KATHMANDU: The government has doubled the third-party insurance coverage requirement for vehicle owners to Rs 1 million. Announcing the budget for fiscal year 2026/27 during the joint meeting of the Federal Parliament on Friday, Finance Minister Dr. Swarnim Wagle said…

KATHMANDU: The government has announced major policy changes for Nepal’s automobile sector through the budget for Fiscal Year 2026/27 (2083/84). The new budget focuses on electric mobility, tax reform and transport infrastructure development. EV tax now based on vehicle value…

KATHMANDU: The government has allocated more than Rs 120 billion for the upgrade and expansion of major highways across the country in the upcoming fiscal year 2026/27 (2083/84). Presenting the annual budget in the joint meeting of the Federal Parliament…

KATHMANDU: Nepal’s automobile sector remains one of the key contributors to government revenue, but it continues to face persistent political instability. Businesses often struggle to operate within an uncertain framework, where even compliant players are unable to make long-term investment…

KATHMANDU: Finance Minister is set to unveil Nepal’s federal budget for fiscal year 2026/27 (2083/84) tomorrow. Ahead of the announcement, discussions around possible changes in electric vehicle taxation have intensified across the auto industry. One of the major proposals being…