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अर्थविद्हरूसँग बजेट समीक्षा (लाइभ) – Online Khabar

Budget Review with Economists (Live)

The news has been editorially reviewed. Finance Minister Dr. Swarnim Wagle has announced a budget of NPR 2 trillion 124 billion 3.4 million for the upcoming fiscal year. In this budget, the government has allocated NPR 431 billion for capital expenditure and NPR 422 billion for financial management. The private sector has shown enthusiasm for this public budget, while economists have begun the review process. Kathmandu, 29 May – The review process of the government’s budget for the upcoming fiscal year has commenced. In this context, an online platform has initiated a budget review discussion with economists. Earlier today, Finance Minister Dr. Swarnim Wagle presented the budget for the next fiscal year. The private sector has expressed optimism regarding the budget. Economists including Prakash Kumar Shrestha, Chartered Accountant Sudarshanraj Pandey, and young economist Uja Thapa participated in the budget review with the online platform. Finance Minister Wagle announced the budget at NPR 2 trillion 124 billion 3.4 million. He specified allocations of NPR 431 billion for capital expenditure and NPR 422 billion for financial management. Currently, various businesspeople and economists are sharing their reactions to the budget.

Veer, Patan, and Teaching Hospitals to Be Developed as Universities

News Summary

  • The government has decided to develop three institutions as international-level universities in the upcoming fiscal year 2083/84 budget.
  • Tribhuvan University Teaching Hospital, National Academy of Medical Sciences, and Patan Academy of Health Sciences will be upgraded.
  • Finance Minister Dr. Swarnim Wagle, while presenting the budget speech, stated, “These hospitals will be developed to have the capacity to educate foreign students as well.”

April 28, Kathmandu – The government has initiated plans to elevate three institutions to international university status.

In the budget speech for the upcoming fiscal year 2083/84, Finance Minister Dr. Swarnim Wagle announced the development of Tribhuvan University Teaching Hospital, National Academy of Medical Sciences, and Patan Academy of Health Sciences into internationally ranked universities.

Minister Wagle said, “These hospitals will be developed to have the capacity to provide education to foreign students as well.”

Finance Minister to Present Budget for Upcoming Fiscal Year in Joint Session of Parliament

Finance Minister Dr. Swarnim Wagle is set to present the budget for the upcoming fiscal year at the joint session of the House of Representatives and National Assembly. This year, instead of the traditional briefcase, the budget has been prepared in a Nepali paper file. After approval by the Council of Ministers, the budget will be submitted to the Federal Parliament’s joint session. Kathmandu, 15 Jestha.

The budget for the upcoming fiscal year is about to be unveiled. Finance Minister Dr. Swarnim Wagle is scheduled to present it at the joint meeting of the House of Representatives and National Assembly. This time, he has prepared the budget in a Nepali paper file rather than the traditional briefcase. The budget was presented at the Council of Ministers meeting today. After its approval, Minister Wagle will present the budget to the joint parliament session.

सेनाको जवान आवास स्तरोन्नतिका लागि २ अर्ब बजेट – Online Khabar

Budget of NPR 200 Crore Approved for Improvement of Nepali Army Soldiers’ Housing

File photo. Editorially reviewed news summary. Finance Minister Swarnim Wagle announced the allocation of NPR 200 crore in the fiscal year 2083/84 budget for the improvement of housing facilities for Nepali Army soldiers. Previously ongoing under the ‘Bunker to Barrack’ initiative, the program’s name has been changed to ‘Housing Improvement Program’ for this budget allocation.
Kathmandu, 15 Jestha – NPR 200 crore has been earmarked in the fiscal year 2083/84 budget for upgrading the housing standards of Nepali Army personnel. Finance Minister Swarnim Wagle disclosed this information while presenting the budget. Although the budget had been allocated earlier for housing improvements under the ‘Bunker to Barrack’ scheme, this time the program’s name has been officially changed to ‘Housing Improvement Program’ for budget purposes.

Speaker Chaudhary Emphasizes Government’s Priority to Strengthen National Economy through Agricultural Production

Following a review of the news summary, Speaker of the Agriculture Committee of the House of Representatives, Ashok Kumar Chaudhary, stated that the government has prioritized strengthening the national economy through agricultural production. Chaudhary explained that the state’s policy is to honor farmers based on their production, not merely on grants. He clarified that by adopting modern technology and scientific management, Nepal can become self-reliant and export-oriented in agriculture. May 29, Kathmandu.

Addressing the National Best Farmer Award and Prize Distribution Ceremony held at the Presidential Palace on Friday, Ashok Kumar Chaudhary, Chairperson of the Agriculture, Cooperative, and Natural Resources Committee of the House of Representatives, emphasized that bolstering the national economy through agricultural production is a key government priority. He stated that the government is advancing with the goal of developing agriculture not only as a traditional occupation but as a respected, modern, and professional sector.

“The geographical diversity of the Himalayas, hills, and plains provides us with immense potential in agriculture. With modern technology, scientific management, and effective implementation, Nepal can become not only self-reliant but also a capable nation in agricultural exports,” he said. “The government has been continuously committed to this cause. It is moving forward with the aim of developing agriculture as a respected, modern, and professional occupation, rather than just a traditional livelihood.”

Highlighting Nepal’s unparalleled potential in agriculture due to its geographical diversity, he noted that agricultural production can be increased through modern technology, scientific management, and effective execution. “I would like to inform that stopping the youth exodus abroad, creating employment within rural areas, and strengthening the national economy through production are among the government’s highest priorities. The state’s policy is to honor farmers based on their production, not merely on grants,” he added.

Budget Allocation of NPR 8.554 Billion for Energy Production, Transmission, and Distribution

May 28, Kathmandu – The government has allocated a budget of NPR 8.554 billion for energy production, transmission, and distribution works in the upcoming fiscal year. Finance Minister Dr. Swarnim Wagle, while presenting the budget, stated that this amount is designated for the construction of energy generation, transmission, and distribution lines. Additionally, he informed that a 2.5-megawatt green hydrogen plant in Hetauda will be operated as a pilot project to initiate the commercial production of green hydrogen.

Two Injured in Russian Drone Attack on Residential Building in Romania

For the first time since the war in Ukraine began, two people have been injured by a Russian drone crash in Romania. The Romanian government strongly condemned the incident as a “serious and irresponsible provocation” by Russia and called for the urgent installation of anti-drone defense systems. Throughout the ongoing four-year conflict, fragments of Russian drones have been found on Romanian soil 47 times to date.

In a NATO member country bordering Ukraine, a Russian drone crashed onto the roof of a 10-story residential building in the eastern city of Galați, injuring two civilians. According to Romania’s Ministry of Defense, the drone was part of a Russian airstrike near the Ukrainian border. The Romanian emergency services reported that the drone’s explosives detonated on the building’s roof, igniting a major fire on the 10th floor.

Following the fire, approximately 70 residents were evacuated to safety. The two individuals who sustained minor injuries received medical care. This marks the first incident of Romanian civilians being hurt amid the ongoing Russia-Ukraine war. The Ministry of Defense noted that 47 cases of Russian drone debris have been discovered on Romanian territory, including 12 occurrences in the current year alone.

Romania’s Ministry of Foreign Affairs strongly condemned the incident as a “serious and irresponsible provocation” by Russia. The Romanian government informed NATO’s Secretary General and demanded the swift deployment of anti-drone security systems within its borders. In response, a NATO spokesperson condemned Russia’s actions via the social media platform X, affirming NATO’s commitment to protecting its member states. When the Russian drone entered Romanian airspace, the country placed two of its F-16 fighter jets on alert. Russia has yet to issue an official comment regarding the incident.

Nepal Budget 2083/84: Personal Income Tax Exemption Raised to NPR 1 Million

Finance Minister Swarnim Wagle presenting the budget

Image Source, Nepal Photo Library

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While presenting the budget in parliament, Finance Minister Swarnim Wagle announced doubling the income tax exemption limit for individuals to NPR 1 million.

Minister Wagle expressed his expectation of constructive support from all state institutions including parliament, expressing confidence that this year’s budget will serve as an effective policy instrument for Nepalis at home and abroad.

He highlighted that the cycle of political instability has ended by leveraging the capital of the young demographic as an opportunity.

At the outset of the budget presentation, major policy reforms in taxation were also announced.

The Finance Minister stated, “I have reviewed tax rates significantly to ease entrepreneurship and business, expand the middle class, and stimulate the overall economy. To reduce the tax burden, I have doubled the income tax exemption limit for individuals to NPR 1 million. I have also reduced the maximum personal income tax rate by 10 percentage points.”

Currently, personal annual income up to NPR 500,000 for individuals and up to NPR 600,000 for couples is taxed at only 1 percent, with tax rates increasing in various brackets beyond that.

For couples, income between NPR 600,000 and NPR 800,000 is taxed at 10 percent; NPR 800,000 to NPR 1.1 million at 20 percent; and NPR 1.1 million to NPR 2 million at 30 percent.

Additionally, for taxable income between NPR 2 million and NPR 5 million, there is an additional 20 percent tax applied on the rate charged on NPR 2 million, and for taxable income exceeding NPR 4 million, an extra 30 percent tax applies on the rate charged on NPR 2 million, as stated in the Income Tax Act.

Tax administration experts note that because of this, the top tax rate can reach up to 39 percent, which is among the highest in South Asia.

There is significant public interest in the first budget of the stable government, which achieved a comfortable majority in the general elections following the displacement of the previous government led by the Janajati State Movement.

Finance Minister Swarnim Wagle presenting the budget file ahead of the cabinet meeting

Image Source, Nepal Photo Library

Encouragement to Voluntarily Give Up Social Security Allowance

Finance Minister Wagle announced that the government will encourage capable citizens to voluntarily relinquish their social security allowances.

A program titled “Let those who can let go, and let those who cannot be supported” has been introduced in the budget for this purpose.

Wagle also shared plans to establish legal and technical provisions to grant voting rights in the annual budget to Nepalis residing abroad.

He additionally suggested holding extensive discussions regarding government grants to nationally recognized political parties.

Priority Given to Agriculture

The budget declaration stated that the government has placed agriculture as a top priority.

The Finance Minister announced a pilot program to provide loans covering up to 40 percent to farmers investing up to NPR 20 million.

Wagle also disclosed plans to have Nepal removed from the European Union’s aviation blacklist.

Additional concessions will be provided for loans disbursed to women entrepreneurs.

Significant Interest in the Budget Prepared by the Two-Thirds Government

Swarnim Wagle, known as an expert in economics, described his first budget as ambitious in scale.

Last year’s budget was NPR 1.95 trillion, which was later reduced by NPR 300 billion.

Experts have noted that inflation, supply chain issues, and the ongoing conflict in the Middle East pose challenges to the government’s objectives.

Ruling party leaders expect this budget to provide relief to the middle class and promote industrial production.

The economic survey presented by Finance Minister Wagle in the house on Wednesday revealed that Nepal’s economic growth rate has been limited to 3.85 percent in the current fiscal year.

Due to rising inflation, including factors such as the Iran war, there is considerable attention on salary and income tax limit policies to be outlined in the budget next week in parliament.

विद्युत खरिद सम्झौता गरेर निर्माण सुरु नगरेकाका आयोजनाको सम्झौता खारेज गरिने

Power Purchase Agreements to Be Canceled for Hydropower Projects Without Agreements

Minister Wagle has announced that power purchase agreements (PPAs) will be promptly established for hydropower projects with a capacity of less than 10 megawatts. He noted that although electricity availability decreases during dry seasons, the purchase agreements will still take the purchase rates into consideration.

Facilitation to Be Provided for Nepali Citizens Investing Abroad

Finance Minister Swarnim Wagle announced that the government will facilitate the process for Nepali citizens to invest abroad in the upcoming fiscal year 2083/84 budget. Minister Wagle presented the budget at the joint session of the Federal Parliament. Kathmandu, 15 Jestha — The government is working to make the provisions for Nepali citizens to invest overseas more accessible and effective. In his budget speech for the fiscal year 2083/84, Finance Minister Swarnim Wagle declared that efforts will be made to streamline this process. While briefing on the budget, he said, ‘We are working to make it easier for Nepali citizens to invest abroad.’ He delivered the budget during the joint session of the Federal Parliament.

Climate-Resilient Health Service Facility Established in Jajarkot

A newly renovated Bhur Health Post in Bheri Municipality, Jajarkot, was jointly inaugurated today, Thursday, with support from the Government of Japan and UNFPA. The project aims to strengthen maternal and newborn health services while addressing climate-related risks in Jajarkot and Rautahat districts. UNFPA Nepal’s Acting Representative, Shriram Haridas, stated, “This is not just a rebuilt health post.”

On May 29, in Kathmandu – The Bhur Health Post in Bheri Municipality, Jajarkot, was officially inaugurated through a collaborative effort involving the Government of Nepal, UNFPA, and the Japanese Embassy. This initiative is part of the “Improvement of Maternal and Child Health Services and Development of Adaptive Capacity” project in Nepal, financially supported by the Government of Japan and implemented by UNFPA.

The project focuses on strengthening maternal and newborn health services in Nepal’s most vulnerable communities. It includes physical improvements to health facilities, provision of essential equipment, and capacity building of healthcare workers, thereby exemplifying climate-resilient primary health care. Specifically, the initiative addresses critical gaps in health services responding to natural hazards such as floods and cold weather, which affect pregnant women and newborns in Jajarkot and Rautahat districts.

Despite natural disasters and climate-related threats, this project has reinforced Bhur Health Post and nine other health institutions to ensure continuous maternal and newborn care. It has supplied vital emergency medical life-saving materials, such as “medical camp kits,” enhancing critical resource reserves. Climate adaptation guidelines for operational management and service delivery have also been developed for health institution management committees at the local level to empower climate-resilient operations.

At a special ceremony, basic medical equipment was formally handed over to the health institutions, and certificates were presented to Dhime, Sakla Health Posts, Limsa Primary Hospital, and Bhagwati Health Post. UNFPA Nepal’s Acting Representative, Shriram Haridas, emphasized, “This health post is not merely a reconstructed building; it is a tangible example of what can be achieved when facts, investment, and government support come together. Nepali women deserve accessible, fully functional, and safe health institutions even during disasters and crises.”

Another accomplishment of the project is its support for sustainable planning and budget management at the local and provincial levels. This included evaluations, policy analyses, and formulation of health work plans with cost estimates for climate adaptation. During a workshop held today, policymakers, health system managers, and community representatives discussed these outcomes and strategies to prioritize climate-resilient health services in Karnali Province. Bheri Municipality Chief, Chandraprakash Gharti, expressed commitment to making climate adaptation mandatory in all municipal development plans. Japanese Embassy Deputy Chief of Mission, Shinto Yasuhara, reaffirmed Japan’s ongoing dedication to protecting Nepal’s vulnerable communities. The knowledge and models generated by the project are expected to have long-term, sustainable impacts beyond the districts where they have been implemented. During the event, health workers, mothers, and community members shared their experiences regarding access to and delivery of maternal health services during disasters and emergencies.

US Indicates Rising Threat of Military Intervention in Cuba

Cuba’s Deputy Foreign Minister Josefina Vidal has stated that the risk of US military intervention has increased following the breakdown of talks between the two nations. Tensions escalated after a US court filed charges against former Cuban President Raul Castro, accusing him of ordering the downing of civilian aircraft. Cuban Foreign Minister Bruno Rodríguez has warned that any military action by the US could lead to significant bloodshed and the loss of thousands of lives. On May 29, Kathmandu.

During a parliamentary hearing in the National Capital, Josefina Vidal accused Washington of seeking pretexts to attack Cuba by labeling it a national security threat. The administration of US President Donald Trump has imposed strict sanctions on countries supplying fuel to Cuba, resulting in an acute energy crisis and the worst economic downturn in decades for the island nation.

US Secretary of State Marco Rubio has expressed confidence that talks between the two countries, ongoing since March, will yield positive outcomes. However, Cuba has maintained a firm stance, refusing to accept US interference in its internal affairs and questioning the sincerity of Washington’s approach. Currently, tensions between the US and Cuba have intensified after the United States filed a murder charge against former Cuban President Raul Castro, accusing him of ordering the downing of two civilian planes operated by a Miami-based Cuban exile group in 1996. Cuba has condemned the charges as mere pretexts for military aggression. Cuban Foreign Minister Bruno Rodríguez cautioned that any military action by the US would result in massive bloodshed and the deaths of thousands of Cuban and American citizens.

Major Explosion on Blue Origin’s ‘New Glenn’ Rocket at Florida Launch Site

Video caption starting,

Significant Explosion During Testing of Blue Origin’s Rocket

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A major explosion occurred late Thursday night on Blue Origin’s ‘New Glenn’ rocket at the launch facility located in Cape Canaveral, Florida, United States.

Billionaire entrepreneur Jeff Bezos founded Blue Origin, a space technology company, in the year 2000.

The rocket was undergoing a pre-flight examination known as a ‘hot-fire test’ when the explosion took place. No injuries or fatalities have been reported following the blast.

The company described this incident as an “anomalous” event.

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नेपाललाई हराएर भारत तेस्रो – Online Khabar

India Defeats Nepal to Claim Third Place in KABA Women’s Volleyball Championship

In the third-place match of the KABA Women’s Volleyball Championship, India defeated Nepal 3-1 in sets. With this loss, Nepal finished fourth in the tournament, which featured eight teams. This marked Nepal’s second defeat to India in the competition, having also lost 3-2 during the group stage. 15 Jestha, Kathmandu.

India secured third place at the KABA Women’s Volleyball Championship. The match, held on Friday at the Dasarath Rangashala Covered Hall in Tripureshwor, ended with India overcoming Nepal 3-1 in sets. Following this result, Nepal concluded the championship in fourth position among the eight participating teams.

India took the first two sets 25-22 and 25-23, establishing a 2-0 lead. However, Nepal made a comeback in the third set, maintaining an early lead throughout and winning it decisively 25-15. Nonetheless, India sealed the match by clinching the fourth set 25-22. Despite Nepal’s efforts to avenge their earlier group stage defeat, they were unable to overcome India this time.

Entrepreneurship Development Bootcamp Successfully Concludes at Tribhuvan University

A three-day Entrepreneurship Development Bootcamp was successfully conducted in Kirtipur through a joint effort by Tribhuvan University Business Incubation Center and the Industrial Enterprise Development Institute. Approximately 30 aspiring entrepreneurs from various regions of the country participated in the event, which aimed to promote entrepreneurship through practical knowledge, skills, and mentoring. Acting Provost of Tribhuvan University, Prof. Dr. Shankar Prasad Khanal, emphasized the urgent need to link university education with entrepreneurship and innovation.

May 29, Kathmandu – The Entrepreneurship Development Bootcamp and Business Incubation Services program were jointly organized by Tribhuvan University Business Incubation Center and the Industrial Enterprise Development Institute. Held from May 25 to 27 at the incubation center’s hall in Tribhuvan University, Kirtipur, the program witnessed enthusiastic participation from around 30 new entrepreneurs and individuals interested in entrepreneurship from different sectors across the country.

During the inauguration, Prof. Dr. Shankar Prasad Khanal, acting provost of Tribhuvan University, highlighted the necessity of integrating university education with entrepreneurship and innovation in the present era. He stressed that programs like this play a vital role in empowering youth not just to seek employment but also to create jobs. Mani Ram Gautam, Acting Director of the Industrial Enterprise Development Institute, expressed confidence that the collaboration with Tribhuvan University would significantly contribute to promoting entrepreneurship and fostering new business development.

The event aimed to empower participants through practical knowledge, skill development, and mentoring. Director of Tribhuvan University’s Business Incubation Center, Prof. Dr. Tara Prasad Bhusal, provided an overview of the center’s establishment, objectives, and activities, stating that cultivating a culture of innovation, research, and entrepreneurship within the university is a primary focus. He remarked, “The program facilitated participants in transforming their business concepts into practical business plans.”

Deputy Director Dr. Pramod Paudel shared that the program focused on providing essential knowledge, skills, and networking opportunities needed for entrepreneurship development. Participants received hands-on training in business plan creation, market analysis, financial management, business model development, and presentation skills. Over the course of three days, 12 experienced trainers, experts, and mentors from diverse fields offered training and guidance on various aspects of entrepreneurship.