Verdict on constitutional commissions' officials rescheduled
The Supreme Court has once again postponed the day to deliver verdict on the writ petitions filed against the appointments of 52 officials at constitutional commissions. The verdict will now be delivered on July 2.
The division bench of Chief Justice Prakashman Singh Raut, Justices Sapana Pradhan Malla, Manoj Kumar Sharma, Dr Kumar Chudal, and Dr Nahakul Subedi were supposed to announce the verdict today.
Joint Spokesperson at Supreme Court, Niraja Pande, informed that the date to announce the verdict was scheduled for July 2.
Writ petitions were filed against the government's 52 appointments at constitutional commissions in two phases- in 2020 and 2022.
The government's decision was challenged, arguing that the appointments were made through an ordinance.
A total of 15 petitions were filed, reasoning the appointments were illegal. The hearing on the case was over on May 15.
Government total expenditure in last 10 months stands at Rs 1157.89 billion
The total expenditure of the government stood at Rs 1157.89 billion during the 10 months of Fiscal Year 2024/25, the Financial Comptroller General Office (FCGO), the Ministry of Finance, said.
The recurrent expenditure, capital expenditure, and financial expenditure amounted to Rs 773.23 billion, Rs 120.38 billion, and Rs 264.29 billion respectively.
In the review period, total revenue mobilization of the Government of Nepal (including the amount to be transferred to provincial and local governments) stood at Rs.922.43 billion.
The total revenue comprises tax revenue amounting Rs 828.94 billion and non-tax revenue Rs 93.49 billion in the review period.
Cash Balance at various accounts of the government maintained with NRB remained at Rs 360.98 billion (including Provincial Government and Local Government Accounts) in mid-May 2025. Such a balance was Rs 93.96 billion in mid-July 2024.
Similarly, in the review period, total expenditure of provincial governments stood at Rs 100.17 billion and resource mobilization stood at Rs 161.77 billion.
The total resource mobilization of provincial governments includes the grants and revenue transferred from the Government of Nepal amounting Rs 123.15 billion and revenue and other receipts of the provincial governments amounting Rs 38.62 billion in the review period.
Economic transformation through tourism: CPN (MC) Chair Dahal
CPN (Maoist Centre) Chairman and former Prime Minister Pushpa Kamal Dahal has said that economic transformation can be achieved by proper management and operation of natural resources.
While traveling to Mustang from Myagdi, after observing Bhurung-Tatopani, Rupsey Waterfall, and Andhagalchi in Annapurna Rural Municipality this morning and interacting with local representatives and residents, he pointed out the possibility of utilising natural resources to promote tourism in the region.
"I discussed the condition of the Kaligandaki Corridor Road, the potential of natural resources, operation issues, the need for infrastructure development, and to understand the problems of the people while traveling from Pokhara to Mustang. I see the possibility of developing health tourism by preserving, promoting, and managing the natural hot springs in Myagdi," he said.
Chairman Dahal emphasized the need to identify, promote, and develop natural resources to create job opportunities in the hydropower projects being constructed in the Kaligandaki and surrounding rivers, as well as to increase tourist attraction to the mountains, waterfalls, and beautiful scenery. He said that promoting tourism can change the economic condition of citizens.
After taking a bath at the Bhurung-Tatopani hot spring pond, Chairman Dahal interacted with the chairman of Annapurna Rural Municipality, Bharat Kumar Pun, former chairman Dam Bahadur Pun, local residents, and other leaders and activists.
During the interaction, local residents demanded arrangements for safe and regular transportation by controlling landslides and preventing erosion on the Myagdi section of the Beni-Jomsom-Korala road.
World Bank slashes global economic outlook as trade tensions continue
The World Bank has slashed its 2025 global growth forecast, citing trade tensions and policy uncertainty as the United States imposed wide-ranging tariffs that weigh on global economic forecasts, Aljazeera reported.
On Tuesday, the bank lowered its projection for global gross domestic product (GDP) growth to 2.3 percent in its latest economic prospects report, down from the 2.7 percent that it expected in January. This is the most recent in a series of downgrades by international organisations.
In its twice-yearly Global Economic Prospects report, the bank lowered its forecasts for nearly 70 percent of all economies, including the US, China and Europe, as well as six emerging market regions, from the levels it projected just six months ago before US President Donald Trump took office, according to Aljazeera.
“That’s the weakest performance in 17 years, outside of outright global recessions,” said World Bank Group chief economist Indermit Gill.