Kathamndu post RSShttps://kathmandupost.com/The Kathmandu Post : Find the latest breaking news from Nepal, opinion and analysis on Nepali politics, business, culture and arts, sports, movies, food and travel, books, education, auto and more at kathmandupost.comBudget allocates Rs3.63 billion for labour sector, focuses on safer foreign employment and skills developmenthttps://kathmandupost.com/national/2026/05/29/budget-allocates-rs3-63-billion-for-labour-sector-focuses-on-safer-foreign-employment-and-skills-developmentGovernment announces zero-cost migration measures, remittance investment schemes, rescue support for stranded workers and programmes for returnee migrants.Budget heralds a promise of middle-class expansion and market growthhttps://kathmandupost.com/columns/2026/05/29/budget-heralds-a-promise-of-middle-class-expansion-and-market-growthIn a deeper sense, it issues a call to the middle class itself: to step forward, engage productively, and help shape Nepal’s political economy.Gen Z leaders welcome budget support measures for victims but stress urgent implementationhttps://kathmandupost.com/national/2026/05/29/gen-z-leaders-welcome-budget-support-measures-for-victims-but-stress-urgent-implementationGovernment announces financial assistance for martyrs’ families, free treatment and monthly allowances for injured, along with entrepreneurship and rehabilitation programmes.Budget offers 10-year tax holiday for cinema halls outside major cities, film sector welcomes movehttps://kathmandupost.com/national/2026/05/29/budget-offers-10-year-tax-holiday-for-cinema-halls-outside-major-cities-film-sector-welcomes-moveGovernment’s tax exemption for new cinema halls outside metropolitan and sub-metropolitan areas draws mixed response as stakeholders welcome expansion but note gaps in broader film infrastructure plans.From K-pop to K-glow: lasers, facial firming drive South Korea’s new tourism wavehttps://kathmandupost.com/world/2026/05/29/from-k-pop-to-k-glow-lasers-facial-firming-drive-south-korea-s-new-tourism-waveJust over 2 million ​foreigners visited South Korea last year for medical treatment, nearly double the 2024 figure of 1.17 million, the health ministry said in April.Government allocates Rs12.31 billion for forestry, environment and climate sectorhttps://kathmandupost.com/money/2026/05/29/government-allocates-rs12-31-billion-for-forestry-environment-and-climate-sectorFinance Minister Wagle says access to concessional international climate finance for private sector to be expanded alongside carbon reduction and conservation programmes.MBBS classes to begin at Dasharath Chand Health Science University this yearhttps://kathmandupost.com/health/2026/05/29/mbbs-classes-to-begin-at-dasharath-chand-health-science-university-this-year50-bed Geta Hospital to be upgraded to 300-bed facility.Government announces Vision Kathmandu 2040 with integrated urban infrastructure planhttps://kathmandupost.com/national/2026/05/29/government-announces-vision-kathmandu-2040-with-integrated-urban-infrastructure-planBudget outlines long-term plan featuring flyovers, underpasses, river corridor development, waste management reforms and shift to electric public transport in Kathmandu Valley.Budget raises civil servants’ salaries by 21 percent, boosts spending on sports, health and social welfarehttps://kathmandupost.com/money/2026/05/29/budget-raises-civil-servants-salaries-by-21-percent-boosts-spending-on-sports-health-and-social-welfareGovernment announces pay rise after four-year freeze, expands health insurance funding, pledges new stadiums and launches support programmes for Gen-Z movement victims.Budget prioritises roads, health, education and energy projectshttps://kathmandupost.com/money/2026/05/29/budget-prioritises-roads-health-education-and-energy-projectsGovernment announces tunnel road opening, expansion of burn treatment services and new plans for universities, hydropower and fintech regulation.Budget allocates Rs218.30 billion to education sector, prioritises skills and innovationhttps://kathmandupost.com/money/2026/05/29/budget-allocates-rs218-30-billion-to-education-sector-prioritises-skills-and-innovationGovernment plans to promote skill-based education, allow migrant workers to study through Open University and encourage foreign universities to open campuses in Nepal.Budget puts AI, health reform and infrastructure expansion at centre of policy pushhttps://kathmandupost.com/money/2026/05/29/budget-puts-ai-health-reform-and-infrastructure-expansion-at-centre-of-policy-pushFinance Minister Wagle announces reforms in immigration, health insurance, capital markets and public utilities while pledging expanded road, water and social welfare programmesBudget offers tax relief, digital payment incentives and push for AI educationhttps://kathmandupost.com/money/2026/05/29/budget-offers-tax-relief-digital-payment-incentives-and-push-for-ai-educationGovernment announces concessions for domestic industries, easier overseas investment rules and plans to raise Rastriya Banijya Bank capital.Budget proposes sovereign wealth fund, Nepal Telecom divestment and energy sector reformshttps://kathmandupost.com/money/2026/05/29/budget-proposes-sovereign-wealth-fund-nepal-telecom-divestment-and-energy-sector-reformsFinance Minister Wagle said government would retain a 66 percent stake in Nepal Telecom while distributing the remaining shares to the public.Budget introduces hedge fund, legal reforms and major tax cuts for fiscal year 2026-27https://kathmandupost.com/money/2026/05/29/budget-introduces-hedge-fund-legal-reforms-and-major-tax-cuts-for-fiscal-year-2026-27Finance Minister Wagle opens secondary stock market to NRNs, slashes tariffs on industrial raw materials, and establishes a commercial tribunal for speedy dispute resolution.Finance Minister Wagle unveils budget for fiscal year 2026-27, announces tax relief and ministry cutshttps://kathmandupost.com/money/2026/05/29/finance-minister-wagle-unveils-budget-for-fiscal-year-2026-27-announces-tax-relief-and-ministry-cutsPresenting the budget at a joint session of Parliament, Wagle announced that individuals with annual income of up to Rs1 million would be exempt from personal income tax.Injured England captain Sciver-Brunt on track to return for T20 World Cuphttps://kathmandupost.com/world/2026/05/29/injured-england-captain-sciver-brunt-on-track-to-return-for-t20-world-cupEngland face Australia and India ​in World Cup warm-up games before beginning their campaign ​against Sri Lanka on June 12 in Birmingham.Iran, US reach deal to extend ceasefire, pending Trump’s approvalhttps://kathmandupost.com/world/2026/05/29/iran-us-reach-deal-to-extend-ceasefire-pending-trump-s-approval-1780048451According to four sources familiar with the matter, the agreement would extend the truce for another 60 days and allow traffic to flow through the strategic waterway. Inside the alleged plot against Nepal’s anti-graft chiefhttps://kathmandupost.com/money/2026/05/29/inside-the-alleged-plot-against-nepal-s-anti-graft-chief A chargesheet outlines allegations of bureaucratic power plays, intimidation networks, ritual-based coercion and cross-border money flows in a case centred on former civil aviation chief Pradeep Adhikari.Cambodia waives overstay fines for 602 Nepalishttps://kathmandupost.com/nepali-diaspora/2026/05/29/cambodia-waives-overstay-fines-for-602-nepalisEmbassy in Bangkok urges undocumented Nepalis in Cambodia to return home immediately.WHO identifies Ebola treatments, vaccines be tested in trials amid outbreakhttps://kathmandupost.com/world/2026/05/29/who-identifies-ebola-treatments-vaccines-be-tested-in-trials-amid-outbreakWHO prioritises experimental drugs, antivirals and vaccine candidates for clinical trials as Bundibugyo Ebola outbreak spreads in Democratic Republic of the Congo and Uganda, with no approved specific treatments currently available.Heatwave, holidays push up patient load at Bardiya Hospitalhttps://kathmandupost.com/health/2026/05/29/heatwave-holidays-push-up-patient-load-at-bardiya-hospitaRising cases of diarrhoea, fever and dehydration strain emergency services as patients return disappointed after finding OPD services closed during public holidays.Bridge project in Rautahat becomes symbol of delay and neglecthttps://kathmandupost.com/national/2026/05/29/bridge-project-in-rautahat-becomes-symbol-of-delay-and-neglectNine years after construction began on a vital bridge, residents are still risking their lives crossing the river. Everest spring climbing season sets new record with 1,008 successful summitshttps://kathmandupost.com/national/2026/05/29/everest-spring-climbing-season-sets-new-record-with-1-008-successful-summitsNepal says the 2026 season saw the highest number of successful ascents, climbing permits and royalty collections in the mountain’s history.Iran, US reach deal to extend ceasefire, pending Trump’s approvalhttps://kathmandupost.com/world/2026/05/29/iran-us-reach-deal-to-extend-ceasefire-pending-trump-s-approvalIf approved by leadership in Washington and Tehran, it would amount to the biggest step towards peace since the conflict began on February 28. In ‘Acheta’, faith turns fatalhttps://kathmandupost.com/art-culture/2026/05/29/in-acheta-faith-turns-fatalGovinda Sunar’s play follows a shaman-sculptor whose devotion, superstition and caste identity collide in a personal tragedy.How Kathmandu remembered Bob Dylan on his birthday weekhttps://kathmandupost.com/art-culture/2026/05/29/how-kathmandu-remembered-bob-dylan-on-his-birthday-weekFrom tribute concerts to film screenings, Kathmandu’s listeners celebrated the American singer’s birthday as a voice that still speaks across generations.NEPSE this weekhttps://kathmandupost.com/money/2026/05/29/nepse-this-week-1780017622Here is a snapshot of what happened at the stock market this week.Government setting legal measures to downsize bureaucracyhttps://kathmandupost.com/national/2026/05/29/government-setting-legal-measures-to-downsize-bureaucracyA proposed one-time provision in the draft law could force more than 10,000 civil servants into retirement as the government moves to downsize and restructure the bureaucracy.Macau arena echoes with ‘Jay Nepal’ after Rabindra Dhant’s big ‘Road to UFC’ winhttps://kathmandupost.com/sports/2026/05/29/macau-arena-echoes-with-jay-nepal-after-rabindra-dhant-s-big-road-to-ufc-winHundreds of Nepali supporters in Macau and Hong Kong turned Galaxy Arena into a sea of flags and cheers as Dhant defeated the Philippines’ Kimbert Alintozon by technical knockout to advance to the semifinals of ‘Road to UFC Season 5’.Long hours, low pay and fading pride: Disquiet in lower ranks of Nepal Policehttps://kathmandupost.com/national/2026/05/29/long-hours-low-pay-and-fading-pride-disquiet-in-lower-ranks-of-nepal-policeNepal Police faces a growing morale crisis as low-ranking personnel complain of poor conditions, shrinking respect and widening internal inequality.Wagle set to unveil large deficit budget above fiscal ceilinghttps://kathmandupost.com/money/2026/05/29/wagle-set-to-unveil-large-deficit-budget-above-fiscal-ceilingAmbitious Rs2.1–2.2 trillion spending plan focuses on infrastructure, tax reform, and a revenue push despite weak collections and rising fiscal pressure.Why Nepal cannot easily ignore NHRC’s Gen Z crackdown recommendationshttps://kathmandupost.com/national/2026/05/29/why-nepal-cannot-easily-ignore-nhrc-s-gen-z-crackdown-recommendationsFormer NHRC member says the commission’s report carries full legal and constitutional weight both inside Nepal and internationally.Adverse weather adds to informal workers’ stress in Kathmanduhttps://kathmandupost.com/money/2026/05/28/adverse-weather-adds-to-informal-workers-stress-in-kathmanduNew study warns extreme heat is worsening health risks, wage losses and food insecurity for migrant and informal workers in Nepal’s capital.From diapers to drugs: How India’s global corporate hubs are putting AI to workhttps://kathmandupost.com/world/2026/05/28/from-diapers-to-drugs-how-india-s-global-corporate-hubs-are-putting-ai-to-workAI moves into corporate core as India’s Global Capability Centres expand use of automation and machine learning across marketing, healthcare, finance and pharmaceuticals, reshaping global business operations.The NHRC has spoken. Now, prosecutehttps://kathmandupost.com/editorial/2026/05/28/the-nhrc-has-spoken-now-prosecuteNHRC’s report must be implemented in full, and within the statutory three-month window. Nepal’s private capital market is growing up. It needs to grow honesthttps://kathmandupost.com/columns/2026/05/28/nepal-s-private-capital-market-is-growing-up-it-needs-to-grow-honestThe private capital market in Nepal has real promise. It also has a structural problem: some of its strongest reported returns say more about regulatory timing than business building.Monsoon returns, and so do drinking water safety fearshttps://kathmandupost.com/health/2026/05/28/monsoon-returns-and-so-do-drinking-water-safety-fearsEpidemiology and Disease Control Division urges provinces and local units to stock medicines for water-borne diseases, test water quality and prepare for monsoon-related infections. Nepal moves to open competition for ambassadorial appointmentshttps://kathmandupost.com/national/2026/05/28/nepal-moves-to-open-competition-for-ambassadorial-appointmentsForeign ministry will screen applicants against set eligibility criteria and prepare a shortlist for Cabinet approval.Conserving Kathmandu Valley’s stone spoutshttps://kathmandupost.com/columns/2026/05/28/conserving-kathmandu-valley-s-stone-spoutsOf 573 spouts in the Valley, 94 have completely perished, while the rest function seasonally.