Top3 min readProlonged Freeze on Development Budget Slows Capital Spending, Raises Economic ConcernsProlonged Freeze on Development Budget Slows Capital Spending, Raises Economic Concerns The prolonged freeze on a large portion of the government’s development budget has begun to weigh heavily on Nepal’s economic activity, with capital expenditure remaining weak even after more than half of the fiscal year has elapsed. As government agencies complete their mid-year reviews for fiscal year 2025/26, reports indicate that development spending has remained significantly below normal levels, largely due to restrictions imposed on budget execution. By mid-January, six months of the fiscal year had passed, a period typically marked by accelerating project implementation. This year, however, development offices across ministries have reported sluggish spending, reflecting the impact of earlier decisions to withhold funds allocated for infrastructure and development programsDipesh Ghimire·10 Feb, 2026
Top2 min readNepal’s Central Bank Flags Rising Cyber Risks as Digital Banking Use AcceleratesNepal’s Central Bank Flags Rising Cyber Risks as Digital Banking Use Accelerates With digital banking rapidly becoming a primary mode of financial transactions, Nepal’s central bank has raised concerns over growing cyber risks linked to unsafe internet usage. The Nepal Rastra Bank has urged bank customers to remain vigilant, warning that transactions carried out through unsecured internet networks could expose users to serious financial losses. The warning comes at a time when mobile and internet banking services are expanding across urban and semi-urban areas, driven by convenience and wider digital access. While this shift has strengthened financial inclusion, the central bank notes that it has also increased users’ exposure to cyber threats, particularly when basic security precautions are ignored.Dipesh Ghimire·10 Feb, 2026
Top3 min readLegal Scrutiny Intensifies Over CDSC Chief’s Appointment as Capital Market Risks MountLegal Scrutiny Intensifies Over CDSC Chief’s Appointment as Capital Market Risks Mount A legal challenge questioning the appointment and continuation of the Managing Director and Chief Executive Officer of CDS and Clearing Limited (CDSC) has reached the Patan High Court, bringing renewed focus on governance standards within Nepal’s capital market infrastructure. The writ petition raises constitutional and legal concerns, arguing that the leadership dispute has already begun to affect market stability and investor confidence.Dipesh Ghimire·10 Feb, 2026
Top4 min readNepal Plans Major Expansion of Social Security System With Legal and Digital ReformsNepal Plans Major Expansion of Social Security System With Legal and Digital Reforms The government has announced a comprehensive plan to expand Nepal’s social security system, aiming to bring a wider section of citizens under formal protection. Through its recently published Financial Development Strategy, the Ministry of Finance has proposed wide-ranging reforms that include legal amendments, digital payment integration, investment restructuring, and institutional coordination. The strategy acknowledges that despite years of operation, social security programs have failed to reach a large portion of workers, particularly those in the informal sector, private enterprises, self-employment, and foreign employment. As a result, millions of economically active citizens remain without long-term financial protection, pensions, or insurance coverage.Dipesh Ghimire·10 Feb, 2026
Top4 min readHilton Reinsurance Dispute Escalates as Probe Report Reaches Anti-Graft CommissionHilton Reinsurance Dispute Escalates as Probe Report Reaches Anti-Graft Commission The investigation report prepared by Nepal’s insurance regulator into the controversial reinsurance arrangement linked to Hilton Hotel has formally reached the Commission for the Investigation of Abuse of Authority, marking a critical escalation in one of the most sensitive insurance-sector controversies in recent years. The report was forwarded through the Ministry of Finance following repeated concerns over regulatory violations, potential financial manipulation, and institutional silence during a high-value risk transfer process. The case centers on allegations that reinsurance coverage for riot and terrorism risks was arranged retrospectively—after physical damage had already occurred at Hilton Hotel—raising serious questions about intent, compliance, and governance. The scale of the potential insurance claim, estimated to run into billions of rupees, prompted regulators to treat the matter as one involving systemic risk rather than a routine procedural lapse.Dipesh Ghimire·10 Feb, 2026
Top2 min readTaxpayer Numbers Surge as Nepal Expands Its Revenue Base in FY 2082/83Taxpayer Numbers Surge as Nepal Expands Its Revenue Base in FY 2082/83 Kathmandu — Nepal’s tax administration has recorded strong progress in expanding its revenue base during the first half of the current fiscal year 2082/83, with more than 360,000 new taxpayers added to the system. Data from the Inland Revenue Department shows that the total number of active taxpayers has reached over 7.36 million, reflecting growing economic formalization and wider public participation in the tax network. By the end of the last fiscal year, the number of active taxpayers stood at just under seven million. The sharp rise within six months indicates a combination of improved registration systems, stronger enforcement, and increased awareness among citizens and businesses about tax obligations. Officials say this trend also mirrors gradual recovery in economic activities after recent slowdowns.Dipesh Ghimire·9 Feb, 2026
Top3 min readGovernment Questions Effectiveness of Senior Citizen Welfare Program Despite Wide CoverageGovernment Questions Effectiveness of Senior Citizen Welfare Program Despite Wide Coverage Kathmandu — Nepal’s social security allowance program currently supports more than two million senior citizens, but the government has admitted that the health and social services linked to the scheme are falling short of expectations. Officials say that while financial assistance has reached a large section of elderly citizens, gaps in service delivery and accessibility continue to undermine the program’s overall impact. The issue was raised during a meeting of the parliamentary Public Policy and Delegated Legislation Committee held at Singha Durbar on Sunday. At the meeting, officials from the Ministry of Women, Children and Senior Citizens acknowledged that the support system surrounding the allowance program has not been as effective as originally planned.Dipesh Ghimire·9 Feb, 2026
Top3 min readBusiness Leaders Call for Strong Public–Private Partnership Ahead of Nepal’s Economic Census 2082Business Leaders Call for Strong Public–Private Partnership Ahead of Nepal’s Economic Census 2082 Kathmandu — With Nepal preparing to conduct the National Economic Census 2082, business leaders and government statisticians are pushing for closer coordination between public agencies and the private sector to ensure the exercise delivers credible, usable results. Stakeholders say the census is more than a routine survey: it is expected to provide the most comprehensive snapshot of how businesses operate across the country—data that can shape economic policy, investment planning, and employment strategy for years. The interaction program held on Monday, jointly organized by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the National Statistics Office (NSO), focused on building confidence among businesses to participate fully. Participants stressed that without private-sector cooperation, even the best-designed census can produce gaps and inconsistencies, weakening its value for national planning. They urged the government to prioritize transparency and communication throughout the process.Dipesh Ghimire·9 Feb, 2026
Top3 min readLoan Quality Review Raises Red Flags for Nepal’s Banking SectorLoan Quality Review Raises Red Flags for Nepal’s Banking Sector Kathmandu — A comprehensive loan quality assessment conducted by a Bangladeshi consulting firm has raised serious concerns about credit management practices in Nepal’s major commercial banks. The review, carried out by Houladar Yunus & Company, found weaknesses in loan classification and risk control systems, prompting Nepal Rastra Bank to consider stricter regulatory measures. The findings come at a time when rising bad loans are already putting pressure on the country’s financial system. According to the central bank, several banks have failed to strictly follow regulatory guidelines while categorizing their loans as performing, watchlist, substandard, doubtful, or bad. As a result, Nepal Rastra Bank is preparing to require additional loan-loss provisioning from institutions that do not correct these weaknesses. Officials say that banks will first be asked to clarify their positions before any formal enforcement action is taken.Dipesh Ghimire·9 Feb, 2026
Top3 min read30MW Myardi Hydropower Project Planned on Manang–Lamjung Border, EIA Process Begins30MW Myardi Hydropower Project Planned on Manang–Lamjung Border, EIA Process Begins Kathmandu — A new 30-megawatt hydropower project is being planned on the border of Manang and Lamjung districts, adding momentum to Nepal’s ongoing push to expand electricity generation. The Ministry of Forests and Environment has initiated work to prepare the Environmental Impact Assessment (EIA) report, marking the project’s formal entry into the approval pipeline. The project will be located between Nasong Rural Municipality in Manang and Marsyangdi Rural Municipality in Lamjung. The proposed project, named the Myardi Hydropower Project, is being promoted by Myardi Khola Hydropower Company Pvt. Ltd. and is designed as a run-of-river scheme. This means the plant will rely mainly on the river’s natural flow rather than storing large volumes of water in a reservoir. While such projects are generally faster to build and involve less large-scale submergence, they can also face seasonal fluctuations in output—an issue Nepal’s hydropower-heavy system already experiences.Dipesh Ghimire·9 Feb, 2026