National News
Celebrity Chef Santosh Shah Released on Bail Following Banking Offence Arrest
Renowned chef Santosh Shah has been released from police custody after furnishing bail equivalent to the financial claim filed against him in a banking offence case. Shah was apprehended alongside co-accused Narayan Sah Sudi in Janakpurdham following a property transaction dispute involving a Kathmandu-based restaurant.
2 months ago
Global Oil Prices Reboud as Skepticism Over US-Iran Truce Details and Strait of Hormuz Clearance Spurs Supply Fears
Global crude benchmarks edged higher on Tuesday as initial market optimism over a preliminary US-Iran peace agreement faded. With the full text of the memorandum of understanding undisclosed and significant technical and security hurdles remaining before the blocked Strait of Hormuz can safely reopen, investors adopted a cautious stance, driving Brent and WTI crude futures up by 0.3%.
2 months ago
Indian Capital Markets Face Heavy FPI Outflows as Equity Sales Hit ₹2.87 Lakh Crore in 2026
Foreign Portfolio Investors (FPIs) pulled out over ₹62,853 crore from Indian equities in the first half of June 2026, driven by geopolitical tensions, a weakening Indian Rupee, and high market valuations. While equity markets faced major selling pressure, the domestic debt market remained resilient, attracting over ₹13,200 crore via the Fully Accessible Route (FAR).
2 months ago
Government Launches 'Clean Up the Mess' Campaign to Dismantle Vested Interest Groups, Confirms Finance Minister Dr. Swarnim Wagle
Finance Minister Dr. Swarnim Wagle has stated that Nepal is undergoing a rigorous purification drive to root out systemic corruption and break the grip of long-standing interest groups. Highlighting a historic 1-kharba-rupee financial scandal currently in court, he outlined a transparent five-year economic roadmap designed to engage youth and foster sustainable development.
2 months ago
Foreign Minister Shisir Khanal Begins Official China Visit; Bilateral Talks with Wang Yi Scheduled for Monday Evening
Nepali Foreign Minister Shisir Khanal launched his four-day official visit to China on Monday morning by visiting the Institute of Tibetan Plateau Research. He is slated to hold a high-level bilateral meeting with Chinese Foreign Minister Wang Yi in Beijing later this evening.
2 months ago
Historic US-Iran Peace Pact Achieved to End Four-Month Conflict; Official Signing Set for Friday in Switzerland
In a landmark diplomatic breakthrough mediated by Pakistan, the United States and Iran have agreed to an immediate and permanent ceasefire across all fronts. Following confirmations from Pakistani Prime Minister Shehbaz Sharif and US President Donald Trump, the strategic Strait of Hormuz will completely reopen this Friday, promising immense relief to a strained global economy.
2 months ago
New Immigration Bill Proposes 10-Year Free Visa for Non-Resident Nepalis to Boost Diaspora Ties
The Ministry of Home Affairs has drafted a comprehensive new Immigration Bill that proposes a 10-year complimentary visa for Non-Resident Nepalis (NRNs) and their families, while simultaneously modernizing visa categories and tightening global border security frameworks.
2 months ago
Global Markets Rally and Oil Prices Plunge Following Historic US-Iran Ceasefire Agreement
Stock markets across the Asia-Pacific region and US futures surged on Monday morning while crude oil prices dropped by over 4% after US President Donald Trump and Iranian officials officially confirmed an agreement to end the war and reopen critical trade routes.
2 months ago
Kathmandu Inundation Alert: KMC Identifies 128 Monsoon Hotspots as 8,000+ Families Face Flood Risk
The Kathmandu Metropolitan City (KMC) has mapped out 128 locations across the district vulnerable to monsoon flooding, predicting that over 8,300 families will be impacted. In response, a comprehensive pre-monsoon preparedness plan has been greenlit, identifying high-risk areas—with Ward 14 being the most vulnerable—and securing schools, parks, and open spaces for emergency shelter.
2 months ago
Musk’s Cosmic Jackpot: SpaceX Debut Crowns Elon Musk as the World’s First Trillionaire Amid Intense Global Debate
Elon Musk has officially become the world’s first trillionaire following the blockbuster stock market debut of his aerospace company, SpaceX. Listing on the Nasdaq with a $2.2 trillion valuation, the stock surge propelled Musk’s net worth to a historic $1.11 trillion. While investors are thrilled by his multi-planetary ambitions, the milestone has ignited fierce global backlash over extreme wealth inequality and Musk's controversial political influence.
2 months ago
Kathmandu Tangled Web: Government Moves to Untangle Valley’s Cable Chaos
The Ministry of Energy, Water Resources, and Irrigation, in partnership with the Ministry of Information and Communication, has launched a major cleanup initiative to remove unused, tangled overhead cables across key areas of the Kathmandu Valley. The drive aims to eliminate urban eyesores, boost public safety, and minimize roadside hazards.
2 months ago
India's NHPC to Partner on Nepal's 480 MW Phukot Karnali Project
India's state-owned NHPC Limited is set to partner with Nepal's Vidhyut Utpadan Company Limited (VUCL) to jointly develop the 480 MW Phukot Karnali Hydropower Project in Kalikot, Nepal. Following a draft MoU reached during a bilateral energy meeting and awaiting Cabinet approval, the two entities will form a joint venture. NHPC will hold a 51% stake, assume the responsibility for securing project loans, and guarantee a market for the generated electricity, while Nepal will receive 21.9% of the power free of cost. This marks NHPC's third major hydropower venture in Nepal.
2 months ago