POLITICS
Nepal to close three embassies, two consulates under revised economic diplomacy strategy
Nepal to close three embassies, two consulates under revised...
Presenting the federal budget for Fiscal Year (FY) 2026/27 in Parliament on Friday, Finance Minister Dr Swarnim Wagle announced that Nepal will close its embassies in Denmark, Brazil and South Africa.
May 29, 2026
ECONOMY
Nepal plans sovereign wealth fund using forex reserves
Nepal plans sovereign wealth fund using forex reserves
Presenting the budget for the fiscal year 2026/27 in the joint meeting of the federal parliament on Friday, Finance Minister Dr. Swarnim Wagle said the government would prioritize artificial intelligence (AI), clean energy, digital infrastructure and financial sector reforms.
May 29, 2026
ECONOMY
Govt announces budget of Rs 2.124 trillion for FY 2026/27
Govt announces budget of Rs 2.124 trillion for FY 2026/27
The government has announced a total budget of Rs 2.124 trillion for the Fiscal Year (FY) 2026/27.
May 29, 2026
WORLD
'Biggest circus in town' the World Cup set for betting frenzy
'Biggest circus in town' the World Cup set for betting frenz...
Global betting revenue for the upcoming World Cup is likely to be "in excess of $50 billion", betting expert Darren Small told AFP, for an event he labelled "the biggest circus in town." The revenue will be significantly higher than the 2022 edition, partly because the quadrennial football fies...
May 29, 2026
ECONOMY
Govt allocates Rs 218.30 bn for education sector
Govt allocates Rs 218.30 bn for education sector
The education budget is lower than the allocation made for physical infrastructure and urban development. The government has allocated Rs 286 billion for physical and urban infrastructure-related programs under the respective ministry.
May 29, 2026
ECONOMY
Govt allocates over Rs 17.64 bn for Fast Track project
Govt allocates over Rs 17.64 bn for Fast Track project
Finance Minister Dr Swarnim Wagle made the announcement while presenting the national budget in Parliament on Friday, stating that construction work under the fast track project will be accelerated.
May 29, 2026
ECONOMY
Major Highlights of the Budget for FY 2026/27
Major Highlights of the Budget for FY 2026/27
Finance Minister Dr Swarnim Wagle has unveiled a broad set of policy and infrastructure measures in the federal budget for Fiscal Year (FY) 2026/27, spanning aviation reform, agriculture, energy expansion, social protection, and large-scale infrastructure development.
May 29, 2026
SPORTS, ECONOMY
Govt allocates Rs 4.03 bn for sports sector
Govt allocates Rs 4.03 bn for sports sector
Finance Minister Dr Swarnim Wagle made the announcement while presenting the national budget on Friday, stating that the allocation is aimed at strengthening sports infrastructure and supporting athletic development across the country.
May 29, 2026
ECONOMY
Govt allocated Rs 70 bn for transmission lines and substations under construction
Govt allocated Rs 70 bn for transmission lines and substatio...
Finance Minister Dr Swarnim Wagle made the announcement while presenting the national budget on Friday, stating that key transmission infrastructure projects will be prioritized to strengthen the national power grid.
May 29, 2026
ECONOMY
Govt announces 1,000 km of road blacktopping and 200 new bridges in upcoming FY
Govt announces 1,000 km of road blacktopping and 200 new bri...
The government has allocated Rs 37.46 billion for upgrading the East-West Highway into a four-lane road within the next five years. Key sections such as Narayanghat–Butwal and Kamala–Kanchanpur are expected to be completed within the current phase of the project.
May 29, 2026