Kathmandu, May 29 (IANS) Nepal’s Finance Minister, Swarnim Wagle, on Friday announced major tax relief measures targeting the middle class, mirroring steps taken by the Indian government in February 2025. Presenting a budget of NPR 2.124 trillion for the fiscal year 2026-27 at a joint session of Parliament, Minister Wagle said the government has raised the income tax exemption threshold for individuals to NPR 1 million. Currently, individuals earning more than NPR 500,000 annually are required t…
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Kathmandu, March 28 (IANS) The new government of Nepal on Saturday announced that it will set up a committee to investigate the assets of political leaders and high-ranking officials who have held public office from 1990 to 2026. The government, led by Prime Minister Balendra Shah, said in a 100-point governance reform agenda unveiled on Saturday that a powerful asset investigation committee will be formed within 15 days. The decision comes at a time when several politicians who have led t…
Kathmandu, Jan 10 (IANS) The Nepali government has imposed a limit of NPR 500,000 on cash transactions for the purchase or sale of goods and services in a single transaction, effective from January 15. “Any individual, firm, company, or institution must carry out the purchase or sale of any service or goods, or any other transaction amounting to NPR 500,000 or more in a single transaction through a financial institution or banking instrument, given the capping of cash transactions,” the gove…