AGP Executive Report
Last update: 7 hours agoMarket Mood: NEPSE slid 21.92 points (0.80%) over June 15-19, wiping out about Rs40 billion in paper wealth as turnover fell to Rs20.04 billion. Banking & Regulation: Nepal Rastra Bank issued new CEO pay guidelines and pushed for stronger central-bank powers to contain financial crises. Tax & Formalisation: Finance Minister Swarnim Wagle said tax reforms aim to expand the formal economy with social justice, while foreign loans are “compulsory” when invested productively. Anti-Corruption Clash: Reports of PMO pressure on CIAA over the passport procurement probe sparked debate on constitutional independence. Tea Crisis: Nepal’s tea exports to India remain blocked by new Indian Tea Board SOPs; FNCCI and the foreign minister say diplomatic talks are ongoing, while Ilam and Jhapa factories keep shutting down. Energy & Infrastructure: ADB approved a $115m concessional loan for municipal water supply and sanitation; Nepal also began/expanded electricity exports to India and Bangladesh with monsoon flows. Tourism & Cities: GBIA is set to come into operation, and Pokhara’s Lakeside faces a drinking-water shortage despite a JICA-funded project. Startup Push: Government unveiled a Startup Fast Track plan to ease compliance and improve access to subsidised loans. Trade & Customs: EVs entering via Mustang were cleared as lawful, but Rasuwagadhi customs clearance drew scrutiny. Agriculture & Climate: KOICA will fund $12m for climate-resilient rice in the Terai, and women-led cooperatives are seeking bank investment for production expansion.
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