AGP Executive Report
Last update: 8 hours agoNepal-India Energy: Nepal and India are reviewing new cross-border transmission lines as India signals plans to buy 10,000 MW from Nepal, potentially locking hydropower exports deeper into India’s grid. Land & Taxes: On FY’s last day, Nepal recorded a record 10,968 land transactions nationwide as buyers rushed to beat higher capital gains tax rates. FDI Update: The Department of Industry approved FDI commitments worth Rs 58 billion in FY 2025/26, with agriculture, tourism and energy among the top sectors. Capital Markets: NEPSE posted its strongest weekly gain in months, rising 76.76 points (2.95%) with turnover jumping to Rs 29.19 billion. Trade & Logistics: Nepal launched its first rail cargo service from Kolkata to Biratnagar, extending direct rail access beyond Birgunj and aiming to cut transit costs. Customs & Smuggling: Korala customs collected about Rs 9.9 billion, while authorities also warned against unlabeled/counterfeit footwear and probed irregularities in Nepal Television satellite bandwidth procurement. Infrastructure & Telecom: Nagdhunga tunnel is set for trial operation from July 27, and Nepal Telecom started online SIM replacement services. Governance & Social Issues: Bagmati Province cut ministries to eight, while freed Kamaiya families in western Nepal still report unresolved land/identity registration problems.
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.
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