Nepal, May 12 -- The government has announced plans to integrate all economic transactions into digital platforms as part of its policies and programs for the upcoming fiscal year, aiming to promote a cashless and transparent economy.

Presenting the government's annual policies and programs at a joint meeting of the Federal Parliament on Monday, President Ram Chandra Paudel said the government would move toward formalising a digital economy while minimising revenue leakage.

"All economic transactions will be integrated into digital platforms to establish a cashless, transparent and revenue leakage-free economy," President Poudel said during the address.

The government has also prioritised technology-friendly revenue administration and...