National News
Minister Shrestha Opens PPA for Under 10 MW Projects; Targets 1,500 kWh Per Capita Consumption
Speaking at IPPAN's 26th General Assembly, Energy Minister Biraj Bhakta Shrestha unveiled sweeping energy sector reforms, warning inactive license holders while opening direct international power trade and private transmission lines.
2 months ago
Government Committee Recommends Cancellation of 38 Sluggish Hydropower Licenses Totaling 1,388 MW
A high-level committee under the Ministry of Energy, Water Resources, and Irrigation has recommended revoking the licenses of 38 hydropower projects with a combined capacity of 1,388 MW due to zero progress despite Power Purchase Agreements (PPAs). The move follows the government's 100-point governance reform action plan and the budget statement targeting inactive projects.
2 months ago
Trump's "I Like Inflation" Comment Sparks Outrage as US Prices Hit 3-Year High
US President Donald Trump triggered intense debate after expressing a controversial fondness for inflation following a sharp rise in consumer prices to 4.2% in May. Driven by soaring energy costs from the escalating US-Israel conflict with Iran, the inflation surge presents a shifting economic and political challenge as midterm elections approach.
2 months ago
Finance Minister Dr. Swarnim Wagle Denies EV Policy Leak Allegations, Pledges to Quit Politics If Proven Guilty
Finance Minister Dr. Swarnim Wagle has strongly dismissed allegations that he leaked sensitive information regarding electric vehicle (EV) policies. Speaking before the parliamentary Public Accounts Committee, Dr. Wagle challenged his critics to produce evidence, promising to immediately resign and withdraw from public life entirely if any dishonesty is proven against him.
2 months ago
Finance Minister Dismisses Missing Pages and Tax Manipulation Allegations as Overblown
Finance Minister Dr. Swarnim Wagle clarified that news reports alleging unauthorized changes to customs duties and "missing pages" in the economic bill are misleading and exaggerated, attributing the page count discrepancies to minor technical formatting in Microsoft Word.
2 months ago
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.
2 months ago
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.
2 months ago
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.
2 months ago
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.
2 months ago
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.
2 months ago
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.
2 months ago
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.
2 months ago