AGP Executive Report
Last update: 7 hours agoElectricity Exports Surge: Nepal earned a record NPR 29.32 billion from electricity exports to India and Bangladesh in FY 2025/26, with exports rising to 3.877 billion kWh and imports falling, easing the import bill. Trade Imbalance Worsens: Nepal’s trade deficit widened 16.63% to Rs 1.781 trillion as imports hit Rs 2.096 trillion while exports rose only to Rs 315.29 billion. Betting Crackdown: Nepal Telecommunication Authority shut down 223,568 online betting apps and sites, blocking URLs with ISPs after World Cup-linked concerns. Foreign Currency Rules: Nepal Rastra Bank clarified cash foreign currency limits (up to $5,000 without customs) and allowed carrying Indian Rs 200/500 notes up to Rs 25,000, while keeping Rs 2000 notes banned. Regulatory Appointments: Dr. Ram Prasad Dhital reappointed as Chair of the Electricity Regulatory Commission, with other members taking oath. Education Sector Reform: Education Minister Sasmit Pokharel said the government will work with private consultancies under new regulations to curb fraud and improve guidance quality. Organic Push: PM Balendra Shah directed a system for certifying organic products in Nepal and signaled support for subsidies until an internationally recognized local certification agency is set up. Infrastructure Dispute: Road authorities issued a 15-day clarification notice to a contractor over delays on the Karnali Corridor road works. Market Watch: Nepal’s wholesale fruit and vegetable prices were set at Kalimati, with tomatoes, potatoes, onions, and greens seeing specific daily caps. EV Launch: TVS Motor launched the TVS Orbiter electric scooter in Nepal with 158 km range and connected features.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.