Parliament Showdown: Prime Minister Balendra Shah made his maiden appearance in the House and sparked a fresh row after saying Nepal and India have both “encroached” each other’s territories, prompting immediate backlash and demands for clarification. Foreign Ministry Clarification: Nepal’s MoFA quickly stepped in, saying the remarks were about “cross-border occupation” and encroachment in no-man’s land, not a change in the core border position. Budget Watch: Shah also defended the new electricity VAT, saying the revenue will go to upgrading power infrastructure, while Finance Minister Swarnim Wagle faced criticism over the overall budget size and new tax measures. Border Diplomacy: Shah reiterated that disputes should be handled through dialogue, with support from historians, surveyors and experts, and said Nepal has discussed the issue with China and the UK. Business & Prices: Gold jumped by Rs 20,500 per tola after customs duty changes, and the Nepal Chamber of Commerce said the budget could work if implemented well. Culture & Media: The Indigenous Film Festival opened in Kathmandu, while speakers urged responsible, fact-based journalism amid rising misinformation. Weather: Light to moderate rain with thunder is expected in some hilly and mountainous areas, with a chance of light rain or snowfall in parts.