National News - Page 32
Finance Minister Dr. Swarnim Wagle Defends Government’s Prerogative to Amend Tax Rates
Finance Minister Dr. Swarnim Wagle asserted that the government holds the absolute legal authority to alter tax rates. Speaking at a Public Accounts Committee meeting, he clarified that tax adjustments are institutional decisions aimed at public welfare, rather than arbitrary choices.
Trump Demands Action Following US Military Helicopter Crash Near Iran Border
President Donald Trump has accused Iran of shooting down an advanced US military helicopter near the strategic Strait of Hormuz. While the US Central Command confirmed the crash and rescued the crew, they noted that the exact cause remains under investigation.
Cabinet Approves Forest Land for Four Hydropower Projects and Sanctions New Civil Service Rules!
The Cabinet has made four major decisions, including clearing national forest land for multiple hydropower projects, greenlighting the 16th amendment to the Civil Service Rules, and forming a new ad-hoc committee for the Nepal Red Cross Society.
The Ritz-Carlton Debuts in Thamel: Marriott and Chaudhary Group Partner to Elevate Nepal's Luxury Hospitality
Finance Minister Swarnim Wagle met with Marriott International Chairman David Marriott and Chaudhary Group executives to discuss the debut of The Ritz-Carlton in Kathmandu, marking a major milestone for high-end tourism and investor confidence in Nepal.
House of Representatives to Convene Today: Finance Minister Dr. Swarnim Wagle to Answer Budget Queries!
The House of Representatives is scheduled to meet today at 1:00 PM to initiate discussions on the upcoming fiscal year's budget and deliberate on key legislative bills.
RSP Chairman Rabi Lamichhane Convenes All-Party Meeting over Contemporary Politics
Rastriya Swatantra Party (RSP) Chairman Rabi Lamichhane has called an all-party meeting to discuss current political developments.
Powerful Earthquake Rocks Southern Philippines; Tsunami Warning Issued and Casualties Reported
A major earthquake struck near the coastal area of General Santos City on Mindanao Island in the southern Philippines on Monday morning.
Domestic LPG Cylinder Prices Hiked by INR 29 in India Amid Rising Global Energy Costs
The price of a 14.2 kg domestic LPG cylinder in India has risen by INR 29, pushing the retail rate in Delhi to INR 942. Driven by surging international energy costs and massive under-recoveries by state-owned oil companies—who were losing nearly INR 703 per cylinder—this decision follows recent steep hikes in petrol, diesel, and CNG prices across the country.
Nepal and India Agree to Deepen Bilateral Relations; Jointly Launch Cross-Border P2P Payments
During high-level bilateral talks in New Delhi, Foreign Minister Shisir Khanal and India's EAM Dr. S. Jaishankar agreed to significantly expand Nepal-India relations. The meeting marked the official launch of cross-border peer-to-peer (P2P) payment transactions via NCHL and NPCI, the handover of 84 India-assisted post-earthquake reconstruction projects, and a new pact to develop a "voice-first" digital translation platform.
Global Financial Markets Witness Major Volatility as Middle East Conflict Marks 100 Days
As the Middle East conflict hits its 100-day mark, global financial markets are reacting with mixed resilience. While Artificial Intelligence infrastructure spending and strong US business metrics have propelled the S&P 500 to record highs, underlying threats remain severe. Sovereign bond yields continue to face inflationary strain, the Strait of Hormuz remains largely blocked, and global commodity prices have pushed US inflation to a three-year high of 3.8%, threatening long-term demand destruction if left unresolved.
Anyone Have the PM's Number?" Prime Minister Balendra Shah's Satirical Post Goes Viral!
Prime Minister Balendra Shah triggered a wave of reactions on social media after posting a satirical status asking for the "PM's phone number" so he could apply to be an ambassador. The witty post was a direct swipe at Vice President's Office Secretary Krishna Hari Pushkar, who had privately messaged Shah lobbying for an ambassadorial appointment ahead of his upcoming retirement on July 8.
National Identity Card Number Mandatory for Demat Accounts from June 15
A crucial update for stock market investors! Starting June 15, 2026 (Asar 1, 2083), it is mandatory to provide your National Identity Card (NID) number when opening a new Demat account or updating your existing account details. CDSC has officially directed all Depository Participants (DPs) to enforce this rule.