Budget introduces hedge fund, legal reforms and major tax cuts for fiscal year 2026-27

Finance 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 Swarnim Wagle on Friday unveiled a reform-heavy budget for the fiscal year 2026-27 during a joint session of Parliament, headlined by the introduction of a new hedge fund starting next fiscal year.