Today’s news centers on provincial and national budget preparations, alongside economic pressures and business impacts.
Politics & Governance
Nepal’s provincial governments are moving to present their budget plans for fiscal year 2083/84 today, with finance ministers set to brief their respective assemblies on income and expenditure. All seven provinces releasing budgets will occur on a scheduled timetable, starting with Madhesh Province at 1 PM. Lumbini Province is also set to present its budget focusing on agriculture, health, education, infrastructure, tourism, and energy, with an expected allocation around NPR 38 billion, as reported in its budget coverage. Lumbini government unveils budget
Finance Minister Dr. Swarnim Waglé said the government intends to end the compulsion for youth to go abroad to fulfill their dreams, with steps starting through the upcoming budget. He linked the plan to tax relief for young entrepreneurs and efforts to digitize government services, aiming to ease business burdens over a five-year timeline. Finance minister on ending overseas compulsion
Courts & Accountability
No court, investigation, or accountability developments were included in the provided briefs for today.
Economy & Business
Budget scrutiny is underway in the House of Representatives, where lawmakers will deliberate on budget allocation under ministry headings on June 15 and 16, with ministers responding to queries in subsequent sessions. The government presented revenue and expenditure estimates for fiscal year 2083/84 on May 29, and the finance minister has already addressed general budget questions. House of Representatives budget deliberations
Public reactions to the broader fiscal direction remain mixed, with some citizens expecting growth and infrastructure improvements while others cite higher living costs and insufficient targeted support. Criticism also persists around whether tax changes will translate into tangible service quality, particularly for low-income groups. Public take on the budget
Business and market conditions show notable strain, including a tea-sector shutdown in Ilam due to an Indian export blockade tied to new Tea Board regulations. Ilam tea industries to shut down said around 1.2 million kg of processed tea is stranded, with most holding either in warehouses in India or accumulated within Nepal, threatening farmers and employment linked to the industry. Separately, gold prices rose in Nepal by NPR 5,000 per tola to NPR 298,200, according to the Nepal Gold and Silver Dealers Association. Gold price increases
International markets also reacted positively to a US-Iran ceasefire, with major stock indices rising and crude oil prices falling. US and Iran ceasefire lifts stock markets reported gains across Japan, South Korea, Taiwan, and Australia alongside declines in Brent and WTI.
Society & Community
Road safety monitoring recorded 2,025 traffic rule violations across Nepal within a 24-hour period, underscoring continuing compliance and enforcement challenges. Traffic violations recorded reflects ongoing concerns about road safety and the need for adherence to traffic regulations.
Date: June 15, 2026 (AD) | B.S.: Asar 01, 2083
Top News
1. आगामी आर्थिक वर्षको बजेट ल्याउँदै लुम्बिनी सरकार : उत्पादन वृद्धि र रोजगारी सिर्जनामा केन्द्रित हुने (www.ratopati.com)
Lumbini Province is set to present its annual budget for the fiscal year 2083/084, focusing on agriculture, health, education, infrastructure, tourism, industry, and energy. The budget aims to enhance production, create jobs, and promote good governance and social justice, with an expected allocation of around NPR 38 billion, similar to the previous year's budget. Key priorities include modernizing agriculture, upgrading hospitals, expanding technical education, and developing Lumbini as an international religious and health tourism center.
2. आज सातै प्रदेशले आगामी आर्थिक वर्षको बजेट सार्वजनिक गर्दै (nepalnews.com)
All seven provincial governments of Nepal are set to present their annual budgets for the fiscal year 2083/84 today. Each province's finance ministers will detail their income and expenditure in respective provincial assembly meetings, adhering to the constitutional requirement to present the budget by the first day of the month of Ashad. Madhesh Province will present its budget first at 1 PM, followed by Karnali at 3 PM, while Koshi, Bagmati, and Gandaki will present theirs at 4 PM, and Lumbini and Sudurpashchim will do so at 5 PM.
3. ‘सपना पूरा गर्न विदेश नै जानुपर्ने बाध्यताको अन्त्य हुन्छ’ -अर्थमन्त्री (arthasarokar.com)
Finance Minister Dr. Swarnim Waglé announced that the government aims to eliminate the necessity for youth to go abroad to fulfill their dreams. Speaking at the National Youth Entrepreneurship Conference 2083 in Kathmandu, he stated that initiatives will begin with the upcoming budget and will be completed within five years. He highlighted tax relief for young entrepreneurs, digitalization of government services, and measures to ease business burdens as part of a new path for national development.
4. HoR deliberation on budget allocation under ministry headings on June 15, 16 (theannapurnaexpress.com)
The House of Representatives will deliberate on budget allocation under ministry headings on June 15 and 16, with ministers responding to queries on June 17 and 18. The government presented the revenue and expenditure estimates for the fiscal year 2083/84 on May 29, and Finance Minister Dr. Swarnim Wagle has already addressed general budget queries.
5. Lumbini Province government presenting budget today (risingnepaldaily.com)
The Lumbini Province government is set to present its budget today. This budget announcement is expected to outline financial allocations for various sectors within the province.
6. एकैदिन तोलामा ५ हजार रुपैयाँले बढ्यो सुनको मूल्य, प्रतितोला कति ? (arthasarokar.com)
On Monday, the price of gold increased by NPR 5,000 per tola, reaching NPR 298,200, compared to NPR 293,200 the previous day. The price of silver also rose by NPR 120 per tola, now trading at NPR 5,015. According to the Nepal Gold and Silver Dealers Association, the price for 10 grams of gold is NPR 255,660, while silver is priced at NPR 4,299.50.
7. Public take on the budget for fiscal year 2026/27 (theannapurnaexpress.com)
the government does not address the rising costs of living and ensure quality services, public frustration may continue to grow. The budget for fiscal year 2026/27 has elicited mixed reactions, with some citizens expressing hope for economic growth and infrastructure improvements, while others criticize the increased costs of utilities and inadequate support for low-income individuals. Concerns about the effectiveness of tax increases and the impact on daily life remain prevalent among the public.
8. Ilam tea industries to shut down amid Indian export blockade (english.onlinekhabar.com)
Tea industrialists in Ilam will shut down operations starting June 15 due to an Indian export blockade caused by new regulations from the Indian Tea Board, which have led to significant delays and complications in quality checks. The Sunrise Orthodox Tea Producers Association reported that approximately 1.2 million kg of processed tea is stranded, with over 200,000 kg stuck in Indian warehouses and more than 1 million kg piled up in Nepal. The association has called for cooperation from all levels of government and stakeholders to resolve the crisis affecting tea farmers and the industry.
9. 2,025 cases of traffic rule violations recorded in 24 hours (risingnepaldaily.com)
In a 24-hour period, authorities recorded 2,025 cases of traffic rule violations across the country. This surge highlights ongoing concerns regarding road safety and adherence to traffic regulations.
10. अमेरिका र इरानबीच युद्धविराम, अन्तराष्ट्रिय सेयर बजारमा उछाल ! (arthasarokar.com)
A ceasefire agreement between the United States and Iran has been officially announced by President Donald Trump, leading to a surge in international stock markets. The Nikkei 225 in Japan rose over 5%, while South Korea's KOSPI increased by 5.7%, and Taiwan's TAIEX and Australia's ASX 200 saw gains of 2.7% and 1.5%, respectively. Additionally, crude oil prices dropped significantly, with Brent crude falling by $3.58 to $83.75 per barrel and West Texas Intermediate down by $4.01 to $80.87 per barrel.
Forex
| Currency Pair | Rate (NPR) |
|---|---|
| USD → NPR | 152.48 |
| CAD → NPR | 109.0 |
| AUD → NPR | 107.44 |
| GBP → NPR | 204.44 |
| JPY → NPR | 9.52 |
Metal Prices (International)
| Metal | Price (USD/oz) | Price (NPR/tola) |
|---|---|---|
| Gold | $4328.44 | NPR 247,499.93 |
| Silver | $70.46 | NPR 4,028.90 |
Metal Prices (Nepal)
| Metal | Price (NPR/tola) |
|---|---|
| Fine Gold (9999) | NPR 298,200.00 |
| Silver | NPR 5,015.00 |
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.
