Politics & Governance
Prime Minister Balendra Shah said the government is prepared to root out corruption within a year, emphasizing monitoring by different ministries and reforms across state offices. The commitment was made during questions in the House of Representatives, as reported in Prime Minister Oli’s corruption pledge. Finance Minister Dr. Swarnim Wagle also framed the upcoming fiscal outlook by arguing that the budget is modest relative to GDP, as discussed in Finance Minister Wagle on budget-to-GDP size.
Courts & Accountability
Jhlnath Khanal criticized Balen Shah’s public statements, saying the remarks were dangerous and not suitable for someone seeking to sit in the Prime Minister’s chair. The reaction adds pressure to keep political discourse within responsible boundaries, as covered in Jhlnath on Balen’s statements. Separately, accountability concerns in border-related violence are being advanced through official inquiry, including a home ministry team investigating the Humla–Bajura dispute, reported in Home ministry team to investigate Humla–Bajura dispute.
Economy & Business
Budget discussions are set to begin in the House of Representatives from today, with Finance Minister Dr. Swarnim Wagle presenting the agenda for general debate on revenue and expenditure estimates. Parliament is expected to move forward with deliberations scheduled for 1 PM, as reported in Parliament to discuss the budget from today. Wagle reiterated that while the budget appears large, it is small in GDP proportion, and highlighted a shift toward staying within implementation capacity, as covered in Finance Minister Wagle on budget size.
Society & Community
In Bagmati Province, the Assembly has started debate on the policy and programs for fiscal year 2083/84, beginning with a clause-by-clause review of proposals presented by Chief Minister Deepak Prasad Devkota. The session is scheduled to begin at 1:00 PM, according to Bagmati Province Assembly debate on policy and programs. Madhes Province has also initiated detailed debate on its policy priorities, including agriculture-focused plans, with plans to release the full budget after approval, as described in Madhes Province debate on policy and programs.
Date: June 01, 2026 (AD) | B.S.: Jestha 18, 2083
Top News
1. ‘आकारमा ठूलो देखिए पनि आगामी आर्थिक वर्षको बजेट जिडिपीको अनुपातमा सानो हो’- अर्थमन्त्री वाग्ले (arthasarokar.com)
Finance Minister Dr. Swarnim Wagley stated that the upcoming fiscal year's budget is small in relation to the Gross Domestic Product (GDP), despite appearing large in size. He noted that the projected GDP for the current fiscal year is approximately NPR 7.458 trillion, with the budget comprising only 28.5% of that total, breaking the previous trend of exceeding 30% to align with the state's implementation capacity. Dr. Wagley also mentioned that a mid-term review will further assess the actual GDP basis.
2. झलनाथले भने– ‘बालेनको अभिव्यक्ति खतरनाक, प्रधानमन्त्रीको कुर्सीमा बस्न सुहाउँदैन’ (www.onlinekhabar.com)
Jhlnath criticized Balen's statements as dangerous, asserting that such expressions are not suitable for someone in the Prime Minister's position. He emphasized the need for responsible discourse from leaders.
3. बागमती प्रदेश सभामा नीति कार्यक्रमबारे आजदेखि छलफल (nepalnews.com)
Discussion on the policy and program for the upcoming fiscal year 2083/84 has commenced in the Bagmati Province Assembly. The meeting, scheduled for 1:00 PM today, will focus on a clause-by-clause review of the proposals presented by Chief Minister Deepak Prasad Devkota on May 12.
4. ‘एक वर्षभित्र मुलुकबाट भ्रष्टाचार निर्मूल गर्ने काममा सरकार तत्पर छ’- प्रधानमन्त्री (arthasarokar.com)
Prime Minister Balendra Shah has committed to eradicating corruption in Nepal within a year, responding to questions in the House of Representatives. He stated that the government and the ruling National Independent Party are focused on promoting good governance and eliminating corruption, emphasizing ongoing monitoring by various ministries. Shah noted that the government aims to address long-standing corruption issues and is determined to implement reforms across governmental offices.
5. हुम्ला र बाजुरा सीमा विवादबारे जाँचबुझ गर्न गृहको टोली हुम्लामा (www.ratopati.com)
A team from the Ministry of Home Affairs has arrived in Humla to investigate the border dispute and clashes between Humla and Bajura districts, particularly in the Lampaata area. Led by Senior Superintendent of Police Bimalraj Paudel, the team will meet with local citizens, involved individuals, and political leaders to discuss the incidents that escalated following clashes between residents of the two districts from May 2 to 4. The dispute intensified after the Sudurpashchim Province government allocated NPR 4 million for a police post in the area, resulting in injuries to four individuals from Bajura, who were airlifted for medical treatment.
6. ‘नेपालले भारतको सीमा मिचेको छैन, प्रधानमन्त्रीको भनाइ गलत छ’ (www.onlinekhabar.com)
Prime Minister's assertion that Nepal has encroached on Indian territory is incorrect, according to officials. The statement has sparked controversy regarding border issues between the two countries.
7. संसदमा आजदेखि बजेटमाथि छलफल हुने (arthasarokar.com)
Discussions on the budget for the fiscal year 2083/84 will begin today in the House of Representatives. Finance Minister Dr. Swarnim Waglé presented a budget of NPR 2.124 trillion on May 29, and will propose to initiate a general discussion on revenue and expenditure estimates during the meeting scheduled for 1 PM. After the proposal is presented, members of parliament will participate in the discussion.
8. मधेस प्रदेशको नीति तथा कार्यक्रममाथि आजदेखि प्रदेशसभामा बहस (www.ratopati.com)
The Madhes Province Assembly has commenced detailed discussions on the policy and program presented by the provincial government for the upcoming fiscal year 2083/84. The government has prioritized agriculture, focusing on increasing agricultural production, improving soil health, promoting local products, creating employment, and enhancing education, with plans to unveil the full budget on June 15 after the policy is approved.
9. संसदमा प्रधानमन्त्री शाहको सार्वभौमसत्ताविरोधी अभिव्यक्ति (rajdhanidaily.com)
Prime Minister Balendra Shah's comments in Parliament regarding Nepal's territorial disputes with India have sparked controversy, as he claimed that Nepal has encroached on Indian land. His statements drew criticism from politicians and experts, who argue that Nepal has not violated any borders and that his remarks undermine national sovereignty. The issue has led to widespread debate, with calls for diplomatic resolution rather than unilateral claims.
10. Budget is not large in size, says Finance Minister Wagle (theannapurnaexpress.com)
Finance Minister Dr. Swarnim Wagle stated that the budget for the fiscal year 2083/84 BS is Rs 2.124 trillion, which he described as modest relative to Nepal's GDP, accounting for 28.5 percent. He emphasized that concerns about the budget's implementation have diminished compared to previous years, noting that the size of Nepal's budget has significantly increased since the Gorkha Earthquake in 2015.
Forex
| Currency Pair | Rate (NPR) |
|---|---|
| USD → NPR | 152.31 |
| CAD → NPR | 110.4 |
| AUD → NPR | 109.41 |
| GBP → NPR | 205.02 |
| JPY → NPR | 9.56 |
Metal Prices (International)
| Metal | Price (USD/oz) | Price (NPR/tola) |
|---|---|---|
| Gold | $4518.27 | NPR 258,066.36 |
| Silver | $75.72 | NPR 4,324.84 |
Metal Prices (Nepal)
| Metal | Price (NPR/tola) |
|---|---|
| Fine Gold (9999) | NPR 311,100.00 |
| Silver | NPR 5,345.00 |
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.
