Politics & Governance
A directive on bank and financial employment rules requires overtime pay when employees are called to work on holidays, tightening governance of labor compliance in the sector. At the provincial level, the non-functional status of the Chief Minister’s Contact Office in Dhankuta has disrupted public access to services and raised local concerns about responsiveness.
Now banks will not be able to forcibly call employees to work on holidays Chief Minister’s Contact Office in Dhankuta non-functional Nepal–China border meeting
Courts & Accountability
The Kaski District Court has ordered the withdrawal of organized crime and money laundering charges against Rabi Lamichhane and two others, while continuing a cooperative fraud case. The development marks a procedural shift in the court’s handling of allegations, affecting the pace and scope of accountability proceedings.
Organized crime, money laundering charges against Rabi Lamichhane scrapped Cooperative fraud case continuation Withdrawn charges ordered by Kaski District Court
Economy & Business
A recommendation by the Salary Allowance Review Committee proposes substantial salary increases for government employees for the upcoming fiscal year, with different rates for lower and top-level officials. In the short-term, traffic enforcement actions also generated over Rs. 479 thousand in revenue within 24 hours through fines and penalties. Meanwhile, FNCCI elected Surakrushna Baidya as its Senior Vice President and Manishlal Pradhan as Treasurer, indicating continuity in leadership for the business body.
Salary of government employees recommended to be increased Over Rs. 479 thousand revenue collected within 24 hours from traffic action Baidya elected senior vice president of FNCCI
Date: May 24, 2026 (AD) | B.S.: Jestha 10, 2083
Top News
1. अब बैंकहरुले बिदाको दिन कर्मचारीलाई जबरजस्ती काममा बोलाउन नपाउने, बोलाए पनि ‘ओभर टाइम’ भुक्तानी दिनुपर्ने ! (arthasarokar.com)
The Nepal Rastra Bank has issued a directive prohibiting banks and financial institutions from requiring employees to work beyond official hours or on holidays without appropriate compensation. Employees must now be paid overtime for any additional hours worked, addressing previous complaints regarding excessive work demands without extra pay. This regulation aims to ensure compliance with existing laws and protect employee rights in the banking sector.
2. नेपाल–चीन सीमा बैठकः सीमा अपराध नियन्त्रण तथा नागरिक सुरक्षा प्राथमिकतामा (nepalnews.com)
A regular border coordination meeting between Nepal and China took place at the District Administration Office in Dhunche, Rasuwa, led by Chief District Officer Rajesh Panthi and Chinese official Chu Jinsuan. The discussions focused on enhancing border security, trade facilitation, mutual coordination, and controlling border crimes, with both sides expressing commitment to strengthen historical ties and improve daily life for residents in the Himalayan region. Agreements were made to better coordinate security forces to combat illegal activities and facilitate the movement of Nepali drivers to Kerung, fostering optimism among local businesses.
3. ओलीको राजीनामा माग भएपछि महेशको प्रतिवाद– संकटको बेलामा संरक्षण गर्नुपर्छ (www.onlinekhabar.com)
In response to demands for his resignation, Mahesh has argued that protection is necessary during times of crisis. He emphasized the importance of safeguarding leadership in challenging situations.
4. सरकारी कर्मचारीको तलब बढाउन सिफारिस, सरकार तयार भए यसपाली तलब झण्डै दोब्बरले बढ्ने ! (arthasarokar.com)
A recommendation has been made to increase government employees' salaries significantly, with the Salary Allowance Review Committee, chaired by Chief Secretary Sumanraj Aryal, suggesting adjustments for the upcoming fiscal year. The committee proposed a 27% salary increase for lower-level employees and a 56.71% increase for top-level officials, raising the salary of office assistants from NPR 27,612 to NPR 35,000 and chief secretaries from NPR 77,211 to NPR 121,000. This follows a previous 15% salary increase in the fiscal year 2021/22, with no adjustments since then.
5. Over Rs. 479 thousand revenue collected within 24 hours from traffic action (risingnepaldaily.com)
Traffic enforcement actions resulted in the collection of over Rs. 479 thousand in revenue within a 24-hour period. This revenue is attributed to fines and penalties imposed during traffic operations.
6. Organized crime, money laundering charges against Rabi Lamichhane scrapped (theannapurnaexpress.com)
The Kaski District Court has ordered the withdrawal of organized crime and money laundering charges against Rabi Lamichhane, President of the Rastriya Swatantra Party, and two others, Gitendra Babu Rai and Chhabilal Joshi. However, the court will continue proceedings on the cooperative fraud case against them.
7. नेपाल उद्योग वाणिज्य महासंघको वरिष्ठ उपाध्यक्षमा वैद्य निर्वाचित (arthasarokar.com)
Surakrushna Baidya has been elected as the Senior Vice President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) with 56 votes, defeating Ramchandra Sanghai, who received 30 votes. Additionally, Manishlal Pradhan won the position of Treasurer, securing 61 votes against Ambikaprasad Poudel, who garnered 25 votes.
8. सचिवालय बैठकमा योगेशले मागे ओलीको राजीनामा (www.onlinekhabar.com)
Yogesh has demanded the resignation of KP Sharma Oli during a secretariat meeting. This request highlights ongoing tensions within the political landscape of Nepal.
9. चीनमा नेपाललाई ‘सबैभन्दा आकर्षक पर्यटकीय गन्तव्य’ को सम्मान (nepalnews.com)
Nepal has been awarded the title of "Most Charming Tourism Destination" at the Guangzhou International Tourism Fair held from May 21 to 23 in China. The recognition highlights Nepal's natural beauty, spirituality, cultural diversity, and adventure tourism appeal, as noted by the Nepal Tourism Board. The event featured cultural presentations and discussions on Nepal's tourism potential, with participation from eight Nepali tourism companies showcasing various travel packages.
10. Chief Minister’s Contact Office in Dhankuta non-functional (risingnepaldaily.com)
The Chief Minister's Contact Office in Dhankuta is currently non-functional, affecting local governance and public access to government services. This situation has raised concerns among residents regarding the responsiveness of the provincial administration.
Forex
| Currency Pair | Rate (NPR) |
|---|---|
| USD → NPR | 153.41 |
| CAD → NPR | 111.19 |
| AUD → NPR | 109.27 |
| GBP → NPR | 205.87 |
| JPY → NPR | 9.64 |
Metal Prices (International)
| Metal | Price (USD/oz) | Price (NPR/tola) |
|---|---|---|
| Gold | $4507.56 | NPR 259,314.01 |
| Silver | $75.51 | NPR 4,343.99 |
Metal Prices (Nepal)
| Metal | Price (NPR/tola) |
|---|---|
| Fine Gold (9999) | NPR 290,900.00 |
| Silver | NPR 5,010.00 |
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.
