Today’s news in Nepal centers on parliamentary agenda-setting and accountability debates, alongside financial and governance concerns and climate-linked development initiatives.
Politics & Governance
Nepal’s House of Representatives is scheduled to meet at 11 AM, where Finance Minister Dr. Swarnim Wagle will present the Appropriation Bill 2083, while the Intangible Cultural Heritage (Protection) Bill 2083 is also expected to be addressed. The same sitting includes plans for Minister Gauri Kumari to present related International Labour Organization instruments on labor inspection and forced labor protocols. House of Representatives meeting underway
In parliamentary discussions around the budget, RPP MP Gyan Bahadur Shahi criticized the Finance Minister’s credibility and said the budget risks capital flight and adverse impacts on health and pharmaceuticals. Relatedly, Finance Minister Dr. Swarnim Wagle stated he would leave ministerial and public life if allegations against him are proven true. Gyanendra Shahi’s comment on the budget Allegations proven true—finance minister’s resignation pledge
Courts & Accountability
Accountability concerns resurfaced in the legislature as Gyan Bahadur Shahi demanded immediate investigation of a customs tax evasion case and called for a parliamentary inquiry committee. He accused the Finance Minister and the government of failing to implement Auditor General recommendations linked to recovering revenue from customs exemptions, particularly regarding electric vehicles. Finance Minister lied over customs tax evasion case
Beyond parliamentary disputes, governance of financial markets also faced practical strain as the Securities Board of Nepal’s work was reported halted due to the absence of an executive chairman, contributing to disorder in the stock market. Market participants raised concerns about stability and oversight in the financial sector. Securities Board work halted due to absence of executive chairman
Economy & Business
Economic and administrative readiness became a focus as Home Minister Sudhan Gurung complained that budget shortfalls in his ministry were limiting disaster management and drug control efforts, citing a 20 billion rupee gap. He also pointed to procurement delays caused by public procurement procedures, and asked for legislative support to amend relevant regulations. Budget crunch in ministries—Home Minister Gurung
Meanwhile, enforcement activity generated reported collections of Rs 1.88 million from traffic rule violations, reflecting ongoing regulation and compliance measures. Revenue collected for traffic rules violations
In development-linked business and resilience, WFP and Nepal launched the Climate Innovation Accelerator under the Adaptation Fund framework to strengthen climate resilience and food security. The initiative selected four Nepali startups for support addressing climate risks to food systems, aiming to scale local innovation through partnerships and investment. Climate Innovation Accelerator launch
Society & Community
Cultural recognition featured prominently as the Film Critics Society of Nepal (FICSON) announced the Critics Film Awards for 2082 B.S., with “Unko Sweater” winning Best Film and multiple major honors. Hari Bansha Acharya and Anna Sharma won top acting awards for their roles in “Bhuthan” and “Rammita Koo Pirati,” while Nabin Chauhan received Best Director and Best Screenplay. Critics Film Awards 2082 winners
On broader regional engagement, Foreign Minister Shishir Khanal said Nepal intends to resolve border issues with India through diplomatic talks, referencing historical treaties and maps. He also said no third-party mediation had been sought, and reported discussions during his recent visit covering trade, energy partnership, and shared security. Border issues via diplomatic talks—Foreign Minister Khanal
Date: June 12, 2026 (AD) | B.S.: Jestha 29, 2083
Top News
1. Unko Sweater sweeps Critics Film Awards 2082; Hari Bansha Acharya, Anna Sharma bag top acting honours (english.onlinekhabar.com)
The Film Critics Society of Nepal (FICSON) announced the Critics Film Awards for the Nepali calendar year 2082 B.S., with "Unko Sweater" winning Best Film and four major awards overall. Nabin Chauhan received Best Director and Best Screenplay for the film, while Hari Bansha Acharya and Anna Sharma won Best Actor and Best Actress, respectively, for their performances in "Bhuthan" and "Rammita Koo Pirati." The society plans to hold a joint award ceremony for both 2081 and 2082 B.S. soon, with details to be announced later.
2. Govt to settle Nepal-India border issues thru diplomatic talks: Foreign Minister Khanal (theannapurnaexpress.com)
Foreign Minister Shishir Khanal stated that the Nepalese government aims to resolve border issues with India through diplomatic talks, referencing historical treaties and maps. He clarified Prime Minister Balendra Shah's comments on cross-border occupation during a recent parliamentary meeting and emphasized that no third-party mediation has been sought. Khanal also reported on his recent visit to India, highlighting discussions on trade, energy partnership, and shared security concerns to strengthen bilateral relations.
3. प्रतिनिधिसभा बैठक बस्दै, अर्थमन्त्रीले विनियोजन विधेयक २०८३ प्रस्तुत गर्ने (nepalnews.com)
The House of Representatives is convening at 11 AM today, where Finance Minister Dr. Swarnim Wagle will present the Appropriation Bill 2083. Culture, Tourism, and Civil Aviation Minister Khadkaraj Poudel will address the Intangible Cultural Heritage (Protection) Bill 2083, while Minister Gauri Kumari, who also oversees Youth, Labor, and Employment, is expected to present the International Labour Organization's Convention No. 81 on labor inspection. Additionally, she will introduce Protocol No. 29 related to the ILO's Forced Labour Convention of 1930.
4. बजेटबारे ज्ञानेन्द्र शाहीको टिप्पणी- ‘अर्थमन्त्रीलाई विज्ञ भन्ने ठाउँ नै रहेन’ (arthasarokar.com)
Rastriya Prajatantra Party (RPP) MP Gyan Bahadur Shahi criticized Finance Minister Dr. Swarnim Wagle, stating there is no basis to consider him an expert due to the budget presented. During a parliamentary discussion, Shahi expressed dissatisfaction, claiming the budget facilitates capital flight and imposes taxes on medical treatment, which he deemed cruel to citizens battling illness. He also warned that the budget could jeopardize Nepal's pharmaceutical industry.
5. आरोप प्रमाणित भए मन्त्री मात्रै नभई सार्वजनिक जीवन नै त्याग्ने अर्थमन्त्रीको घोषणा (rajdhanidaily.com)
Finance Minister Dr. Swarnim Wagle announced that he would resign from his ministerial position and public life if allegations against him are proven true. During a parliamentary discussion on the new budget for the fiscal year 2083-084, he defended the budget's principles and policies, asserting it is based on the National Independent Party's equitable economic philosophy rather than traditional communist models. He faced criticism regarding tax policy changes and alleged information leaks, which he dismissed as baseless and politically motivated, while emphasizing the need for economic opportunities over mere financial aid.
6. कार्यकारी अध्यक्ष नहुँदा धितोपत्र बोर्डका काम ठप्प, अस्तव्यस्त सेयर बजार (www.onlinekhabar.com)
The absence of an executive chair has halted the operations of the Securities Board of Nepal, leading to a disorganized stock market. This situation has raised concerns among investors and market participants regarding the stability and governance of the financial sector.
7. WFP and Nepal launch Climate Innovation Accelerator to boost food security (english.onlinekhabar.com)
The United Nations World Food Programme (WFP) and Nepal's Ministry of Agriculture, Forests and Environment have launched the Adaptation Fund Climate Innovation Accelerator (AFCIA) to enhance climate resilience and food security. Four Nepali startups— aQysta Nepal, DV Excellus, Gham Power, and PlantSat—were selected to receive support for innovative solutions addressing climate risks affecting food systems. The initiative aims to empower local innovators and strengthen agricultural resilience through partnerships and investment.
8. Rs 1.88 million collected in revenue for traffic rules violations (risingnepaldaily.com)
A total of Rs 1.88 million has been collected in revenue from traffic rules violations. This amount reflects the enforcement of traffic regulations in the region.
9. मन्त्रालयमा बजेट अभाव भएको गृहमन्त्री गुरुङको गुनासो (arthasarokar.com)
Home Minister Sudhan Gurung expressed concerns over the insufficient budget for the Ministry of Home Affairs during a meeting of the State Affairs and Good Governance Committee. He emphasized the need for a budget increase to effectively address governance, disaster management, and drug control, noting a shortfall of 20 billion rupees despite his efforts to secure additional funds. Gurung also highlighted delays in purchasing rescue materials due to cumbersome public procurement laws and called for collaboration with lawmakers to amend these regulations and improve drug control strategies.
10. ‘भन्सार कर छली प्रकरणमा अर्थमन्त्रीले झुट बोल्नुभयो’- सांसद शाही (arthasarokar.com)
Knowledgeable leader of the Rastriya Prajatantra Party, Gyan Bahadur Shahi, has urged the government to investigate the customs tax evasion case immediately. Speaking in the House of Representatives, he accused Finance Minister Bhagal of lying to the parliamentary committee regarding tax evasion involving electric vehicles and demanded the formation of a parliamentary inquiry committee. Shahi expressed dissatisfaction over the government's failure to implement the Auditor General's recommendations from last year to recover revenue from customs exemptions granted to certain vehicles.
Forex
| Currency Pair | Rate (NPR) |
|---|---|
| USD → NPR | 153.52 |
| CAD → NPR | 109.84 |
| AUD → NPR | 107.39 |
| GBP → NPR | 205.16 |
| JPY → NPR | 9.56 |
Metal Prices (International)
| Metal | Price (USD/oz) | Price (NPR/tola) |
|---|---|---|
| Gold | $4189.39 | NPR 241,182.92 |
| Silver | $66.93 | NPR 3,853.16 |
Metal Prices (Nepal)
| Metal | Price (NPR/tola) |
|---|---|
| Fine Gold (9999) | NPR 292,000.00 |
| Silver | NPR 4,840.00 |
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.
