperation in trade, investment, tourism, education, and political and people to people exchanges. 

Published in The Rising Nepal daily on 22 July 2026.         

Govt set to establish textile and clothing development council

Kathmandu, July 21

The government is set to establish a 'Textile and Clothing Development Council' to promote domestic production and Nepali products in the international market. At the direction of Prime Minister Balendra Shah, the proposed council will be established under the Ministry of Industry Commerce and Supplies (MoICS).

During a meeting with the representatives of the Garment Association of Nepal (GAN) at the Prime Minister's Office on Tuesday, he instructed the Minister for Industry, Commerce and Supplies Gauri Kumari to immediately proceed with the establishment of the council.

The PM's direction has come as a response to the demands of the entrepreneurs.

"The government is giving priority to the development and promotion of a quality ready-made garment industry based on domestically produced raw materials," said PM Shah.

The GAN expressed confidence that the proposed council would help promote exports of garments manufactured from locally available raw materials while improving the management of imports.

According to the PMO, PM Shah reaffirmed the government's commitment to providing all necessary facilitation for the growth and expansion of the ready-made garment industry.

In line with the demands raised by the GAN, Prime Minister Shah also directed the MoICS to take immediate steps to revive distressed private-sector garment factories. Likewise, he instructed the relevant authorities to expedite efforts towards concluding free trade agreements (FTAs) and attracting foreign direct investment (FDI).

"He also directed the Ministry of Foreign Affairs to address the obstacles preventing exports of ready-made garments and other products to the United States, particularly the absence of testing and certification facilities, so as to reopen market access," read a statement from the PMO.

PM Shah further pledged to develop the skilled workforce required to realise the objectives of 'Farm to Fibre, Fibre to Fabric, Fabric to Fashion, and Fashion to Export'.

President of the GAN Pashupati Dev Pandey told the PM that although the establishment of a Green Garment Village had been included in the government's policy and programme, no budget had been allocated for its implementation.

In response, Prime Minister Shah urged them to identify a suitable site for the project without delay and assured them that the necessary budget would be provided.

The Point No. 52 of the government's Policy and Programmes for the 2026/27 envisage the establishment of a Green Garment Village at an appropriate location in the vicinity of the Kathmandu Valley.

According the PMO, Prime Minister Shah also recalled that Nepal had previously followed an export-based import system in the early 1980s and encouraged the Association to undertake a fresh study of the practice and recommend appropriate measures for its possible revival.

In 1994/95, Nepal's ready-made garment industry had emerged as the country's leading export-oriented industry, with annual exports reaching approximately US$1.2 billion. However, following the expiry of the Multi-Fibre Agreement (MFA) with the United States in 2005, garment exports declined sharply, resulting in the closure of most factories, substantial investment losses, and the displacement of thousands of workers.

At present, the industry's annual exports have fallen to around Rs. 10 billion, the GAN informed in a statement.

Stressing the importance of Nepal's successful transition from a least developed country (LDC) to a developing country, he said the government was committed to resolving all the challenges facing the ready-made garment industry. He further emphasised that Nepal should develop the capacity to produce domestically the raw materials and other inputs required by the garment sector.

The delegation of the GAN included its President, Pandey, First Vice-President Basant Raj Adhikari, General Secretary Bhim Kumar Giri, CEO Suyash Khanal, and Technical Adviser Prakash Kumar Jha.

The discussion focused on the current state of Nepal's ready-made garment industry, the challenges confronting the sector, measures to promote production and exports, employment generation, and the overall development of the industry.

"The meeting also included detailed discussions on the formation of a high-level National Export Council, to be chaired by the Prime Minister, continuation and expansion of the existing cash export incentive scheme and introduction of Export Credit Insurance," according to the GAN.

Likewise, talks were also centred on the establishment of an internationally standard exhibition and convention centre, creation of an internationally accredited testing laboratory, and promotion of digital trade and cross-border e-commerce.

In its statement, the GAN expressed confidence that with industry-friendly policies, improved infrastructure, enhanced trade facilitation and the effective implementation of export-oriented programmes, the ready-made garment industry could once again become one of the country's leading export sectors.

The meeting is a part of the series of meetings PM Shah is holding with the private sector and stakeholders of business and economy to understand the challenges they face, seek suggestions on solutions and policy reforms, and issue the necessary directives to the relevant authorities for their implementation.

Published in The Rising Nepal daily on 22 July 2026.         

Study points to the need to address communication risks during elections

 Kathmandu, July 19

A recent study by Digital Rights Nepal (DRN) has concluded that legal and institutional reforms are needed to address the growing risks associated with the use of digital platforms in elections, as political campaigning and voter engagement increasingly move online.

It recommended establishing a digital election monitoring mechanism to oversee online campaigning and regulate the misuse of digital platforms during elections.

The report, 'Use and Impact of Digital Spaces in Nepal's Election 2026', analysed the use of digital technologies during the House of Representatives election held in March 5 this year. It found that while digital platforms expanded access to information and public participation, they also introduced challenges including AI-generated misleading content, concerns over voter data privacy, micro-targeted political advertising, online gender-based violence, limited transparency in digital campaigning and weak accountability by social media platforms.

The report recommends that the Election Commission of Nepal (ECN) conduct a comprehensive review of the use and misuse of digital platforms during the 2026 parliamentary election and publish guidance on the digital code of conduct required for future polls.

It also calls on the ECN to develop a dedicated Digital Election Integrity Framework and issue clear guidelines on digital campaigning and the use of artificial intelligence in elections.

Likewise, for the government, the report recommends enacting dedicated personal data protection legislation and updating laws governing digital election campaigns, artificial intelligence, political advertising and platform accountability. It also calls for an inter-agency coordination mechanism to manage digital election risks and nationwide programmes on digital, media and electoral literacy.

The government should introduce legal measures against technology-facilitated gender-based violence and ensure that election security and digital monitoring remain under civilian oversight.   

Similarly, the report recommends that digital platforms improve transparency in political advertising, establish local contact points in Nepal, and strengthen their ability to detect coordinated disinformation campaigns and AI-generated or manipulated content in Nepali written in both Devanagari and Roman scripts. According to the report, they should provide qualified researchers and accredited election observers with access to relevant platform data while protecting user privacy.

It also urges political parties and candidates to commit to ethical digital campaigning by avoiding misinformation, hate speech, AI-generated deceptive content, voter manipulation and coordinated online harassment. The report further recommends disclosure of digital campaign expenditure and advertising, along with training on election law and digital conduct for campaign workers.

Civil society organisations and fact-checking groups are suggested to continue independent monitoring of online election campaigns, and expand fact-checking and digital literacy initiatives. Institutionalising monitoring standards and advocating for digital governance that protects freedom of expression and press freedom are also the concerns.

The DRN informed that the study examined laws and policies governing digital election activities, the use of social media and artificial intelligence, voter data management, information integrity and platform accountability. The findings were based on interviews with stakeholders, discussions with experts and focus groups, reviews of laws and policies, and monitoring of digital platforms throughout the election period.

Published in The Rising Nepal daily on 20 July 2026.         

KMC announces tax incentives, penalty waivers for FY 2026/27

Kathmandu, July 18

Kathmandu Metropolitan City (KMC) has introduced a range of tax incentives and penalty waivers for taxpayers for the current Fiscal Year 2026/27. Through its Kathmandu Metropolitan City Finance Act, 2083, the Capital city is implementing tax concessions and penalty remission for a year.

The Act came into effect after being authenticated by Acting Mayor Sunita Dangol on July 16. The legislation provides taxpayers with a range of special discounts, concessions and waivers of penalties on outstanding tax liabilities, the KMC informed in a statement on Saturday.

It said that the special incentives have been announced to encourage taxpayers to pay their dues on time.

Taxpayers who settle their property tax, business tax and rental tax for this fiscal year by the end of mid-October 2026 will receive a 10 per cent discount on the total tax payable.

This period is the first quarter of the current fiscal year.

Likewise, the metropolis has announced significant relief for taxpayers with unpaid taxes from previous years. Taxpayers who clear all outstanding tax liabilities in a single payment by mid-October will have all penalties accumulated in previous years fully waived.

The city has also introduced special provisions to encourage small businesses and support targeted groups. Businesses with capital of up to Rs 500,000, registered in the name of a woman, indigenous person, dalit, person with a disability, or a young entrepreneur under the age of 35, will receive a 40 per cent discount if they pay their taxes by mid-October.

If the business owner is a permanent resident of Kathmandu Metropolitan City, the discount will increase to 50 per cent.

"New industries providing employment to at least 20 people will be entitled to a 95 per cent reduction in business tax for up to three years," read the statement. To promote tourism and improve urban management, the Capital city is implementing an additional 10 per cent discount on property tax for hotels and resorts.

Similarly, buildings constructed solely for commercial parking purposes will be fully exempt from property tax for 10 years from the date of completion. Residential buildings equipped with rainwater recharge systems within their compounds will also be eligible for up to a 95 per cent reduction in property tax.

As per the new rules, taxpayers earning up to Rs 240,000 annually from rent need to pay 5 per cent rental tax, while those earning more than Rs 240,000 annually have to pay 7 per cent rental tax.

The Act also exempts one business signboard of up to 15 square feet used solely for business identification from advertisement tax, and signboards produced in the Ranjana script will receive a 95 per cent tax concession. This measure is taken to promote local language and culture, said KMC.

Likewise, to ease taxpayers' financial burden, KMC has allowed taxes for the current fiscal year to be paid in up to three instalments. Taxpayers may pay 40 per cent of the total amount in the first instalment and 30 per cent each in the second and third instalments.

Taxpayers with outstanding liabilities exceeding Rs 10 million may also apply for a multi-year instalment facility, but this must be approved by the Metropolitan City.

According to KMC, it adopts a stringent approach towards taxpayers who repeatedly ignore tax obligations and official notices. Under the new provisions, the City may seal the business premises of tax defaulters, freeze their bank accounts and recover unpaid taxes in the same manner as government dues.

Published in The Rising Nepal daily on 19 July 2026.