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Government Prepares Biggest Civil Service Pay Revision in Years, Top Bureaucrats May Get 50% Raise

The upcoming budget may bring significant relief for civil servants, with the government considering a large-scale salary and allowance revision.

Published By Share Gyan
Government Prepares Biggest Civil Service Pay Revision in Years, Top Bureaucrats May Get 50% Raise

Ministry of Finance is preparing to revise civil servants’ salaries for the first time in three consecutive fiscal years, with a high-level Salary and Allowance Review Committee recommending a significant increase in public sector wages. According to the proposal, the monthly salary of office assistants could rise from Rs 27,612 to Rs 35,000, while the Chief Secretary’s salary may increase from Rs 77,211 to around Rs 121,000. The recommendation comes as the government finalizes preparations for the upcoming fiscal year 2026/27 budget, where key decisions related to salaries, taxation, and public spending are expected to be made. Government officials say the final decision will depend on the country’s fiscal condition, as weak revenue collection and rising expenditure continue to pressure state finances. Civil servant unions have meanwhile demanded a higher minimum salary and expanded benefits, arguing that current pay structures no longer match inflation and rising living costs. Experts have also urged the government to strengthen employee welfare measures alongside salary revisions, warning that delays in compensation reforms could further affect morale and efficiency within the civil service sector.

Nepal Rastra Bank Publishes Thursday's Foreign Exchange Rates; US Dollar at Rs. 149.61

Nepal Rastra Bank (NRB) has published the official foreign exchange rates for Thursday. The buying rate of one US dollar has been fixed at Rs. 149.61 and the selling rate at Rs. 150.21. The British Pound Sterling has recorded the highest value among the major currencies listed, with a selling rate of Rs. 200.16.

Gold Price Plunges by Rs. 5,900 Per Tola on Dhanteras; Silver Also Declines

Gold and silver prices recorded a sharp decline in the Nepali market on Friday, Kartik 20, coinciding with Dhanteras. Gold fell by Rs. 5,900 per tola to Rs. 283,000, while silver dropped by Rs. 110 per tola.

Nepal's VAT Collection Exceeds Target as Consumer Reward Scheme Boosts Tax Compliance

Nepal's VAT collection exceeded its first-quarter target in FY 2083/84, reaching Rs. 41.04 billion, up 10% compared to the same period last year. The increase comes after the Inland Revenue Department introduced a consumer reward scheme encouraging people to demand bills when making purchases.

Nepal Estimates $5 Billion Needed for Reconstruction After Bhotekoshi-Trishuli Disasters

Finance Minister Dr. Swarnim Wagle has estimated that Nepal will require approximately $4.7 billion to $5 billion for reconstruction following the disasters in the Bhotekoshi and Trishuli regions. The government is preparing a phased financing plan, including financial support from India, China, the World Bank and the Asian Development Bank (ADB).

Maya Khola Hydropower's Net Profit Surges 124.52% to Rs 6.38 Crore in Q1

Maya Khola Hydropower Company Limited (MKHC) has reported a 124.52 percent increase in net profit, earning Rs 6.38 crore in the first quarter of FY 2083/84, compared to Rs 2.84 crore in the same period last year. Higher electricity sales revenue and lower interest expenses supported the company's improved profitability.

Khani Khola Hydropower Turns Profitable, Reports Rs 3.65 Crore Net Profit in Q1

Khani Khola Hydropower Company Limited (KKHC) has made a remarkable financial turnaround, reporting a net profit of Rs 3.65 crore in the first quarter of FY 2083/84, compared to a net loss of Rs 1.89 crore in the same period last year.