Nepal’s day’s developments centered on governance decisions, political realignments in Bagmati, and steps toward investigations, accountability, and fiscal adjustments.
Politics & Governance
The Council of Ministers endorsed an agreement with victims of loan sharking and declared forged loan-related documents illegal, while also scrapping the equity tax for education and health sectors. Separately, CPN-UML withdrew support from the Bagmati Province Government, with Jagannath Thapaliya submitting resignations of UML ministers to Chief Minister Indra Bahadur Baniya. The political shift leaves the provincial government in a minority position and sets up the need for a confidence vote within 30 days. Loan shark victims agreement Bagmati Province Government support withdrawal Bagmati provincial ministers resignation
Courts & Accountability
The Supreme Court stayed an arrest warrant against MP Shah while the government announced a judicial probe committee into the self-immolation of Ganesh Nepali. The probe will be led by former high court judge Keshav Prasad Bastola, and the committee formation was announced by Education and Sports Minister Sashmit Pokharel. Separately, authorities in Dhanusha arrested 44 absconding defendants, reflecting continued enforcement against people with outstanding warrants. Judicial probe committee for Ganesh Nepali case Supreme Court stay of arrest warrant against MP Shah 44 absconding defendants arrested in Dhanusha
Economy & Business
Bagmati Province allocated Rs. 190 million to local levels to strengthen disaster response preparedness and reduce disaster impacts. In tax and revenue administration, Jaleshwar customs failed to meet its fiscal-year revenue target, collecting only 70% of the projected amount and raising questions about operational efficiency and compliance. These developments point to both public spending priorities and ongoing pressure on revenue performance. Bagmati Rs. 190 million for disaster response Jaleshwar customs revenue target shortfall Equity tax scrapped for education and health
Society & Community
Dr. Govinda KC arrived in Dhangadhi and is set to begin a hunger strike on Wednesday, presenting five points as the basis of his demands though the details were not specified in the report. In public service and governance continuity, Bagmati’s political changes coincide with ongoing administrative adjustments at the provincial and local levels. Additionally, government decisions on forged loan documents and the probe into the self-immolation case reflect continued attention to public grievances and accountability. Dr. Govinda KC hunger strike in Dhangadhi Government declares forged loan documents illegal Judicial probe into self-immolation case
Date: July 23, 2026 (AD) | B.S.: Shrawan 07, 2083
Top News
1. Govt endorses agreement with loan shark victims, declares forged documents illegal (theannapurnaexpress.com)
The government has approved an agreement with victims of loan sharking and declared all forged loan-related documents illegal during a Council of Ministers meeting in Singh Durbar. Additionally, the government has scrapped the equity tax on the education and health sectors and the Supreme Court has stayed an arrest warrant against MP Shah.
2. UML withdraws support from Bagmati Province Government (theannapurnaexpress.com)
The CPN-UML has withdrawn its support from the Bagmati Province Government, with Provincial Parliamentary Party Leader Jagannath Thapaliya submitting the resignation of party ministers to Chief Minister Indra Bahadur Baniya. This decision aligns with the UML's central directive and the prevailing political circumstances.
3. Govt forms probe committee into Ganesh Nepali self-immolation case (theannapurnaexpress.com)
The government has established a judicial probe committee to investigate the self-immolation of Ganesh Nepali, led by former high court judge Keshav Prasad Bastola, as announced by Education and Sports Minister Sashmit Pokharel. Additionally, the Supreme Court has stayed the arrest warrant against MP Shah, while the government has scrapped the equity tax on the education and health sectors.
4. धनगढी पुगे डा.गोविन्द केसी, विहीबारदेखि अनसन बस्ने, यस्ता छन् पाँच बुँदे माग (www.onlinekhabar.com)
Dr. Govinda KC has arrived in Dhangadhi and plans to begin a hunger strike on Wednesday. He is demanding five specific points, although the details of these demands were not disclosed in the report.
5. Bagmati allocates Rs. 190 million to local levels for disaster response (risingnepaldaily.com)
The Bagmati Province government has allocated Rs. 190 million to local levels to enhance disaster response efforts. This funding aims to improve preparedness and mitigate the impact of potential disasters in the region.
6. Bagmati coalition collapses as UML withdraws support (english.onlinekhabar.com)
All six CPN-UML ministers in the Bagmati Provincial Government have resigned, withdrawing the party from the ruling coalition led by Chief Minister Indra Bahadur Baniya. The resignation, prompted by discussions on power-sharing between UML Chairperson KP Sharma Oli and CPN (Maoist Centre) Chair Pushpa Kamal Dahal, leaves Baniya's government in a minority, necessitating a vote of confidence within 30 days.
7. PM Shah holding consultation with OAN representatives today (risingnepaldaily.com)
Prime Minister Shah is scheduled to hold consultations with representatives from the Organization of American Nations (OAN) today. The discussions are expected to focus on enhancing bilateral relations and cooperation.
8. Jaleshwar customs fails to meet revenue target (risingnepaldaily.com)
Jaleshwar customs has not met its revenue target for the fiscal year, falling short by a significant margin. The customs office collected only 70% of the projected revenue, raising concerns about efficiency and compliance in the region.
9. धनुषामा एकैदिन ४४ फरार प्रतिवादी पक्राउ (www.onlinekhabar.com)
In Dhanusha, 44 absconding defendants were arrested in a single day. The operation was part of a broader effort to apprehend individuals with outstanding warrants.
Forex
| Currency Pair | Rate (NPR) |
|---|---|
| USD → NPR | 154.81 |
| CAD → NPR | 109.81 |
| AUD → NPR | 108.28 |
| GBP → NPR | 207.0 |
| JPY → NPR | 9.5 |
Metal Prices (International)
| Metal | Price (USD/oz) | Price (NPR/tola) |
|---|---|---|
| Gold | $4122.84 | NPR 239,346.07 |
| Silver | $59.7 | NPR 3,465.81 |
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.
