Today’s news centers on parliamentary and constitutional processes alongside court verdicts, political maneuvering, and budget and investment updates.
Politics & Governance
Nepali Congress President Gagan Thapa reiterated that integrating 111 central committee members into the current committee without updating active membership is against the party’s constitution, while opponents accused him of prioritizing internal conditions over unity. General Secretary Gururaj Ghimire said discussions for internal unity are ongoing, with a possible mechanism to help complete the 15th convention while addressing factional concerns, according to Nepali Congress internal unity dispute. In parallel, the National Assembly is scheduled to convene as ministers respond to oral questions, and the annual report of the National Inclusive Commission for FY 2081-82 is set for discussion, as outlined in National Assembly meeting details.
Budget and legislative timelines advanced as the federal budget for FY 2026/27, totaling Rs 2.124 trillion, gained approval from both houses of Parliament after the National Assembly endorsed the appropriation framework. Finance Minister Dr. Swarnim Wagle presented the Appropriation Bill, 2083, alongside the Financial Bill, 2083, with the government aiming to reduce overspending by lowering the ceiling for FY 2083/84, per Budget approval from both houses. The constitutional and ordinance replacement process also moved forward with the President certifying replacement bills, allowing formal legislative work to continue, as reported in President certifies replacement bills.
Courts & Accountability
The Kathmandu District Court has termed Top Bahadur Rayamajhi, Bal Krishna Khand, and former Home Secretary Tek Narayan Pandey guilty in the Bhutanese refugee scam, alongside 20 others, with sentencing scheduled for July 13. The verdict found they sent non-Bhutanese individuals abroad under the guise of Bhutanese refugees, while seven defendants were acquitted and additional accused including Teknath Rijal were also found guilty, as detailed in Bhutanese refugee scam convictions. The case outcome reinforces the court’s findings on the alleged scheme involving misrepresentation of refugee identity, with the next procedural step being sentencing.
Economy & Business
Prime Minister Balendra Shah held investment-focused talks with representatives of Nepal’s construction sector, seeking an environment conducive to investment and addressing constraints in infrastructure delivery. The discussion covered issues such as delayed payments and contract management, with participants emphasizing the need for improved government-private coordination to sustain the industry, according to PM Shah investment talks with construction sector. This engagement also comes as Parliament progressed with the FY 2026/27 budget approval, which may shape funding and spending frameworks for infrastructure and related projects, as reported in Budget approval from both houses.
Date: July 10, 2026 (AD) | B.S.: Asar 26, 2083
Top News
1. Bhutanese Refugee Scam: Ex-DPM Rayamajhi and Ex-Home Minister Khand termed guilty (english.onlinekhabar.com)
Former Deputy Prime Minister Top Bahadur Rayamajhi, former Home Minister Bal Krishna Khand, and former Home Secretary Tek Narayan Pandey have been convicted in the Bhutanese refugee scam by the Kathmandu District Court, along with 20 others. The court found them guilty of sending non-Bhutanese individuals abroad under the guise of Bhutanese refugees, with sentencing scheduled for July 13. Seven defendants were acquitted, while Bhutanese refugee leader Teknath Rijal and others were also found guilty of related crimes.
2. कांग्रेस अन्तरविरोध : दुवै पक्षका अडान पार्टी जुटाउन कि फुटाउनतिर ? (www.ratopati.com)
Nepali Congress President Gagan Thapa stated that integrating 111 central committee members from the 14th convention into the current committee without updating active membership is against the party's constitution. Leaders from the opposing faction accused Thapa of not wanting to maintain party unity unless their conditions for a fair convention are met. Meanwhile, General Secretary Gururaj Ghimire indicated that discussions for internal unity are progressing, and a political mechanism may be established to ensure a successful 15th convention while addressing the concerns of both factions.
3. संसद्का दुई समितिको बैठक बस्दै, यस्ता छन् छलफलका एजेन्डा (www.ratopati.com)
The Public Accounts Committee of the House of Representatives and the Public Policy and Legislation Committee of the National Assembly will hold meetings on Friday. The Public Accounts Committee will discuss outstanding issues and form a subcommittee, while the National Assembly committee will focus on library policy, with expert presentation by Hirendra Bahadur Shahi.
4. Indian Ambassador Srivastava pays courtesy call on Speaker Aryal (theannapurnaexpress.com)
Indian Ambassador Naveen Srivastava met with Speaker of the House of Representatives Dol Prasad Aryal, where Aryal expressed gratitude for India's logistical support during Nepal's elections. They discussed enhancing connectivity through civil aviation, rail, and bus services, and Aryal extended an invitation for Indian Lok Sabha Speaker Om Birla to visit Nepal, while also emphasizing the formation of a Nepal-India Parliamentary Group to boost cooperation. Both officials highlighted the importance of mutual support and collaboration in areas such as trade, education, and technology.
5. राष्ट्रियसभा बैठक : दुई मन्त्रीले मौखिक प्रश्नको उत्तर दिने (www.ratopati.com)
The National Assembly meeting will convene today at 1:15 PM, where Ministers Sita Badi and Gita Chaudhary will respond to oral questions related to their respective portfolios. Additionally, the annual report of the National Inclusive Commission for the fiscal year 2081-82 will be discussed during the session.
6. PM Shah holds investment-focused talks with representatives of construction sector (theannapurnaexpress.com)
Prime Minister Balendra Shah met with representatives from the construction sector to promote an investment-friendly environment and address challenges in infrastructure development. Key issues discussed included delayed payments, contract management, and the need for better government-private sector cooperation to ensure the sustainability of the construction industry. Notable attendees included FCAN officials such as Nikolas Pandey and Mukesh Pant, who highlighted the hurdles faced by the sector.
7. Budget secures approval from both houses of Parliament (english.onlinekhabar.com)
The budget for the fiscal year 2026/27, amounting to Rs 2.124 trillion, has been approved by both houses of the Federal Parliament, following endorsement by the National Assembly after its passage in the House of Representatives. Finance Minister Dr. Swarnim Wagle presented the Appropriation Bill, 2083, which was approved by a majority vote, along with the Financial Bill, 2083. The government aims to curb overspending by setting a lower budget ceiling for FY 2083/84.
8. संविधानका आधारभूत सिद्धान्तमा सम्झौता हुँदैन : कांग्रेस (www.onlinekhabar.com)
The Nepali Congress party has stated that there will be no compromise on the fundamental principles of the constitution. This declaration emphasizes their commitment to uphold constitutional integrity amidst ongoing political discussions.
9. राष्ट्रपतिले प्रमाणीकरण गरे चारवटै अध्यादेश प्रतिस्थापन विधेयक (www.onlinekhabar.com)
The President has certified four replacement bills for ordinances. This decision allows for the formal legislative process to proceed regarding these bills.
10. President Paudel certifies four bills (theannapurnaexpress.com)
President Ram Chandra Paudel has certified four bills: the Public Procurement (Second Amendment) Bill, the Prevention of Money Laundering (Third Amendment) Bill, the Cooperatives (First Amendment) Bill, and the Bill to Amend Some Nepal Acts Related to Institutes of Health Science. These bills were passed by the Federal Parliament and forwarded to the President's Office on the same day.
Forex
| Currency Pair | Rate (NPR) |
|---|---|
| USD → NPR | 152.93 |
| CAD → NPR | 107.85 |
| AUD → NPR | 106.1 |
| GBP → NPR | 205.03 |
| JPY → NPR | 9.42 |
Metal Prices (International)
| Metal | Price (USD/oz) | Price (NPR/tola) |
|---|---|---|
| Gold | $4115.71 | NPR 236,030.57 |
| Silver | $60.37 | NPR 3,462.14 |
Metal Prices (Nepal)
| Metal | Price (NPR/tola) |
|---|---|
| Fine Gold (9999) | NPR 287,400.00 |
| Silver | NPR 4,510.00 |
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.
