Economy

Ruling Rastriya Swatantra Party MP Anushka Shrestha has called for the mandatory sale of Nepali goods at Tribhuvan International Airport to promote Nepali identity and entrepreneurs. She emphasized that the airport should be utilized to showcase domestic industries and indigenous products to departing passengers.

The Nepali government is finalizing the budget for fiscal year 2083/84, set to be presented by Jestha 15, with a strong emphasis on fostering a private sector-friendly investment environment and implementing economic reforms. Key policy priorities include reducing acquisition and tax-related hurdles, enhancing the one-door service system, and increasing investment in industrial infrastructure to lower costs. The Finance Minister has described the upcoming budget as the commencement of a new, transformative phase of economic reform.

Nepal Life Insurance Company Limited held a specialized training in Kathmandu on Anti-Money Laundering, Countering the Financing of Terrorism, and Countering the Financing of Proliferation (AML/CFT/CPF). The session featured Dr. Hari Kumar Nepal from Nepal Rastra Bank, who provided insights on legal frameworks and practical implementation for the insurance sector. The training aimed to strengthen participants' understanding and reduce financial crimes.

POCO has officially launched a new authorized service center at Ramesh Complex in Sanepa, Kathmandu. Operated by Tele Talk Pvt. Ltd., a Ramesh Corp entity, the facility will provide after-sales service and technical support for POCO smartphones and devices. Executive Director Sanjay Agrawal stated the company is committed to enhancing its after-sales support network in Nepal.

Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President Anjan Shrestha has urged the government to prioritize a production-led economic model and tax stability in the upcoming fiscal year 2083/84 budget. Shrestha emphasized that Nepal must shift from remittance and import dependency towards manufacturing, exports, and entrepreneurship to ensure sustainable prosperity, especially with the nation's impending graduation from Least Developed Country (LDC) status.

Machhapuchchhre Bank Limited and Prime Commercial Bank Limited are integrating selected branches and transferring safe deposit locker services to optimize operations and enhance service quality. This consolidation, aligned with directives from Nepal Rastra Bank, is scheduled to take effect starting July 17, 2026. Affected locker holders are urged to coordinate with their respective branches by July 17, 2026, to manage their assets during this transitional period.