Nepal’s latest developments center on governance reforms, investigations into alleged corruption and customs fraud, and social initiatives alongside political contestation.
Politics & Governance
Finance Minister Dr. Swarnim Waglé said the government has broken “institutional capture” and will pursue governance and digitization reforms, including a citizen app to streamline access to hundreds of services and simplify company registration. He also pointed to legal and policy changes aimed at improving how infrastructure projects are tendered, how public procurement is handled, and how land acquisition is executed, describing a push toward healthier competition and better jobs to reduce poverty. Finance Minister Swarnim Waglé and Finance Minister Dr. Swarnim Wagley’s reforms
The Rashtriya Swatantra Party in Madhesh has faced a dispute during its ward and municipality convention, prompting a complaint to the party’s central level. The disagreement reflects internal contention over how the convention was conducted, with implications for party organization in local structures. Raswapa Madhesh convention dispute complaint
Courts & Accountability
A special court found Saroj Singh, a Janata Samajwadi Party provincial MP, guilty in a corruption case tied to a property transaction, sentencing him to four years in jail and imposing a fine of NPR 3.85 million. The court ordered confiscation of the amount he received and directed NPR 154,000 to be deposited into a victim relief fund. JSP MP Saroj Singh sentenced
Separately, an investigation committee reported no discrepancies in former Home Minister Sudhan Gurung’s assets and submitted the report to Prime Minister Balendra Shah. While the findings may reduce the basis for suspicion and support his return, youth activists continue to press for reinstatement and the prime minister is expected to consult Ravi Lamichhane before a final decision. Sudhan Gurung assets committee report
Economy & Business
The government has formed a joint probe committee to investigate the seizure of 779 BYD electric vehicles suspected of customs fraud, with the vehicles under strict surveillance while the sites are being cross-checked. The committee includes the Ministry of Finance, Customs Department, Nepal Police, and Armed Police Force, and the probe is aimed at clarifying allegations that vehicles were rushed through customs based on leaked information about impending tax changes. BYD EV customs fraud probe committee and Government forms probe committee over 779 EVs
Commentary around Nepal’s record budget for 2026/27 highlights both approval and uncertainty, with experts welcoming the scale of investment and digital transformation while questioning feasibility. The concerns focus on whether ambitious targets—especially tax reforms and industrial growth incentives—can be delivered, and whether growth plans relying on consumption will be supported by improved execution and infrastructure readiness. Experts on Nepal’s biggest-ever budget and BYD EVs under customs investigation
Society & Community
On World Environment Day, the “One Child, One Tree” campaign launched tree planting and plant distribution activities aiming to plant 2,200 saplings across three days. The initiative began with tree planting at schools in Besisahar and Dordi municipalities and included distribution of fruit and multipurpose plants to registered children, linking environmental protection with child nutrition and biodiversity goals. One Child, One Tree campaign
Date: June 06, 2026 (AD) | B.S.: Jestha 23, 2083
Top News
1. संस्थागत कब्जा तोड्यौँ, अब सुशासन र डिजिटलीकरणमा क्रान्तिकारी सुधार गर्छौंः अर्थमन्त्री वाग्ले (www.ratopati.com)
Finance Minister Dr. Swarnim Waglé claimed that the institutional and policy capture in Nepal's economic-political landscape has ended. He emphasized plans for significant improvements in governance, healthy competition, and digitization of services, including the launch of a citizen app to streamline access to hundreds of government services and simplify company registration processes. The government is also initiating legal and policy reforms to address issues in infrastructure project tenders, public procurement, and land acquisition.
2. घुस लिएको आरोपमा जसपाका सांसद सिंह दोषी ठहर, ४ वर्ष कैद, साढे ३८ लाख रुपैयाँ जरिवाना ! (arthasarokar.com)
Saroj Singh, a provincial MP from the Janata Samajwadi Party, has been found guilty of corruption related to a property transaction. The special court sentenced him to four years in prison, an additional month for committing the offense while in a position of authority, and imposed a fine of NPR 3.85 million. The court also ordered the confiscation of the amount he received and directed that NPR 154,000 be deposited into a victim relief fund.
3. ‘नीतिगत तथा संस्थागत कब्जा अन्त्य गर्न निर्मम बन्छौँ’- अर्थमन्त्री (arthasarokar.com)
Finance Minister Dr. Swarnim Wagley stated that the government will become more ruthless in ending policy and institutional capture. Speaking at an event in Kathmandu, he emphasized the government's commitment to good governance and the eradication of corruption, driven by the mandate of citizens, entrepreneurs, and businesses. He highlighted the importance of creating decent jobs to effectively reduce poverty and announced significant reforms in the tax system to foster an investment-friendly environment.
4. बीवाईडी भन्सार छली प्रकरण : सरकारले बनायो छानबिन समिति, नाकामै अनुसन्धान (rajdhanidaily.com)
A joint investigation committee has been formed by the government to examine 779 electric vehicles from BYD suspected of customs fraud. The committee, comprising representatives from the Ministry of Finance, Customs Department, Nepal Police, and Armed Police Force, is conducting a detailed investigation following allegations that the vehicles were rushed through customs based on leaked information about impending tax increases. The vehicles are currently under strict surveillance, with some already secured in various locations, including Pokhara.
5. Experts welcome Nepal’s biggest-ever budget while questioning its ambition (english.onlinekhabar.com)
The government of Nepal has announced a record Rs 2,124 billion budget for the fiscal year 2026/27, aiming for 7 percent economic growth and significant reforms. While experts commend the focus on investment and digital transformation, they express skepticism about the government's capacity to meet its ambitious targets, particularly regarding tax reforms and industrial growth incentives. Concerns were raised about the budget's reliance on consumption-driven growth and the need for improved execution and infrastructure readiness to support the proposed initiatives.
6. दुर्गा प्रसाईं र धवल शमशेर मिलेर नयाँ पार्टी खोल्ने ! (arthasarokar.com)
Durga Prasai and Dhawal Shamsher Rana are set to form a new political party after Rana, along with 186 others, left the Rastriya Prajatantra Party (RPP). They have agreed to collaborate, with plans for the new party to include 60% youth and women, although the name of the party has yet to be finalized.
7. एक बालबालिका ”एउटा रुख” अभियानअन्तर्गत वृक्षारोपण तथा बिरुवा वितरण (newsofnepal.com)
On the occasion of World Environment Day, Rural Community Development Center (RCDC) Nepal, in partnership with World Vision International Nepal, launched the "One Child, One Tree" campaign, aiming to plant 2,200 saplings over three days. The initiative began with tree planting at various schools in Besisahar and Dordi municipalities, distributing fruit and multipurpose plants to 1,900 registered children. The campaign aims to foster children's connection to nature, promote nutrition through fruit production, and enhance environmental protection and biodiversity.
8. रास्वपा मधेशको वडा-पालिका अधिवेशनमा विवाद, केन्द्रमा उजुरी (www.onlinekhabar.com)
A dispute has arisen during the ward and municipality convention of the Rashtriya Swatantra Party (Raswapa) in Madhesh, leading to a formal complaint being filed at the central level. The conflict highlights internal disagreements within the party regarding the convention proceedings.
9. Government forms probe committee over seizure of 779 EVs (theannapurnaexpress.com)
The government has established a joint probe committee involving the Finance Ministry, Department of Customs, Nepal Police, and Armed Police Force to investigate the seizure of 779 electric vehicles suspected of revenue evasion. The committee, formed under the direction of the Prime Minister's Office, is actively investigating the sites of the confiscations and aims to uphold good governance and revenue protection. Deputy Superintendent Shailendra Thapa of the Armed Police Force noted that the vehicles were seized for cross-checking despite having undergone customs clearance, emphasizing the importance of accurate information dissemination.
10. समितिले भेटेन पूर्वगृहमन्त्री सुधनको सम्पत्तिमा खोट (rajdhanidaily.com)
The investigation committee has concluded that there are no discrepancies in the assets of former Home Minister Sudhan Gurung. The report, submitted to Prime Minister Balendra Shah, indicates that there are no grounds for suspicion regarding Gurung's property or his asset declaration as Home Minister, potentially paving the way for his return to the ministry. Despite this, pressure from youth activists for the government to reinstate him continues, and the Prime Minister is expected to consult with Ravi Lamichhane before making a final decision.
Forex
| Currency Pair | Rate (NPR) |
|---|---|
| USD → NPR | 152.22 |
| CAD → NPR | 109.68 |
| AUD → NPR | 108.72 |
| GBP → NPR | 205.06 |
| JPY → NPR | 9.52 |
Metal Prices (International)
| Metal | Price (USD/oz) | Price (NPR/tola) |
|---|---|---|
| Gold | $4328.6 | NPR 247,087.04 |
| Silver | $67.97 | NPR 3,879.89 |
Metal Prices (Nepal)
| Metal | Price (NPR/tola) |
|---|---|
| Fine Gold (9999) | NPR 309,000.00 |
| Silver | NPR 5,230.00 |
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.
