Budget & Economy: Finance Minister Swarnim Wagle unveiled a reform push in Nepal’s Rs 2.12 trillion budget, including tax incentives for IT exports (50% income tax relief), deductions for “sweat equity” for IT workers, and an AI-enabled, paperless “e-assessment” tax system; the budget also introduced foreign-investment easing (notification-based repatriation) and new capital-market rules. Energy & VAT Row: Opposition and energy voices are reacting sharply to the new 5% VAT on electricity consumption, with critics warning it could discourage power use and push people back toward LP gas. EV Tax Debate: Nepal’s EV tax system based on “motor peak power” is drawing controversy over weak testing facilities, inconsistent measurement, and certification gaps. Foreign Investment & Markets: Nepal also moved to make it easier for foreigners and NRNs to participate in secondary securities, alongside steps to streamline approvals and remittances. Security: Delhi Police Special Cell reported busting an ISI-linked Dawood Ibrahim terror module, arresting nine and recovering arms and explosives; reports say a Nepali-origin person was among those detained. Sports: Nepal’s women’s cricket team missed the Asian Games spot after losing to Malaysia in the qualifier semifinal; Nepal will face China for third place. Health & Events: The All Nepal Medical Conference (NMA Con 2026) is underway in Chitwan, while Saga Dawa is being observed across the country with merit-making and life-release rituals. Weather: Rain with thunder and lightning is expected in several provinces, with possible windstorms in some areas.