Top2 min readNew Margin Trading Directive: A Strategic Shift Toward Market MaturityNew Margin Trading Directive: A Strategic Shift Toward Market Maturity KATHMANDU – The Securities Board of Nepal (SEBON) has formally institutionalized the margin trading system by approving the 'Margin Trading Facility Directive, 2082.' Scheduled to go into effect on February 13 (Falgun 1), this new regulatory framework is set to replace the stagnant 2017 guidelines, marking a major turning point for the Nepal Stock Exchange (NEPSE).Dipesh Ghimire·11 Feb, 2026
Top2 min readStrategic Overhaul: SEBON’s New Margin Directive to Reshape Market Liquidity and Broker RolesStrategic Overhaul: SEBON’s New Margin Directive to Reshape Market Liquidity and Broker Roles KATHMANDU – In a move to modernize the trading architecture of the Nepal Stock Exchange (NEPSE), the Securities Board of Nepal (SEBON) has greenlit the ‘Margin Trading Facility Directive, 2082.’ Effective from February 13, this directive is not just a procedural update; it represents a fundamental shift in how leverage is managed in the secondary market, moving the power of credit from commercial banks to specialized brokerage firms.Dipesh Ghimire·11 Feb, 2026
Top4 min readPolitical Uncertainty Keeps Nepal’s Stock Market in Sideways Trend, Investors Remain CautiousPolitical Uncertainty Keeps Nepal’s Stock Market in Sideways Trend, Investors Remain Cautious Nepal’s stock market has been moving within a narrow range in recent weeks, reflecting growing uncertainty among investors. Market indicators show repeated small gains followed by minor declines, a pattern commonly described as “sideways movement” in trading terminology. Analysts say the trend highlights hesitation among investors who are struggling to interpret the country’s shifting political environment. According to brokers, the dominant factor influencing current market behavior is uncertainty over whether parliamentary elections will take place in the coming months. “When investors feel elections are likely, the market starts rising,” said one broker. “But when doubts emerge, prices fall again.” This tug-of-war between optimism and fear has kept the market locked in a limited range.Dipesh Ghimire·10 Feb, 2026
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