Politics & Governance
Finance Minister Dr. Swarnim Wagle presented the economic survey for FY 2082/83, projecting 3.85% growth and per-capita income reaching $1,535. The survey also points to persistent domestic challenges, including a widening trade deficit projected to rise 11.2% to NPR 1.098 trillion. Separately, government responses continue to focus on cooperative-sector reforms following findings of governance failures.
Courts & Accountability
A report from the Cooperative Mismanagement Investigation Commission concluded that weak regulation has eroded public trust by enabling financial irregularities and misuse of depositors’ funds. GB Rai remains at large as the estimated cooperative scam involving over Rs 21 billion deepens, while the government has begun a refund process through a revolving fund for small depositors.
In bank-related accountability, an investigative report alleges bribery and procedural violations tied to loan transactions involving Ganesh KC. The National Human Rights Commission has also called for investigations and actions over alleged human rights violations during the Gen-Z movement, recommending penalties and election bans for those found guilty.
Economy & Business
The economic survey presented by Dr. Swarnim Wagle forecasts total economic size at NPR 66 trillion alongside the growth projection. It highlights that, despite comparatively strong external indicators, domestic production, investment, and trade balance remain key risks. Meanwhile, the banking investigation into alleged improper loan approvals underscores continued scrutiny of financial-sector governance.
Cooperative-related developments are also tied to economic stability for depositors, with the government initiating refund measures for affected individuals as cases expand. Reporting indicates that GB Rai has evaded custody despite tracking efforts, while governance gaps in earlier cooperative oversight remain central to ongoing fallout.
Date: May 28, 2026 (AD) | B.S.: Jestha 14, 2083
Top News
1. ‘सहकारीमा भएको बेथिति जाँचबुझ आयोग, २०८२’ को प्रतिवेदन सार्वजनिक, कमजोर नियमनले जनविश्वास गुमेको निष्कर्ष (arthasarokar.com)
The report from the Cooperative Mismanagement Investigation Commission, 2082, reveals that financial irregularities and misuse of depositors' funds have eroded public trust in cooperatives due to weak regulation. It highlights serious deficiencies in the approval processes for cooperative registration and expansion, leading to numerous troubled institutions. The government, represented by Minister Pratibha Rawal, has committed to implementing policy and institutional reforms to restore transparency and accountability in the cooperative sector.
2. Exclusive: ऋण लेनदेनमा भएको ‘घुसकाण्ड’मा मुछिएका केसी सिन्धु बिकास बैंकका सिइओ ! छानविन प्रतिवेदनले के भन्छ ? (arthasarokar.com)
Ganesh KC, the newly appointed CEO of Sindhu Development Bank, has been implicated in a corruption scandal involving loan transactions, as revealed by a 50-page investigative report. The report indicates that a loan of NPR 4.75 crore was improperly approved for Global Suppliers in Hetauda, with allegations of coercion, procedural violations, and a bribe of NPR 3 million linked to the transaction. KC has denied any wrongdoing, arguing that if he were guilty, the board would not have appointed him as CEO.
3. आर्थिक सर्वेक्षणः आर्थिक वृद्धि ३.८५ प्रतिशत र प्रतिव्यक्ति आय १ हजार ५ सय ३५ डलर पुग्ने प्रक्षेपण (arthasarokar.com)
Finance Minister Dr. Swarnim Wagle presented the economic survey for the fiscal year 2082/83, projecting Nepal's economy to grow by 3.85% despite global uncertainties. The total economic size is expected to reach NPR 66 trillion, with per capita income estimated at $1,535. The survey indicates that while external indicators are strong, challenges remain in domestic production, investment, and trade balance, particularly with a 11.2% increase in trade deficit reaching NPR 1.098 trillion.
4. 18-year-old from Raute community breaks barriers to pursue engineering diploma (risingnepaldaily.com)
An 18-year-old from the Raute community has successfully enrolled in an engineering diploma program, overcoming significant cultural and societal barriers. This achievement marks a notable step for the Raute community in education and gender equality.
5. कार्की आयोग मौन बस्यो, मानवअधिकार आयोग बोल्यो (www.onlinekhabar.com)
The Karki Commission has remained silent on recent issues, while the National Human Rights Commission has spoken out. The contrasting responses highlight ongoing concerns regarding human rights and accountability in Nepal.
6. Bridge construction process begins at Piprahawa Ghat on Rapti River (risingnepaldaily.com)
Construction has commenced on a bridge at Piprahawa Ghat over the Rapti River. This project aims to enhance connectivity in the region.
7. ओली–लेखक–गुरुङलाई मानव अधिकार उल्लंघनको दोष, दुई आईजीपी पनि कारबाही सिफारिसमा (newsofnepal.com)
The National Human Rights Commission of Nepal has recommended investigations and actions against former Prime Minister KP Sharma Oli, former Home Minister Ramesh Lekhak, and former Communication Minister Prithvi Subba Gurung for human rights violations during the Gen-Z movement on September 23-24. The report highlights the failure of state mechanisms, excessive use of force by security agencies, and the role of various political figures in inciting violence, while notably excluding current Prime Minister Balendra Shah from the investigation. The commission has called for new legislation to impose penalties, including up to six months in prison and a five-year ban from elections for those found guilty.
8. निकुञ्जले रोकेका जलविद्युत् आयोजनाको काम सुरु गराउन मन्त्रीलाई ध्यानाकर्षण (www.onlinekhabar.com)
Ministerial attention has been drawn to initiate work on hydropower projects that have been halted by the National Park. The request emphasizes the need to resume these projects for development purposes.
9. 5th Meeting of Nepal-Switzerland Bilateral Consultation Mechanism concludes (risingnepaldaily.com)
The 5th Meeting of the Nepal-Switzerland Bilateral Consultation Mechanism has concluded, focusing on enhancing cooperation in various sectors. Both countries discussed strategies to strengthen bilateral ties and explore new areas of collaboration.
10. GB Rai still at large as Rs 21 billion cooperative scam deepens (english.onlinekhabar.com)
GB Rai, accused of embezzling over Rs 21 billion from depositors through multiple cooperatives, remains at large despite being tracked to Malaysia by Nepal Police. His companies, funded by cooperative savings, continue to operate, while the government has failed to declare the cooperatives problematic or hold other directors accountable. The government has initiated a refund process for small depositors, establishing a Rs 250 million revolving fund to address the broader cooperative crisis affecting 76,000 depositors.
Forex
| Currency Pair | Rate (NPR) |
|---|---|
| USD → NPR | 153.41 |
| CAD → NPR | 110.86 |
| AUD → NPR | 109.4 |
| GBP → NPR | 206.12 |
| JPY → NPR | 9.62 |
Metal Prices (International)
| Metal | Price (USD/oz) | Price (NPR/tola) |
|---|---|---|
| Gold | $4375.82 | NPR 251,735.19 |
| Silver | $72.01 | NPR 4,142.64 |
Metal Prices (Nepal)
| Metal | Price (NPR/tola) |
|---|---|
| Fine Gold (9999) | NPR 285,000.00 |
| Silver | NPR 4,865.00 |
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.
