* The government has announced measures to promote angel investment aimed at injecting fresh capital into business ventures.
* The Foreign Investment and Technology Transfer Act (FITTA), 2019 (2075), will be revised, removing the mandatory requirement to obtain permission from Nepal Rastra Bank for profit repatriation.
* A first-loss recovery provision will be introduced for start-ups to encourage innovation and entrepreneurship.
* The government has pledged to prioritise travel safety.
Major highlights of substitution budget introduced by Finance M...
* The provision requiring a complementary study for tree felling will be scrapped.
* To facilitate alternative financing, the government plans to introduce Nepali currency offshore bonds in foreign markets.
* A ‘Matribhumi Kosh’ will be established to develop petroleum storage facilities capable of meeting the country’s fuel demand for at least three months.
* Due Diligence Audits (DDA) of seven public enterprises will be completed in the next fiscal year, with plans to resume their operations under the public private partnership (PPP) model.
* Dozens of government offices and services will be integrated into the Nagarik App.
* An AI processing centre will be established in Syuchatar, Kathmandu.
* The government has announced plans to promote digital exports and provide fellowships to 15 AI professionals.
* Nepal Electricity Authority will be unbundled as part of sectoral reforms.
* Local people will be allowed to subscribe to up to 40 percent of shares in hydropower projects under certain conditions.
