Today’s news centers on governance and accountability actions, alongside major economic and social updates affecting public services and infrastructure.
Politics & Governance
Nepali Congress is set to hold its Central Working Committee meeting at Khulamanch in Kathmandu to review reports ahead of the party’s 15th convention, including constitutional amendments and financial updates. The closed session is scheduled for today and tomorrow, with presentations from Gagan Kumar Thapa and party office-bearers. Separately, stakeholders in the tourism sector have reached agreement to form an umbrella body called the Nepal Tourism Federation to unify representation across associations.
Courts & Accountability
A special court sentenced Vikal Paudel, former executive director of the Security Printing Center, to two and a half years in connection with illegally acquiring about NPR 42 crore. The court also ordered a penalty equal to the same amount and ordered confiscation of assets, according to the case outcome report. In a separate banking-related case, Dipendra Ale was arrested in Mandikatar after nine months as an absconding accused, following a process tied to a fraud and bounced cheque complaint.
Economy & Business
Nepal Rastra Bank has invited international bids to mint 300 million two-rupee coins, requiring separate technical and financial proposals. The bidding document purchase period runs until November 3, 2026, and bids are due by November 4, 2026, the brief reported. Separately, a development assessment noted Nepal has fallen short of ambitious targets, highlighting gaps particularly in economic growth and infrastructure progress.
Society & Community
Myagdi faces ongoing humanitarian needs after floods and landslides affected over 500 households, with local authorities assessing damage and coordinating relief. In Rasuwa, 45 students from government and private schools remain uncontactable following the August 26 Bhotekoshi flood. The reports also state that some affected students have been shifted to nearby schools to continue classes after destruction of school buildings.
Date: October 05, 2026 (AD) | B.S.: Aswin 19, 2083
Top News
1. पर्यटन क्षेत्रका संघसंस्थाको छाता संगठन ‘नेपाल पर्यटन महासंघ’ बनाउने सहमति (www.onlinekhabar.com)
A consensus has been reached to establish an umbrella organization named 'Nepal Tourism Federation' for tourism sector associations in Nepal. This initiative aims to unify various stakeholders within the tourism industry to enhance collaboration and representation.
2. जर्मनीद्वारा युक्रेनलाई १ अर्ब युरोको नयाँ सैन्य सहायता घोषणा (www.ratopati.com)
Germany has announced a new military aid package for Ukraine worth approximately 1 billion euros, aimed at enhancing Ukraine's air defense capabilities amid ongoing drone and aerial attacks. Chancellor Friedrich Merz made the announcement during his visit to Kyiv, highlighting the provision of long-range weapons, satellite technology, and combat drones, along with 350 million euros for the restoration of Ukraine's energy infrastructure ahead of winter. This marks Merz's second visit to Ukraine since taking office, reinforcing Germany's commitment to support both military security and energy infrastructure restoration.
3. बयालीस करोडको भ्रष्टाचार साढे दुई वर्षको सजाय! (newsofnepal.com)
Vikal Paudel, the former executive director of the Security Printing Center, has been sentenced to two and a half years in prison for illegally acquiring approximately NPR 42 crore. The special court also ordered a penalty of the same amount and the confiscation of equivalent assets, raising concerns about the effectiveness of anti-corruption measures given the relatively lenient sentence for such a significant crime. This case highlights the need for stronger legal frameworks and oversight in public procurement and asset management to combat corruption effectively.
4. दुई रुपैयाँ दरका ३० करोड सिक्का छाप्दै राष्ट्र बैंक (www.ratopati.com)
Nepal Rastra Bank has called for international bids to mint 300 million two-rupee coins. The bidding process requires companies to submit separate technical and financial proposals, with a deadline set for November 4, 2026. Interested bidders must provide a bid security of at least 132,000 USD and can purchase bidding documents until November 3, 2026.
5. Absconding accused in banking offence case Dipendra Ale arrested (english.onlinekhabar.com)
Dipendra Ale, wanted in a banking offence case, was arrested in Mandikatar after nine months of hiding. He had taken Rs 500,000 from a woman under the pretense of sending her to Europe but instead took her to India, leading to a complaint filed with the Nepal Police Human Trafficking Investigation Bureau. Following a bounced cheque and subsequent legal actions, the District Court Kathmandu issued an arrest warrant on January 14, which was executed on Sunday.
6. म्याग्दी बाढीपहिरो : साढे पाँच सय घरपरिवार प्रभावित (www.onlinekhabar.com)
In Myagdi, over 500 households have been affected by landslides and flooding. The local authorities are assessing the damage and coordinating relief efforts for the impacted families.
7. कांग्रेस केन्द्रीय कार्यसमितिको बैठक आज खुलामञ्चमा बस्दै (newsofnepal.com)
The Central Working Committee meeting of the Nepali Congress is scheduled to take place today at Khulamanch in Kathmandu. The meeting will discuss various reports to be presented during the closed session of the party's 15th convention, with key presentations from Chairman Gagan Kumar Thapa, the General Secretary on constitutional amendments, and the Treasurer on financial reports. The closed session will be held today and tomorrow.
8. एआई रणनीतिबारे नेपालका रणनीतिकारहरुलाई खुला पत्र (www.ratopati.com)
An open letter to Nepal's leaders highlights the transformative impact of the artificial intelligence (AI) revolution on the economy and employment, particularly in the service, clerical, and IT sectors. It warns that AI could significantly reduce remittance income, which constitutes 23-25% of Nepal's GDP, and calls for strategic planning to harness AI as an opportunity in tourism and agriculture while considering policies like Universal Basic Income. The letter emphasizes the urgency for political leaders to prioritize national interests over party politics in addressing the potential challenges posed by AI.
9. Nepal falls short of ambitious target (risingnepaldaily.com)
Nepal has not met its ambitious development targets, indicating challenges in achieving set goals. Specific areas of concern include economic growth and infrastructure development, which require urgent attention to align with national objectives.
10. भोटेकोशी बाढी: रसुवाका ४५ विद्यार्थी अझै सम्पर्कविहीन (nepalnews.com)
In Rasuwa, 45 students from three government schools and one private school remain uncontactable following the devastating flood on August 26. Four school buildings, including Nepal National Basic School Timure and Malika Devi Basic School, were completely destroyed. Alternative arrangements for the affected students have been made, with some being relocated to nearby schools for continued education.
Forex
| Currency Pair | Rate (NPR) |
|---|---|
| USD → NPR | 154.41 |
| CAD → NPR | 108.46 |
| AUD → NPR | 107.14 |
| GBP → NPR | 203.98 |
| JPY → NPR | 9.8 |
Metal Prices (International)
| Metal | Price (USD/oz) | Price (NPR/tola) |
|---|---|---|
| Gold | $4137.58 | NPR 239,581.14 |
| Silver | $61.02 | NPR 3,533.28 |
Disclaimer
- Forex rates are sourced from the Nepal Rastra Bank (NRB).
- International gold and silver prices are sourced from swissquote.
- Nepal gold and silver prices are sourced from Federation of Nepal Gold and Silver Dealers' Association.
Prices are provided for informational purposes only and may be delayed, or inaccurate.
